Your AI Navigator in Commercial Real Estate
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

    1390 K St Penrose, CO 81240

    Sponsored
    For Sale
    $215,000

    LAND - Penrose, CO

    Lot size:
    2.72 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 1390 K St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    69080107
    Lot size
    2.72 Acres

    PROPERTIES OF COLORADO (719) 269-9600 [email protected]

    Listing agent Sandy L. Smith (719) 641-7776

    Listing date Dec 24, 2025

    MLS# 1450117 Listing URL

    Copyright © 2025 Royal Gorge 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.

    Overview

    2.72 Acres in Penrose, CO

    Located in Penrose, Colorado, the property at 1390 K Street features 2.72 acres of land suitable for various outdoor activities and potential development. The property includes a substantial shop, ideal for storage, hobbies, or business operations. Situated on the corner of Highway 50 and 1 mile from Highway 115, the location provides convenient access to Colorado Springs, Pueblo, and Canon City. The property has electric paid water tap and perk test, enhancing its appeal for residential or commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Gym & Fitness Car Rental Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -104.999688
    Latitude
    38.407004

    Nearby Similar for Sale

    • $1,250,000
      8,660 SF

      Historic Building with Landmark Features

      Unique commercial property with historic charm and potential.
      708 Fremont St, Penrose, CO 81240
      View Details
    • $1,250,000
      8,660 SF

      Historic Building with Unique Features

      Historic South Colorado building with landmark billboard and rocking chair.
      708 Fremont St, Penrose, CO 81240
      View Details
    • $1,250,000
      9.82 Acres

      Historic Building with Landmark Features

      Unique commercial property with historical significance and development potential.
      708 Fremont St, Penrose, CO 81240
      View Details
    • $795,000
      2,982 SF

      Penrose Commercial Opportunity on Highway

      Established commercial property with highway frontage and multiple buildings.
      15560 Hwy, Penrose, CO 81240
      View Details
    • $58,000
      10.00 Acres

      Penrose Land with Mountain Views

      10-acre rural property with mountain views in Penrose, Colorado.
      1374 C St, Penrose, CO 81240
      View Details
    • $325,000

      Versatile Commercial Building with Kitchen

      Well-maintained commercial property with a fully equipped kitchen area.
      880 Marilyn Dr, Penrose, CO 81240
      View Details
    • $1,325,000

      Equestrian Ranch with Irrigated Pasture

      108-acre equestrian ranch with 30 acres of irrigated pasture.
      8530 Co-115, Penrose, CO
      View Details

    FAQs

    What type of property is this?
    Land - 2.72 acres with shop, utilities, and convenient highway access.
    Where is this land located?
    The property is located at 1390 K St Penrose, CO.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - 2.72 acres of land suitable for various outdoor activities and potential development.; - Substantial shop ideal for storage, hobbies, or business operations.; - Convenient access to Colorado Springs, Pueblo, and Canon City via Highway 50 and Highway 115.
    (719) 641-7776
    Request Owner's contact information
    1390 K St Penrose, CO 81240
    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.
    1390 K St
    Penrose, CO 81240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1390 K St Penrose, CO 81240
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.