Sign Up Successful!
You now have access to more from Realmo!
    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

    116 S Walnut St Trinidad, CO 81082

    Sponsored
    For Sale
    $220,000

    COMMERCIAL - Trinidad, CO

    Property size:
    2,280 SF
    Lot size:
    0.13 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 3 at 3:06 pm

    Property Features for 116 S Walnut St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    MIX
    APN
    11166000
    Size
    2,280 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Catherine Hilly-Redgate

    Code of the West Real Estate LLC (719) 251-3691

    Listing agent Catherine Hilly-Redgate (719) 680-8956

    Listing date Feb 3, 2026

    MLS# 230724

    Copyright © 2026 Pueblo 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

    Mixed-Use Victorian in Trinidad, CO

    This mixed-use property is located in Trinidad, CO, steps away from restaurants, galleries, and museums. The property features a Victorian design with possibilities for both residential and commercial use. The building includes four separated offices, a kitchen, and a half bath on the main floor. Additionally, there is a spacious three-room apartment upstairs with terrace and garden access. The property includes an inviting front porch, high ceilings, and old charm character. The backyard allows for off-street parking and privacy. The lot size is 0.13 acres. The property size is 2280 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Trinidad
    County
    Las Animas
    State
    Colorado
    Longitude
    -104.501798
    Latitude
    37.169467

    Nearby Similar for Sale

    • $900,000
      4,508 SF

      Multi-Unit Property with Expansion Potential

      Six-unit property with income, expansion potential, and scenic views.
      722 W Jefferson St, Trinidad, CO 81082
      View Details
    • $950,000
      27,177 SF

      Commercial Building on Main Street

      Expansive commercial property with high visibility and income potential.
      426-430 E Main St, Trinidad, CO 81082
      View Details
    • $990,000
      5,045 SF

      Brew Pub & Restaurant Space

      Turnkey restaurant and brew pub on 2.39 acres.
      516 E Elm St, Trinidad, CO 81082
      View Details
    • $450,000
      4,208 SF

      Mixed-Use Corner Lot in Trinidad

      Commercial and residential income property in the heart of Trinidad.
      1000 Arizona Ave, Trinidad, CO 81082
      View Details
    • New
      $639,000
      0.31 Acres

      Commercial Building with Established Tenant

      Well-maintained commercial property in Trinidad, Colorado, with reliable tenant.
      441 University St, Trinidad, CO 81082
      View Details
    • $6,704,950
      36,840 SF

      Trinidad Cannabis Cultivation Facility

      Premier cannabis cultivation facility on 144.2 acres in Trinidad, Colorado.
      36900 No Site Address, Trinidad, CO 81082
      View Details
    • $585,000
      0.05 Acres

      Historic Main Street Restaurant Opportunity

      Turn-key restaurant with residential space in historic Trinidad, Colorado.
      121 W Main St, Trinidad, CO 81082
      View Details
    • New
      $639,000
      0.31 Acres

      Commercial Building with Established Tenant

      Well-maintained commercial property in Trinidad, Colorado, with reliable tenant.
      441 University St, Trinidad, CO 81082
      View Details
    • $709,000
      5,376 SF

      Renovated Restaurant Space in Trinidad

      Turn-key restaurant with income and flexible second floor.
      443 N Commercial St, Trinidad, CO 81082
      View Details
    • $139,900
      0.18 Acres

      Trinidad Commercial Property For Sale

      Versatile commercial property in high-traffic location near Central Park.
      512 San Juan St, Trinidad, CO 81082
      View Details
    • $449,000
      2,014 SF

      Iconic Restaurant in Trinidad, Colorado

      Long-established restaurant with loyal customer base in Trinidad, Colorado.
      1118 Robinson Ave, Trinidad, CO 81082
      View Details
    • $374,900
      2,210 SF

      Historic Trinidad Commercial Building For Sale

      Renovated historic building in Trinidad, move-in ready, furnishings negotiable.
      431 University Dr, Trinidad, CO 81081
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Charming Victorian with offices and apartment near downtown Trinidad.
    Where is this mixed-use property located?
    The property is located at 116 S Walnut St Trinidad, CO.
    What is the asking price?
    The asking price for this property is $220,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Trinidad, steps from restaurants, galleries, and museums.; - Versatile property suitable for both living and working.; - Spacious 3-room apartment with terrace and garden access.
    (719) 680-8956
    Request Owner's contact information
    116 S Walnut St Trinidad, CO 81082
    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.
    116 S Walnut St
    Trinidad, CO 81082
    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
    116 S Walnut St Trinidad, CO 81082
    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
    Catherine Hilly-Redgate
    (719) 680-8956
    Learn more
    Google sign-in failed. Please try again or use another login method.