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    10300 US Highway 50 Howard, CO 81233

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    Claim this Listing
    New
    For Sale
    $489,000

    Special Purpose, Mountain Contemporary - Howard, CO

    Property size:
    1,438 SF
    Lot size:
    0.45 Acres
    Added:
    Apr 20, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 26 at 8:06 pm

    Property Features for 10300 US Highway 50

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business
    Parking features
    Carport, Garage
    Standard status
    Active
    Size
    1,438 SF
    Lot size
    0.45 Acres

    Building Details

    Year built
    1948
    Number of units
    2
    Building materials
    Cement Siding, Concrete, Frame, Metal Siding, Stucco
    Roof type
    Metal
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Hayden Mellsop
    Hayden Mellsop

    Listing agent Hayden Mellsop

    Listing office Pinon Real Estate Group LLC 201 F Street, Salida, CO

    Listing date Apr 20, 2026

    MLS# 5201108 Listing URL

    Copyright © 2026 ROCC/REcolorado. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway 50 Commercial Property

    This commercial property is located on Highway 50 in Howard, Colorado. The property includes two buildings. The first building is a 1438 square foot log-sided structure currently used as a veterinary clinic. It features a kitchen, an ADA compliant half bath, a 3/4 bath with plumbing stubbed, a covered back porch for storage, and four additional rooms currently used for animal care. This building could be adapted for single family residential use or other purposes. The second building is an 1100 square foot metal building, currently used as a pottery studio. The septic system, permitted in 2012, has capacity for three bedrooms. The property has 200 amp electrical service and a commercially permitted well. The property is zoned for business use. The Arkansas River is located across the road, and the town of Salida is 15 minutes away, while Monarch Ski Area is 45 minutes away. The lot size is 0.45 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Hotel & Motel Bar & Pub Clothing & Fashion Store Veterinary Clinic Wine and Liquor Store Travel Agency Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Howard
    County
    Fremont
    State
    Colorado
    Longitude
    -105.8156964
    Latitude
    38.4290479

    Nearby Similar for Sale

    • $675,000

      Howard, CO - Special Purpose

      Bungalow with motel, endless possibilities, great location!
      10240 US Highway 50, Howard, CO 81233
      View Details
    • $675,000
      3,389 SF

      Highway Commercial Property with Redevelopment Potential

      Commercial property with bungalow, motel, and redevelopment opportunities.
      10240 US Highway 50, Howard, CO 81233
      View Details
    • $234,500
      1,350 SF

      Commercial Property Near Salida

      Commercial property with vehicle lift, paint booth, and RV hookups.
      5637 County Road 45, Howard, CO 81233
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property on Highway 50 with two buildings.
    Where is this specialty property located?
    The property is located at 10300 US Highway 50 Howard, CO.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: High‑visibility commercial property on Highway 50 with business zoning.; Strong‑producing, commercially permitted well and 200 amp electrical service.; Two buildings: a 1438 sq ft log‑sided building and an 1100 sq ft metal building.
    (719) 539-0200
    We can help!
    Listing Contact
    Hayden Mellsop
    Hayden Mellsop
    Real Estate License ID: 100009876
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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