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    Versatile Commercial Building in Kit Carson Title is generated by Realmo AI

    204-210 N Main, Kit Carson, CO 80825

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    Claim this Listing
    New
    For Sale
    $30,000

    COMMERCIAL - Kit Carson, CO

    Property size:
    2,368 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $12/SF
    Added:
    May 13, 2026
    Days on Market:
    3
    Last Refresh:
    May 15 at 9:06 am

    Property Features for 204-210 N Main

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COM
    Standard status
    Active
    APN
    Multiple
    Size
    2,368 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    Call office for lengthy legal description.
    Tax Annual Amount
    3000

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1908
    Floors in Building
    1
    Roof type
    Metal

    We can help!

    Listing Contact
    Sharon Wilson

    Listing agent Sharon Wilson

    Listing office Wilson Realty CO

    Listing date May 13, 2026

    MLS# 236753

    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

    • Prime location off Highway 287 and Main Street with exceptional visibility and accessibility.
    • Includes inventory and fixed equipment from the former grocery store.
    • Versatile 2,368‑square‑foot building suitable for retail, office, restaurant, or other uses.
    • Features a metal building, garage, corner lot, and additional lots.
    • Includes central air conditioning and forced air heating.
    • Metal roof.

    Overview

    Located in Kit Carson, this 2,368-square-foot building offers opportunities for various business ventures. The property includes a metal building, garage, corner lot, and additional lots. Situated just off Highway 287 and Main Street, in the neighborhood business district, this freestanding property provides visibility and accessibility. Included in the sale are the inventory and fixed equipment from the former grocery store. This versatile property can be customized for a retail space, office, restaurant, or professional service establishment. The property is located on a 0.498-acre lot. The legal description includes ALL LOT 4 BLK 3D UP SUBDIVISION KC & LOTS 5, 6 & 7 IN BLOCK 3, IN THE UNION PACIFIC LAND COMPANY'S SUB-DIVISION OF A PART OF THE NORTHWEST QUARTER(NW4)OF SECTION 9 IN TOWNSHIP 15 SOUTH, RANGE 48, WEST OF THE SIXTH PRINCIPAL MERIDIAN: & THE NORTH HALF OF THE EAST HALF(N2E2) OF LOT 12, THE EAST HALF (E2) OF LOT 13, LOT14 AND THE SOUTH (S20') OF LOT 15, IN BLOCK 3, IN THE UNION PACIFIC LAND COMPANY'S FIRST ADDITION. The sale is subject to approval by the US Bankruptcy Court for the District of CO. The property is sold As Is. Buyer to pay utility taps.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Hotel & Motel Storage Facility Restaurant Nail Salon Cafe & Coffee Shop Wine and Liquor Store Arcade & Gaming Center Coworking & Hybrid Office Pet Store & Service Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Kit Carson
    County
    Cheyenne
    State
    Colorado
    Longitude
    -102.7922302
    Latitude
    38.763941

    FAQs

    What type of property is this?
    Grocery and convenience store - 2,368 SF commercial building with inventory and equipment included.
    Where is this grocery and convenience store located?
    The property is located at 204-210 N Main Kit Carson, CO.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Prime location off Highway 287 and Main Street with exceptional visibility and accessibility.; Includes inventory and fixed equipment from the former grocery store.; Versatile 2,368‑square‑foot building suitable for retail, office, restaurant, or other uses.
    (719) 688-2925
    We can help!
    Listing Contact
    Sharon Wilson
    Learn More
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    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
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