Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Spacious Shop Building in Springfield Title is generated by Realmo AI

    1140 Hill St., Springfield, CO 81073

    View on Map
    Claim this Listing
    For Sale
    $165,000

    COMMERCIAL - Springfield, CO

    Property size:
    4,000 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $41/SF
    Added:
    Feb 11, 2026
    Days on Market:
    92
    Last Refresh:
    May 14 at 7:06 pm

    Property Features for 1140 Hill St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R
    Standard status
    Active
    APN
    R012834
    Size
    4,000 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Block 27 Lot(s)10 S1/2 Lot 11 Tipton Subdivision Springfield
    Tax Annual Amount
    236

    Building Details

    Year built
    1958
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Darrell Mackey

    Listing agent Darrell Mackey

    Listing office Mackey Realty CO

    Listing date Feb 11, 2026

    MLS# 236985

    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

    • Spacious 4,000 sq ft (40' x 100') shop building.
    • 13‑foot double sliding doors for easy access.
    • Durable construction suitable for agricultural, industrial, or business use.
    • Wide‑open interior space adaptable for various purposes.
    • Originally built for grainery and agricultural storage.
    • Metal roof.

    Overview

    This spacious 40' x 100' shop building was originally constructed for use as a grainery and agricultural storage facility. The structure features 13-foot double sliding doors, providing access for large equipment, vehicles, and machinery. Built with durable materials, the building offers a wide-open interior space ideal for conversion into a workshop, equipment storage facility, machinery repair shop, or commercial operation. With its solid construction and versatile layout, this property presents an opportunity for agricultural, industrial, or business use. The property is located in Springfield, CO, and has a lot size of 0.241 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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.

    Similar Places Nearby

    • Pride Ag Resources-Springfield — 288 W 13th Ave, Springfield, CO 81073

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Baca
    State
    Colorado
    Longitude
    -102.623003
    Latitude
    37.402501

    Nearby Similar for Sale

    • $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
    • $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 Opportunity

      Established RV park with upgrades near Main Street.
      341 E 6th Ave, Springfield, CO 81073
      View Details
    • $164,000
      3,100 SF

      Mixed-Use Property in Springfield, CO

      Three-unit property with storefront and residential units.
      965 Main St, Springfield, CO 81073
      View Details
    • $150,000
      1,590 SF

      Restaurant Building For Sale

      1590 sq ft restaurant building with drive-through and equipment.
      381 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
    • $50,000
      1,310 SF

      Main Street Commercial Building

      1,310 sq ft building on busy Main Street.
      HWY 287, 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
    • $155,000
      4,500 SF

      Historical Springfield Commercial Building

      Two-story, 4,500 sq ft commercial building for sale.
      957 Main St, Springfield, CO 81073
      View Details
    • $110,000
      2,530 SF

      Main Street Commercial Building

      Commercial building on Main Street with great curb appeal.
      909 Main St, Springfield, CO 81073
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,000 SF shop building suitable for agricultural or industrial use.
    Where is this warehouse located?
    The property is located at 1140 Hill St. Springfield, CO.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Spacious 4,000 sq ft (40' x 100') shop building.; 13‑foot double sliding doors for easy access.; Durable construction suitable for agricultural, industrial, or business use.
    (719) 529-4700
    We can help!
    Listing Contact
    Darrell Mackey
    Learn More
    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
    1140 Hill 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!