Property profile

704 Washington St Monument, CO 80132

OFF-MARKET
Commercial land
Property ID
US13-2557688
2,249 SF 5 ac lot Built 1916
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5-acre commercial land parcel presents a unique investment opportunity in the thriving Monument, Colorado market. Located at 704 Washington Street, this single-tenant property boasts an enviable location with convenient access to Interstate 25, ensuring high visibility and easy accessibility for businesses and employees. The expansive acreage offers significant potential for a variety of commercial developments, catering to diverse business needs. The property's zoning and permitted uses should be independently verified to ensure compatibility with your specific project plans. Situated in the 80132 zip code, this land offers a strategic position within a rapidly growing community, providing access to a robust local economy and a strong workforce. The property's flat topography simplifies development, minimizing site preparation costs and accelerating project timelines. Prospective tenants will appreciate the prime location and the ample space available for construction. This is an exceptional opportunity to acquire a significant commercial land holding in a high-demand area. Detailed site plans and further information regarding utilities and infrastructure are available upon request. Serious inquiries only. Don't miss this chance to secure a prime piece of Colorado commercial real estate. The property is zoned for commercial use

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1916
Construction WOOD FRAME
Total area 2,249 SF
Lot 5 ac (217,800 SF)
Zoning code LI
APN 7115100006
UPID US13-2557688

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

704 Washington St Monument, CO 80132
Monument metro Census 3713 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2024
Last sale
$450,000
7 recorded transactions
2024
Price N/A
2024
$450,000
2023
$400,000
2023
$75,000
2022
Price N/A
2008
$550,000
1969
Price N/A

Zoning & alternative use

LI · Monument, CO
Zoning description

ched (RA) zone district. 5. Mobile Home Park (MHP) residential zone district. 6. Downtown Business (DB) zone district. 7. Commercial Center (CC) zone district. 8. Business Campus (BC) zone district. 9. Light Industrial (…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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