Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Canon City Commercial Building For Sale Title is generated by Realmo AI

    512 Royal Gorge Boulevard, Canon City, CO 81212

    View on Map
    Claim this Listing
    For Sale
    $550,000

    COMMERCIAL - Canon City, CO

    Lot size:
    0.24 Acres
    Added:
    Nov 18, 2025
    Days on Market:
    171
    Last Refresh:
    May 8 at 8:06 pm

    Property Features for 512 Royal Gorge Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    11026230
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    LOT 11 BLK 2 CANON CITY
    Tax Annual Amount
    5640

    Building Details

    Year built
    1888

    We can help!

    Listing Contact
    Kurt L. Zerby
    Kurt L. Zerby

    Listing agent Kurt L. Zerby

    Listing office Kurt Zerby Real Estate Group 1432 Greenwood Avenue, Canon City, CO

    Listing date Nov 18, 2025

    MLS# 7539752

    Copyright © 2026 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.

    HighLights

    • Remodeled interior offers a fresh and modern space.
    • Includes building and private paved parking lot for convenience.
    • Business fixtures included in sale, making it ready for operation.
    • Located in historic Canon City, offering charm and character.
    • Suitable for restaurant, bar/lounge, office, retail, or medical office, providing versatile possibilities.
    • Potential for VRBO or Bed & Breakfast (with special review).

    Overview

    The property includes a building and parking lot in historic Canon City. The building has been remodeled and is suited for various purposes, including a restaurant, bar and lounge, professional office, retail space, or medical office. Subject to review, the property could be repurposed as a VRBO or Bed & Breakfast. A paved parking lot is included. The building is situated on a 0.242-acre lot. Business fixtures are included in the sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Canon City
    County
    Fremont
    State
    Colorado
    Longitude
    -105.23945
    Latitude
    38.439712

    Nearby Similar for Sale

    • $550,000

      Canon City Income-Producing Office Building

      Turnkey office building generating $56K+ annually in Canon City.
      115 S 7th Street, Canon City, CO 81212
      View Details
    • $750,000

      Warehouse with Flooring Business Included

      3,080 sq ft warehouse and established flooring business for sale.
      300 Dozier Avenue, Canon City, CO 81212
      View Details
    • $1,090,000

      Versatile Commercial Space with Extra Land

      39,974 sq ft commercial space with retail, office, warehouse.
      1630 E Main Street, Canon City, CO 81212
      View Details
    • $399,900

      Commercial Shop with Fenced Lot

      Commercial shop with bays on a large, fenced lot.
      714 S 8th Street, Canon City, CO 81212
      View Details
    • $399,000

      Downtown Canon City Office Building

      Versatile commercial building in historic Canon City's heart.
      714-720 Main Street, Canon City, CO 81212
      View Details
    • $1,090,000
      39,239 SF

      Versatile Commercial Space with Extra Land

      39,974 sq ft commercial space on 2.42 acres.
      1630 E Main, Canon City, CO 81212
      View Details
    • $750,000

      Warehouse and Flooring Business Opportunity

      3,080 sq ft warehouse with established flooring business.
      300 Dozier Avenue, Canon City, CO 81212
      View Details
    • $590,000

      Established Restaurant on Main Street

      Well-established Italian restaurant in Canon City for sale.
      231 Main Street, Canon City, CO 81212
      View Details
    • $365,000

      Canon City Multifamily Property

      Multifamily property with mobile homes and large garage/shop.
      1230 Grand Avenue, Canon City, CO 81212
      View Details
    • $375,000
      2,650 SF

      Victorian Multifamily Commercial Opportunity

      Four-unit property with commercial zoning and income potential.
      820 Macon Ave, Canon City, CO 81212
      View Details
    • $349,900

      Main Street Commercial Space Available

      Flexible commercial space in a prime Main Street location.
      1118 Main Street, Canon City, CO 81212
      View Details
    • $399,000

      High-Occupancy Duplex with Expansion Potential

      Well-maintained duplex with high occupancy and expansion possibilities.
      92 Georgia Lane, Canon City, CO 81212
      View Details

    FAQs

    What type of property is this?
    Restaurant - Commercial building in historic Canon City, Colorado, with parking lot.
    Where is this restaurant located?
    The property is located at 512 Royal Gorge Boulevard Canon City, CO.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Remodeled interior offers a fresh and modern space.; Includes building and private paved parking lot for convenience.; Business fixtures included in sale, making it ready for operation.
    (719) 671-8952
    We can help!
    Listing Contact
    Kurt L. Zerby
    Kurt L. Zerby
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    512 Royal Gorge Boulevard, Canon City, CO 81212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!