Historic Mixed-Use
New
For Sale
$200,000
113 S 3rd Street, Victor, CO 80860
Combines a front commercial area with residential quarters, kitchen, and included appliances.
Property Size1,476 SF
Days on Market2
Property Features for 113 S 3rd Street
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Commercial
Zoning
A-1
Taxes and HOA fees
Annual Taxes
$289
Building Details
Building Size
1,476 SF
Year Built
1899
Buildings
2
Units
1
Listing Agency:
Coldwell Banker Realty BK
(719) 359-0014
Listed By:
Camellia Coray · License #40042316
(719) 359-0014
Source:
Coloradopartners
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 7 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty BK
Investment Insights
Based on property information with market context.
Built in 1899, this mixed-use property in downtown Victor combines a storefront or office area at the front with living quarters toward the rear. The interior includes a full kitchen with maple cabinets, two bedrooms, two 3/4 bathrooms, a dining area, and a living room. Appliances are included, and the original kiln remains a prominent interior feature.
The property also includes a separate storage building behind the main structure. Its layout supports combined business and residential use, while the building can also be configured for business use throughout. Located at 113 S 3rd Street in Victor, the property carries A-1 zoning.
The property also includes a separate storage building behind the main structure. Its layout supports combined business and residential use, while the building can also be configured for business use throughout. Located at 113 S 3rd Street in Victor, the property carries A-1 zoning.
Key Highlights
- 1899 building in downtown Victor
- Front area configured for an office or storefront
- Rear living quarters include 2 bedrooms and 2 3/4 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,646
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,920
$292.9K
Cap Rate 7%
$209,229
$209.2K
Cap Rate 9%
$162,733
$162.7K
Market Conditions
NOI Build-Up for 1,476 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.3K $15.12/SF
− Vacancy
−$2.8K −$1.89/SF
EGI
$19.5K $13.23/SF
− OpEx
−$4.9K −$3.31/SF
NOI
$14.6K $9.92/SF
Area
Teller County, CO
Vacancy
12.50%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$292,920
Cap Rate 7%
$209,229
Cap Rate 9%
$162,733
Alternative Uses
Best Use
Retail
$298.5K
$261.2K – $348.2K
NOI $20,892 @ 7.0% cap · market cap 10.45%
Second Best
Mixed Use
$297.3K
$260.2K – $346.9K
NOI $20,812 @ 7.0% cap · market cap 10.41%
Theoretical Best
Office A
$377.3K
$330.1K – $440.1K
NOI $26,408 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Explore this area
Business Placement
Demographics for 80860, CO
547
Population
409
Households
1.3
Avg Household Size
53
Median Age
17%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
8
Density / Sq Mi
$53,333
Median Household Income
$29,955
Median Earnings
$615
Median Rent
$184,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines a front commercial area with residential quarters, kitchen, and included appliances.
Where is this mixed-use property located?
The property is located at 113 S 3rd Street Victor, CO.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1899 building in downtown Victor; Front area configured for an office or storefront; Rear living quarters include 2 bedrooms and 2 3/4 bathrooms
