Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Income-Producing Duplex in La Junta Title is generated by Realmo AI

    216 Cimarron, La Junta, CO 81050

    View on Map
    Claim this Listing
    New
    Picture of Duplexes at 216 Cimarron, La Junta, CO
    For Sale
    $140,000

    MULTI_FAMILY - Ranch - La Junta, CO

    Type:Single Family Residence
    Property size:
    1,316 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $106/SF
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 1:06 pm

    Property Features for 216 Cimarron

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    RES
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
    Parking features
    Carport, Garage
    Window features
    Single Pane Window(s)
    Fireplace
    1
    Appliances
    Refrigerator-All, Electric Range-All
    Standard status
    Active
    APN
    464302313902
    Size
    1,316 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 8 & 9 BLK 24 LJ B700 P525 #597370 597376 #617131#630096-DC #630538-SA; MS# 4622 BY MIS; RCPTN-BL- LT- SEC- 2 TWN- 24 RNG- 55
    Tax Annual Amount
    253

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1929
    Number of units
    2
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Gabriel Martinez

    Listing agent Gabriel Martinez

    Listing office HomeSmart Preferred Realty 635 Corona St Suite 201, Pueblo, CO

    Listing date May 18, 2026

    MLS# 240048 Listing URL

    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

    • Income‑producing duplex, currently generating $1,700/month.
    • Tenants cover electric and gas.
    • Located in La Junta, known for its stable, long‑term renters.
    • Opportunity to purchase as part of a bundle of 7 additional properties.
    • Features a carport and garage for parking.
    • Includes Refrigerator and Electric Range in both units.

    Overview

    This income-producing duplex is located in La Junta, Colorado. The property is currently tenant-occupied, generating a total of $1,700 per month in rental income. One unit rents for $950 per month, while the other brings in $750 per month. Tenants are responsible for covering electric and gas expenses. The property is zoned RES. The building has 1316 square feet of living space and is situated on a 0.161-acre lot. Located in a tight-knit community, La Junta offers affordable living and access to the Arkansas River Valley. This property presents an opportunity for investors looking to expand their portfolio. This property is part of a bundle opportunity with 7 additional properties in La Junta and Rocky Ford.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    La Junta
    County
    Otero
    State
    Colorado
    Longitude
    -103.540516
    Latitude
    37.98681

    Nearby Similar for Sale

    • $344,000
      4,440 SF

      Turnkey Commercial Building in La Junta

      Versatile commercial building in La Junta, Colorado, ready for business.
      502 Colorado Ave, La Junta, CO 81050
      View Details
    • $350,000
      2,465 SF

      Established Dry Cleaning Business Opportunity

      Well-established dry cleaning and laundry service in La Junta, CO.
      403 & 409 3rd St, La Junta, CO 81050
      View Details
    • $200,000
      8,210 SF

      Versatile Commercial Space, La Junta

      8,210 sq ft commercial building in La Junta, Colorado.
      414 Santa Fe Ave, La Junta, CO 81050
      View Details
    • $1,600,000
      36,410 SF

      Downtown La Junta Commercial Building

      Expansive mixed-use building in high-traffic downtown location.
      302 Colorado Ave, La Junta, CO 81050
      View Details
    • $115,000
      1,424 SF

      La Junta Commercial Garage Unit

      Garage unit suitable for commercial business or hobbyist use.
      315 Belmont Ave, La Junta, CO 81050
      View Details
    • $115,000

      Garage Unit in La Junta

      Garage unit suitable for commercial or residential use.
      315 Belmont Ave, La Junta, CO 81050
      View Details
    • $189,000
      1,337 SF

      Highway Frontage Restaurant Opportunity

      Restaurant with equipment on 1.22 acres near highway.
      26700 Hwy 50, La Junta, CO 81050
      View Details
    • $295,000
      2,550 SF

      Remodeled Commercial Building with Apartment

      Mixed-use property in downtown La Junta with income potential.
      307 Colorado, La Junta, CO 81050
      View Details
    • $135,000
      1,200 SF

      Income-Producing Duplex in La Junta

      Duplex with tenants in place, generating $1,500/month income.
      212 Cimarron, La Junta, CO 81050
      View Details
    • $155,000
      700 SF

      Turn-Key Salon Opportunity

      Remodeled salon with prime location and modern amenities.
      15 E 7th St, La Junta, CO 81050
      View Details
    • $185,000
      2,002 SF

      Victorian Home Near Downtown Shopping

      Charming Victorian home with income potential near downtown La Junta.
      501 Colorado Ave, La Junta, CO 81050
      View Details
    • $325,000
      6,250 SF

      Versatile Commercial Building in La Junta

      Spacious 6,250 sq ft building on 0.26-acre lot.
      118 Bradish Ave, La Junta, CO 81050
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in La Junta with tenants in place.
    Where is this duplex located?
    The property is located at 216 Cimarron La Junta, CO.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Income‑producing duplex, currently generating $1,700/month.; Tenants cover electric and gas.; Located in La Junta, known for its stable, long‑term renters.
    (719) 248-7796
    We can help!
    Listing Contact
    Gabriel Martinez
    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
    216 Cimarron, La Junta, CO 81050
    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!