Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Mixed-Use Investment Opportunity Title is generated by Realmo AI

    965 Main St, Springfield, CO 81073

    View on Map
    Claim this Listing
    New
    For Sale
    $164,000

    MULTI_FAMILY - Springfield, CO

    Property size:
    3,100 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $52/SF
    Added:
    May 28, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features for 965 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C-2
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 2
    Parking
    2
    Parking features
    Carport
    Window features
    Double Pane Windows, Single Pane Window(s)
    Interior features
    Ceiling Fan(s), Walk-In Closet(s), Walk-in Shower
    Appliances
    Dishwasher-Some, Refrigerator-All, Gas Range-All, Washer-All, Dryer-All
    Standard status
    Active
    APN
    547529302009
    Size
    3,100 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Subdivision Original, BLK 19 Lot 9 N31/2 LT 10 SEC 29 1/4 SEC 3 TWP 30 Range 46
    Tax Annual Amount
    608

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Wall Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1917
    Floors in Building
    2
    Number of units
    3
    Building materials
    Frame, Wood Siding
    Roof type
    Composition, Flat

    We can help!

    Listing Contact
    Ginger Coberley

    Listing agent Ginger Coberley

    Listing office Coberley Realty CO

    Listing date May 28, 2026

    MLS# 228231 Listing URL

    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.

    HighLights

    • Versatile 3‑unit property suitable for residential and commercial use
    • Storefront unit (Unit 1) with kitchen, bathroom/laundry, living space, and 1 bedroom
    • Spacious upper‑level unit (Unit 2) with 2 bedrooms, mudroom, laundry room, kitchen, and large living room
    • Unit 3 is a larger ground‑level unit with 2 bedrooms, 1 bathroom, and a spacious laundry/storage room
    • All units include major appliances (refrigerator, gas range, washer, dryer), some with dishwasher
    • Features both central air and wall unit cooling, plus carport parking

    Overview

    This three-unit property offers potential for residential and commercial use. The versatile investment opportunity includes two residential units and a storefront, making it suitable for income production or a live/work setup. The property provides a foundation for various business ventures or continued rental use. Unit 1, located on the ground level at the front of the building, features a storefront, a kitchen, a bathroom/laundry area, a living space, and one non-conforming bedroom. It is suited for a small business, office, or retail opportunity combined with residential use and includes all major appliances, excluding a dishwasher. Unit 2, situated on the upper level, includes a mudroom, two bedrooms (one non-conforming), one bathroom, a laundry room, a kitchen, and a large living room. It offers comfortable residential living with generous space and includes all major appliances, excluding a dishwasher. Unit 3, a larger ground-level unit, offers two bedrooms, one bathroom, and a laundry/storage room. It includes all major appliances, including a dishwasher. The property is located in Springfield, CO, and the lot size is 0.09 acres. The property size is 3100 square feet. The zoning is C-2.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Springfield
    County
    Baca
    State
    Colorado
    Longitude
    -102.616796
    Latitude
    37.404425

    Nearby Similar for Sale

    • $135,000
      2,880 SF

      Commercial Building on High-Traffic Main

      Well-maintained commercial building in Springfield, move-in ready for various businesses.
      935 Main St, Springfield, CO 81073
      View Details
    • $150,000
      1,590 SF

      Restaurant Opportunity on Main Highway

      Turnkey restaurant with drive-through on main highway in Springfield.
      381 Main St, Springfield, CO 81073
      View Details
    • $147,000
      37,725 SF

      Turnkey RV Park Business Opportunity

      Established RV park with 10 full hook-up sites for sale.
      341 E 6th Ave, Springfield, CO 81073
      View Details
    • $155,000
      4,500 SF

      Historical Mixed-Use Building in Springfield

      Two-story commercial building with potential for retail or office use.
      957 Main St, Springfield, CO 81073
      View Details
    • $110,000
      2,530 SF

      Main Street Commercial Building

      Commercial building with high ceilings and great curb appeal.
      909 Main St, Springfield, CO 81073
      View Details
    • $165,000
      4,000 SF

      Spacious Shop Building in Springfield

      4,000 SF shop building suitable for agricultural or industrial use.
      1140 Hill St., Springfield, CO 81073
      View Details
    • $50,000
      1,310 SF

      Downtown Springfield Commercial Building For Sale

      1310 sq ft commercial building with excellent visibility.
      HWY 287, Springfield, CO 81073
      View Details
    • $85,000
      1,440 SF

      Main Street Commercial Building Opportunity

      High-visibility commercial building on Main Street, Springfield, Colorado.
      925 Main St, Springfield, CO 81073
      View Details
    • $155,000
      4,500 SF

      Historical Springfield Commercial Building For Sale

      Two-story, 4,500 SF commercial building in downtown Springfield, Colorado.
      957 Main St, Springfield, CO 81073
      View Details
    • $164,000
      3,100 SF

      Mixed-Use Property with Storefront

      Three-unit property featuring residential and commercial spaces.
      965 Main St, Springfield, CO 81073
      View Details
    • $110,000
      2,530 SF

      Main Street Commercial Building For Sale

      Commercial building on Main Street with great curb appeal.
      909 Main St, Springfield, CO 81073
      View Details
    • $150,000
      1,590 SF

      Springfield Restaurant with Drive-Through

      1590 sq ft restaurant with drive-through on main highway.
      381 Main St, Springfield, CO 81073
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three-unit property with residential and commercial potential.
    Where is this mixed-use property located?
    The property is located at 965 Main St Springfield, CO.
    What is the asking price?
    The asking price for this property is $164,000.
    What are key features of this property?
    This property features: Versatile 3‑unit property suitable for residential and commercial use; Storefront unit (Unit 1) with kitchen, bathroom/laundry, living space, and 1 bedroom; Spacious upper‑level unit (Unit 2) with 2 bedrooms, mudroom, laundry room, kitchen, and large living room
    (719) 691-4660
    We can help!
    Listing Contact
    Ginger Coberley
    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
    965 Main St, Springfield, CO 81073
    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!