Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    117 S Petroleum Ave Florence, CO 81226

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $300,000

    5,600 sq ft commercial space with flexible zoning.

    Property size:
    5,600 SF
    Lot size:
    0.02 Acres
    Added:
    Apr 20, 2025
    Days on Market:
    374
    Last Refresh:
    Jan 20 at 9:35 am

    Property Features for 117 S Petroleum Ave

    General Information

    Standard status
    Active
    Size
    5,600 SF
    Lot size
    0.02 Acres

    We can help!

    Listing Contact
    Uli Pryse ABR CMRS CNE GRI MCNE SRES

    Listing agent Uli Pryse ABR CMRS CNE GRI MCNE SRES

    Listing office Century 21 Altitude Real Estate

    Listing date Apr 20, 2025

    Source Exprealty

    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 Century 21 Altitude Real Estate

    Overview

    Versatile Commercial Space in Florence

    Located in the heart of Colorado's Antique Capital, this 5,600 sq ft building offers a range of possibilities for entrepreneurs and creatives. Formerly an antique store, the property is zoned CHB, allowing for various commercial uses. Potential business uses include a coffeehouse or wine bar (with a commercial kitchen on-site, subject to Health Department approval), an artisan gallery or studio, a wellness retreat or yoga studio, office suites or a co-op workspace, a small event venue or photo studio, or even a live/work conversion. The building includes both main-level and lower-level space, suitable for mixed use or multiple income streams. Situated just off Main Street and easily accessible from Hwy 115, the property benefits from high visibility, walkability, and the charm of a small town that attracts visitors throughout the year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Florence Flipping Peddler Home Decor Store rgaa Art Gallery

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Fremont
    State
    Colorado
    Longitude
    -105.116
    Latitude
    38.389

    Nearby Similar for Sale

    • $349,500

      Historic Building in Florence's Golden Block

      Refurbished commercial building in Florence's thriving downtown district.
      111 W Main Street, Florence, CO 81226
      View Details
    • $360,000

      Renovated Duplex with Garage

      Florence duplex renovated in 2022 with detached garage.
      303 W 7th Street, Florence, CO 81226
      View Details
    • $675,000

      Mixed-Use Investment in Historic Downtown

      Live-work investment opportunity in Florence's Historic Downtown on Main Street.
      122 W Main Street, Florence, CO 81226
      View Details
    • $443,000

      Unique Multifamily Property on Acreage

      Updated main house, duplex, and loft apartment on one acre.
      10830 Highway 115, Florence, CO 81226
      View Details
    • $990,000

      Historic Gem in Downtown Florence

      Two homes on 1.49 acres in historic downtown Florence.
      225-229 E Main Street, Florence, CO 81226
      View Details
    • $480,000

      Historic Downtown Florence Mixed-Use Building

      Mixed-use building with business spaces and luxury loft in Florence.
      119 W Main Street, Florence, CO 81226
      View Details
    • $360,000
      1,705 SF

      Renovated Duplex in Florence, Colorado

      Two-unit duplex renovated in 2022 with detached garage.
      303 W 7th St unit: 2, Florence, CO 81226
      View Details
    • $675,000

      Historic Downtown Florence Live-Work Space

      Live-work investment opportunity in historic downtown Florence, Colorado.
      122 W Main Street, Florence, CO 81226
      View Details
    • $550,000
      15,519 SF

      Mixed-Use Property on Main Street

      Mixed-use property with restaurant, retail, and apartment potential.
      102-106 Main Street, Florence, CO 81226
      View Details
    • $550,000

      Main Street Mixed-Use Opportunity

      Mixed-use property with restaurant, retail, and apartment potential.
      102-106 E Main Street, Florence, CO 81226
      View Details
    • $309,950

      Two Homes on One Lot

      Two homes on a single lot near downtown Florence.
      115 Gumaer Avenue, Florence, CO 81226
      View Details
    • $525,000
      5,000 SF

      Florence Multifamily Investment Opportunity

      Well-maintained 5-unit apartment building in downtown Florence, Colorado.
      112 S Santa Fe Ave, Florence, CO 81226
      View Details

    FAQs

    What type of property is this?
    Storefront property - 5,600 sq ft commercial space with flexible zoning.
    Where is this storefront property located?
    The property is located at 117 S Petroleum Ave Florence, CO.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: 5,600 sq ft space in Historic Downtown Florence.; CHB zoning allows for flexible commercial use.; Excellent visibility and walkability just off Main Street.
    (720) 221-1700
    We can help!
    Listing Contact
    Uli Pryse ABR CMRS CNE GRI MCNE SRES
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!