Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    109 S 3Rd St Victor, CO 80860

    View on Map
    Sponsored
    For Sale
    $179,900

    COMMERCIAL - Victor, CO

    Type:Retail
    Lot size:
    0.14 Acres
    Days on Market:
    19
    Last Refresh:
    Mar 7 at 5:06 pm

    Property Features for 109 S 3Rd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Lot size
    0.14 Acres

    Building Details

    Year built
    1899

    We can help!

    Listing Contact
    Bill Camp GRI LHC MRP PPRES SFR

    Your Neighborhood Realty, Inc. (719) 687-2222

    Listing agent Bill Camp GRI LHC MRP PPRES SFR (719) 287-7522

    Listing date Feb 17, 2026

    MLS# 6753362

    Copyright © 2026 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Theater in Victor, Colorado

    The ISIS theater, also known as the "Union Theatre," "Union Steam Laundry," "Crystal Theatre," "Grand Theatre," and "Ideal Theatre," is located in Historic Victor, Colorado. The property is conveniently situated near the Gold Belt Tour and Historic Byway, which is a National Scenic Byway. Skaguay Reservoir is nearby, offering outdoor activities such as fishing, camping, boating, hiking, and picnicking. Downtown Victor provides amenities including shops, restaurants, museums, a convenience store, parks, and a post office. The nearby town of Cripple Creek caters to gaming enthusiasts. This historical establishment is ready to be rejuvenated. The second vacant lot is currently used as a miniature golf course. The lot size is 0.14 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isis Theater Tour Operator

    Suggested Use

    Storage Facility Building Supply Department Store Bar & Pub Bakery (Bike/Boat/Book/etc) Store Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Hair Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Victor
    County
    Teller
    State
    Colorado
    Longitude
    -105.1405644
    Latitude
    38.7097155

    Nearby Similar for Sale

    • New
      $225,000
      0.07 Acres

      Historic Assay Building in Victor

      Historic mixed-use building with business and living space potential.
      113 S 3Rd St, Victor, CO 80860
      View Details
    • Contact for pricing

      Commercial Building For Hospitality/Retail Use

      Commercial building suitable for hospitality and retail businesses.
      305 Victor Ave, Victor, CO 80860
      View Details
    • $2,225,000

      Historic Boutique Hotel For Sale

      Unique, renovated commercial building with multiple income streams in Victor, CO.
      301 Victor Ave, Victor, CO 80860
      View Details
    • $495,000
      6,216 SF

      Historic Victor Mixed-Use Investment

      Mixed-use property in revitalizing mountain town with income potential.
      400 Victor Ave, Victor, CO 80860
      View Details
    • New
      $204,999

      Historic Mixed-Use Building in Victor

      Mixed-use building with storefront and apartment in revitalizing downtown.
      308 Victor Ave, Victor, CO 80860
      View Details
    • $495,000

      Historic Victor Mixed-Use Investment

      Mixed-use property in revitalizing mountain town, potential for co-living.
      400 Victor Ave, Victor, CO 80860
      View Details
    • $2,225,000
      7,394 SF

      Historic Boutique Hotel and Venue

      Turnkey boutique hotel, event venue, and coffee shop for sale.
      301 Victor Ave, Victor, CO 80860
      View Details
    • $2,225,000

      Historic Boutique Hotel and Venue

      Turnkey boutique hotel, event venue, and coffee shop in Victor, CO.
      301 Victor Ave, Victor, CO 80860
      View Details
    • $225,000

      Historic Mixed-Use Building in Victor

      Mixed-use building with storefront and apartment in revitalizing downtown.
      308 Victor Ave, Victor, CO 80860
      View Details
    • $340,000
      2,134 SF

      Commercial Building in Historic District

      Three-unit commercial building near Cripple Creek and Colorado Springs.
      310 Victor Ave, Victor, CO 80860
      View Details
    • $340,000

      Three-Unit Commercial Building For Sale

      Three-unit commercial building nearing full remodel in historic Victor.
      310 Victor Ave, Victor, CO 80860
      View Details
    • Contact for pricing
      3,469 SF

      Victor Avenue Retail Opportunity

      High-traffic retail space, ideal for diverse uses.
      305 Victor Ave, Victor, CO 80860
      View Details

    FAQs

    What type of property is this?
    Storefront property - Historic theater near Gold Belt Tour and outdoor activities.
    Where is this storefront property located?
    The property is located at 109 S 3Rd St Victor, CO.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Historic ISIS/Union Theater in Victor, Colorado, ready for rejuvenation.; - Prime location near the Gold Belt Tour and Historic Byway.; - Proximity to Skaguay Reservoir offering outdoor recreation.
    (719) 235-2409
    Request Owner's contact information
    109 S 3Rd St Victor, CO 80860
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 S 3Rd St
    Victor, CO 80860
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    109 S 3Rd St Victor, CO 80860
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bill Camp GRI LHC MRP PPRES SFR
    Real Estate License ID: 100073216
    (719) 235-2409 (719) 287-7522 (719) 687-2222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!