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    La Junta Commercial Building Title is generated by Realmo AI

    502 Colorado Ave, La Junta, CO 81050

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    COMMERCIAL - La Junta, CO

    Property size:
    4,440 SF
    Lot size:
    0.28 Acres
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 2:06 pm

    Property Features for 502 Colorado Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C-1
    Parking
    14
    Standard status
    Active
    APN
    464302335001
    Size
    4,440 SF
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    Lots 1, 2, 3 and the N1/2 of Lot 4, in Block 54, in the City of La Junta, as shown by the recorded plat thereof, in the County of Otero, State of Colorado.

    Building Details

    Year built
    1982

    We can help!

    Listing Contact
    Beth Howe

    Listing agent Beth Howe

    Listing office Great Plains Land Company, LLC CO

    Listing date May 15, 2026

    MLS# 239984

    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

    • Turn‑key commercial building with 4,440 sq ft, ready for immediate occupancy.
    • Located in a General Commercial District (C‑1 zoning) and Enterprise Zone.
    • High visibility corner lot location on 5th Street and Colorado Avenue.
    • Paved parking lot with 14 spaces, including handicap parking.
    • Features a large open front room, 7 private offices, conference room, break room with kitchenette, and restrooms.
    • Forced air and heat for a comfortable working environment.

    Overview

    This commercial building, located in La Junta, Colorado, offers 4,440 square feet of space on a 0.28-acre lot, equivalent to 3 1/2 city lots. Situated at the intersection of 5th Street and Colorado Avenue, the property benefits from its location within the General Commercial District (C-1 zoning) and an enterprise zone, which encourages private investments and job creation. The building is positioned directly north of the La Junta Public Library and one block from City Hall. Located on a corner lot, the building benefits from high visibility. A paved parking lot on the south side provides 14 parking spaces, including handicap parking. The building features a large open front room, 7 private offices, a conference room, a break room with a kitchenette, and men's and women's bathrooms. Vestibule entryways at the front and back enhance heating, cooling, and security. The office space is equipped with tables, chairs, desks, and office cubicles. Forced air and heat provide a comfortable working environment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    La Junta
    County
    Otero
    State
    Colorado
    Longitude
    -103.543464
    Latitude
    37.983334

    Nearby Similar for Lease

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      View Details
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      1,200 SF

      Retail Space Near Walmart

      Retail space available, located near a Walmart Supercenter.
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      View Details

    FAQs

    What type of property is this?
    Office building - Versatile commercial building in La Junta, Colorado for rent.
    Where is this office building located?
    The property is located at 502 Colorado Ave La Junta, CO.
    What are key features of this property?
    This property features: Turn‑key commercial building with 4,440 sq ft, ready for immediate occupancy.; Located in a General Commercial District (C‑1 zoning) and Enterprise Zone.; High visibility corner lot location on 5th Street and Colorado Avenue.
    (719) 469-3143
    We can help!
    Listing Contact
    Beth Howe
    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.

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