Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Building with Established Tenant Title is generated by Realmo AI

    441 University Street, Trinidad, CO 81082

    View on Map
    Claim this Listing
    New
    For Sale
    $639,000

    COMMERCIAL - Trinidad, CO

    Type:Office
    Lot size:
    0.31 Acres
    Added:
    May 13, 2026
    Days on Market:
    2
    Last Refresh:
    May 14 at 8:06 am

    Property Features for 441 University Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    APN
    13134500
    Lot size
    0.31 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    T & S BLK-24- LTS-25-26-27-28-
    Tax Annual Amount
    5239

    Building Details

    Year built
    2007
    Number of units
    1

    We can help!

    Listing Contact
    Wayne Jennings
    Wayne Jennings

    Listing agent Wayne Jennings License #FA040011635

    Listing office Bhhs Rocky Mountain Florence 232 E Main Street, FLORENCE, CO

    Listing date May 13, 2026

    MLS# 1176759

    Copyright © 2026 Royal Gorge 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

    • Established tenant providing physical therapy services ensures immediate income.
    • Highly desirable location in Trinidad, Colorado.
    • Spacious, functional layout ideal for healthcare or wellness‑related businesses.
    • Large parking lot with 14 off‑street parking spaces, including 2 handicap spaces.
    • Includes 6 private treatment rooms and desk/office space with 6 individual work desks.
    • Handicap accessible bathroom and Stanley automatic front doors.

    Overview

    This commercial building in Trinidad, Colorado, is currently leased to a tenant providing physical therapy services. The property is situated in a desirable location and offers income and investment potential. The building features a functional layout suited for healthcare or wellness-related businesses, with parking and accessibility for clients. The current tenant has a proven track record. Key features include a large parking lot with 14 off-street parking spaces, including 2 handicap spaces, Stanley automatic front doors, and a handicap-accessible bathroom. The employee bathroom includes a shower. There is a spacious gym area with 6 private treatment rooms, desk/office space with 6 individual work desks with built-in drawers and cabinets, a break room with a kitchenette, a utility room with washer & dryer hookups, and a Rinnai tankless water heater. The lot size is 0.31 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    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
    -104.512809
    Latitude
    37.169932

    Nearby Similar for Sale

    • $345,000
      2,014 SF

      Established Restaurant in Trinidad, CO

      Iconic restaurant for sale in Trinidad, Colorado.
      1118 Robinson Ave, Trinidad, CO 81082
      View Details
    • $495,000
      3,963 SF

      Updated Office Space in Trinidad

      Updated office building with income potential in downtown Trinidad.
      136 W Main St, Trinidad, CO 81082
      View Details
    • $950,000
      27,177 SF

      Commercial Building on Main Street

      Expansive commercial property with high visibility and income potential.
      426-430 E Main St, Trinidad, CO 81082
      View Details
    • $374,900
      2,000 SF

      Historic Trinidad Office Building For Sale

      Renovated historic commercial building with parking near I-25.
      431 University Street, Trinidad, CO 81082
      View Details
    • $639,000

      Commercial Building with Established Tenant

      Well-maintained commercial property in Trinidad, Colorado, with reliable tenant.
      441 University Street, Trinidad, CO 81082
      View Details
    • $990,000
      5,045 SF

      Brew Pub & Restaurant Space

      Turnkey restaurant and brew pub on 2.39 acres.
      516 E Elm St, Trinidad, CO 81082
      View Details
    • $325,000
      14,761 SF

      Historic Building in Trinidad, CO

      Historic building in the heart of Trinidad, steps from downtown.
      401 W Market, Trinidad, CO 81082
      View Details
    • $750,000

      Updated Commercial Space, Trinidad, CO

      Modernized commercial space with flexible layout in downtown Trinidad.
      323 N Commercial Street, Trinidad, CO 81082
      View Details
    • $374,900
      2,210 SF

      Historic Trinidad Commercial Building For Sale

      Renovated historic commercial building in Trinidad, move-in ready.
      431 University Drive, Trinidad, CO 81081
      View Details
    • $265,000
      1,288 SF

      Corner Lot Brick Office Building

      Versatile commercial building with office space and storage.
      403 E First St, Trinidad, CO 81082
      View Details
    • $390,000
      4,208 SF

      Mixed-Use Corner Lot Opportunity

      Commercial and residential property in Trinidad, Colorado.
      1000 Arizona Ave, Trinidad, CO 81082
      View Details
    • $400,000
      9,200 SF

      Highway 12 Commercial Property

      Versatile commercial property near Trinidad with highway access and ample space.
      24980 County Rd 18.3, Trinidad, CO 81082
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained commercial property in Trinidad, Colorado, with reliable tenant.
    Where is this medical office space located?
    The property is located at 441 University Street Trinidad, CO.
    What is the asking price?
    The asking price for this property is $639,000.
    What are key features of this property?
    This property features: Established tenant providing physical therapy services ensures immediate income.; Highly desirable location in Trinidad, Colorado.; Spacious, functional layout ideal for healthcare or wellness‑related businesses.
    (719) 491-1117
    We can help!
    Listing Contact
    Wayne Jennings
    Wayne Jennings
    Real Estate License ID: FA040011635
    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
    441 University 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!