Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Commercial Space, Trinidad, CO Title is generated by Realmo AI

    323 N Commercial Street, Trinidad, CO 81082

    View on Map
    Claim this Listing
    For Lease
    $7,150 /Mo

    Office - Trinidad, CO

    Type:Office
    Lot size:
    0.61 Acres
    Added:
    Sep 4, 2024
    Days on Market:
    616
    Last Refresh:
    May 12 at 12:06 pm

    Property Features for 323 N Commercial Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    Commercial
    Parking features
    Carport, Garage
    Standard status
    Active
    Lot size
    0.61 Acres

    Building Details

    Year built
    1968
    Number of units
    13
    Building materials
    Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Manshel
    Sarah Manshel

    Listing agent Sarah Manshel

    Listing office eXp Realty - ROCC 9800 PYRAMID CT STE 400, Englewood, CO

    Listing date Sep 4, 2024

    MLS# 4602614 Listing URL

    Copyright © 2026 ROCC/REcolorado. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated space with extensive improvements including new paint, electrical, HVAC, ceiling, plumbing, and epoxy floors.
    • Versatile space suitable for various business types such as wellness center, manufacturing, studios, retail, makerspace, and entertainment.
    • Prime downtown location.
    • Spacious event space with versatile rooms.
    • Re‑exposed original garage door feature.
    • New TPO roof.

    Overview

    This commercial lease opportunity is located in downtown Trinidad, Colorado. The property has been fully renovated with extensive improvements, including all-new interior wall paint and texture, electrical and HVAC upgrades, new ceiling tiles, plumbing enhancements, and epoxy-sealed concrete floors. The interior walls have been reconfigured, and the original garage door has been re-exposed. A brand-new TPO roof has been installed. The property is white-boxed and ready for business use. The entrance reception area opens to a spacious event space, with halls lined with versatile rooms. The property is suitable for a holistic wellness center with services and programming, small-scale manufacturing, art or music studios, a small business retail center, a makerspace and co-working space, a young adult center and programming, or an entertainment center. The property offers flexibility, convenience, and a range of amenities. The lot size is 0.61 acres. The tenant is responsible for all utilities, internet, and any additional operating expenses. The minimum lease term is one year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Trinidad
    County
    Las Animas
    State
    Colorado
    Longitude
    -104.486
    Latitude
    37.1661

    Nearby Similar for Lease

    • Contact for pricing

      Historic Downtown Trinidad Office Suites

      Restored office suites in historic downtown Trinidad building for lease.
      125 N Commercial St, Trinidad, CO 81082
      View Details
    • $3,850/Mo

      Downtown Trinidad Retail Space Available

      Retail spaces for lease in historical downtown Trinidad, Colorado.
      409-419 N Commercial St, Trinidad, CO
      View Details
    • $500/Mo

      Renovated Commercial Space in Trinidad

      Fully renovated commercial space with versatile rooms and modern amenities.
      323 N Commercial Street, Trinidad, CO 81082
      View Details
    • Contact for pricing

      Former School Building Available

      Well-maintained former school with classrooms, kitchen, gym, and more.
      1021 Pierce St, Trinidad, CO 81082
      View Details
    • $6,000/Mo

      Remodeled Building in Trinidad, CO

      Remodeled building with business opportunity in historical Trinidad, Colorado.
      231 E Main St, Trinidad, CO
      View Details

    FAQs

    What type of property is this?
    Office units - Fully renovated commercial space in downtown Trinidad, ready for your business.
    Where is this office units located?
    The property is located at 323 N Commercial Street Trinidad, CO.
    What is the lease rate?
    The lease rate is $7,150 /Mo.
    What are key features of this property?
    This property features: Fully renovated space with extensive improvements including new paint, electrical, HVAC, ceiling, plumbing, and epoxy floors.; Versatile space suitable for various business types such as wellness center, manufacturing, studios, retail, makerspace, and entertainment.; Prime downtown location.
    (719) 212-9008
    We can help!
    Listing Contact
    Sarah Manshel
    Sarah Manshel
    Real Estate License ID: FA100067471
    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
    323 N Commercial Street, Trinidad, CO 81082
    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!