You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Warehouses

509 Main St Walsenburg, CO 81089-2035

3,128 SF 0.06 ac lot Built 1900
Individually Owned Free & Clear
Property ID
US13-1999107
Property summary
AI-generated overview

This exceptional commercial property, located at 509 & 511 Main Street in Walsenburg, Colorado, presents a unique investment opportunity. Situated just one mile from the heavily trafficked I-25, this property benefits from significant daily traffic exposure. The building comprises two distinct commercial spaces under one roof, each offering unique features and potential uses. Unit #511 boasts a large frontage room with high ceilings, decorative Spanish-style sconces, and a 7x11 fireplace with adjacent wood storage. Stucco walls, pine trim, and decorative ledges add to its character. The front window alcoves are ideal for a variety of uses, including a coffee shop, retail showroom, market, offices, art gallery, or even a residential space. An upper-level loft provides the potential for conversion into a residential apartment. Unit #509 (parcel #20670, with $965 in annual taxes and a total square footage of 3128) features drywall, wood trim, and four separate spaces. This unit underwent remodeling in 2009, and the roof was maintained and repaired in 2018. Significant electrical upgrades have also been completed. Both units benefit from convenient alley access. The property offers a blend of quiet charm and proximity to Colorado's outdoor recreational opportunities, combined with an affordable cost of living. The welcoming city officials are open to new business ideas, making this a promising investment in a thriving community. The total square footage of the building is 2260 square feet. This property is ready for a new owner to capitalize on its potential.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,128 SF
Lot 0.06 ac (2,530 SF)
APN 20670
UPID US13-1999107
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
GREG J NEQUETTE
GREG J NEQUETTE
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 509 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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