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

    Pennsylvania Ave Walsenburg, CO 81089

    Sponsored
    For Sale
    Contact for pricing

    LAND - Walsenburg, CO

    Lot size:
    0.26 Acres
    Days on Market:
    200
    Last Refresh:
    Jan 20 at 5:06 pm

    Property Features for Pennsylvania Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-1
    APN
    12081
    Lot size
    0.26 Acres

    We can help!

    Listing Contact
    Sarah Jardis

    Code of the West Real Estate LLC (719) 251-3691 [email protected]

    Listing agent Sarah Jardis (970) 376-3434

    Listing date Jul 5, 2025

    Copyright © 2025 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

    Walsenburg Developable Residential Lot

    This is a large 11250 square foot developable lot located in town. It is zoned R-1 Low Density Residential, which allows for a single-family residence, duplex, accessory uses, or more, including camper or boat storage, parking, day care, church, or gardens. The lot is fenced, mowed, and ready for development. Utilities are available through the City of Walsenburg and San Isabel Electric Association. The property is located just minutes from I-25 and is also close to US 160 and Lathrop State Park, Highway 12 Scenic Highway of Legends, in the heart of Spanish Peaks Country and at the crossroads of Southern Colorado.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Walsenburg
    County
    Huerfano
    State
    Colorado
    Longitude
    -104.7773016
    Latitude
    37.6312627

    Nearby Similar for Sale

    • $999,900
      65,000 SF

      Walsenburg Commercial Property with Greenhouses

      35-acre commercial property with multiple greenhouses and processing buildings.
      23054 Hwy, Walsenburg, CO 81089
      View Details
    • $160,000
      0.10 Acres

      Main Street Commercial Property

      Prime commercial property with high visibility and renovation potential.
      618-620 Main St, Walsenburg, CO 81089
      View Details
    • $225,000
      2,760 SF

      Established Bar in Walsenburg, CO

      Turn-key bar with highway frontage and loyal clientele.
      112 W 7Th St, Walsenburg, CO 81089
      View Details
    • $999,999
      6,773 SF

      Walsenburg Cultivation Facility For Sale

      35-acre cultivation facility with infrastructure and transferable state cultivation license.
      2340 Bennett Rd, Walsenburg, CO 81089
      View Details
    • $185,000
      2,289 SF

      Downtown Walsenburg Commercial Opportunity

      Unique commercial property in downtown Walsenburg, Colorado, ready for new ventures.
      124-126 W 6Th St, Walsenburg, CO 81089
      View Details
    • $999,900
      73,000 SF

      Walsenburg Multi-Site Growing Operation

      35-acre property with multiple greenhouses and processing buildings.
      23054 Us-160, Walsenburg, CO 81089
      View Details
    • $350,000
      4,284 SF

      Iconic Downtown Walsenburg Retail Building

      Prime commercial property in historic downtown Walsenburg with high visibility.
      726 Main St, Walsenburg, CO 81089
      View Details
    • $350,000
      2,647 SF

      Iconic Downtown Walsenburg Commercial Building

      Prime commercial property in downtown Walsenburg with high visibility and traffic.
      726 Main St, Walsenburg, CO 81089
      View Details
    • $299,000
      2,260 SF

      Commercial Building in Walsenburg, CO

      Remodeled commercial property with potential for retail or residential use.
      511 Main St, Walsenburg, CO 81090
      View Details
    • $699,999
      1,087 SF

      Turn-Key Commercial Property For Sale

      Fully renovated commercial building with high visibility and accessibility.
      601 Hwy, Walsenburg, CO 81089
      View Details
    • $280,000
      4,320 SF

      Historic Commercial Building on Main

      Historic commercial building with two storefronts on high-traffic Main Street.
      623 Main St, Walsenburg, CO 81089
      View Details
    • $280,000
      4,320 SF

      Historic Commercial Building on Main

      4,320 sqft commercial building with high visibility on Main Street.
      623 Main St, Walsenburg, CO 81089
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large R-1 zoned lot suitable for various residential purposes.
    Where is this residential land & home lot located?
    The property is located at Pennsylvania Ave Walsenburg, CO.
    What is the asking price?
    The asking price for this property is $28,000.
    What are key features of this property?
    This property features: - Large 11250sf developable lot in town.; - Zoned R-1 allowing for single family residence, duplex, or accessory uses.; - Utilities available through City of Walsenburg and San Isabel Electric Association.
    (970) 376-3434
    Request Owner's contact information
    Pennsylvania Ave Walsenburg, CO 81089
    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.
    Pennsylvania Ave
    Walsenburg, CO 81089
    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
    Pennsylvania Ave Walsenburg, CO 81089
    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
    Sarah Jardis
    (970) 376-3434
    Learn more
    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.