Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    618 Main St Walsenburg, CO 81089

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial property in Walsenburg, Colorado, suitable for hospitality.

    Type:Hospitality, Office, Retail
    Property size:
    2,452 SF
    Added:
    Mar 4, 2026
    Days on Market:
    37
    Last Refresh:
    Mar 16 at 2:27 pm

    Property Features for 618 Main St

    General Information

    Standard status
    Active
    Size
    2,452 SF
    Property subtype
    Hospitality, Office, Retail

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Arica Andreatta
    Arica Andreatta

    Listing agent Arica Andreatta License #CO ER.100051579

    Listing office Code Of The West Real Estate

    Listing date Mar 4, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Code Of The West Real Estate

    Overview

    Walsenburg Commercial Property For Sale

    This commercial property, located at 618 Main St in Walsenburg, Colorado, offers 2452 square feet of space. The property is suitable for hospitality purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Walsenburg
    County
    Huerfano
    State
    Colorado
    Longitude
    -104.780079
    Latitude
    37.62309

    Nearby Similar for Sale

    • $280,000
      2,540 SF

      Walsenburg Commercial Property on Main

      Car wash and automotive shop with Main Street frontage.
      802 Main St, Walsenburg, CO 81089
      View Details
    • $349,900
      2,640 SF

      Black Diamond Plaza Building

      Commercial building with high visibility and access in Walsenburg.
      701 Main St, Walsenburg, CO 81089
      View Details
    • $330,000
      1,862 SF

      Walsenburg Office Building For Sale

      Well-maintained office building with high visibility and flexible layout.
      125 E 5th St, Walsenburg, CO 81089
      View Details
    • $149,900
      8,396 SF

      Walsenburg Commercial Building For Sale

      Versatile commercial building with residential potential in Walsenburg, Colorado.
      325 Main St, Walsenburg, CO 81089
      View Details
    • $299,900
      4,284 SF

      Iconic Building in Downtown Walsenburg

      Prime commercial property with excellent visibility and consistent traffic.
      726 Main Street, Walsenburg, CO 81089
      View Details
    • $199,900
      4,320 SF

      Historic Commercial Building on Main

      4,320 sqft commercial building on high-traffic Main Street.
      623 Main Street, Walsenburg, CO 81089
      View Details
    • $299,900
      2,647 SF

      Iconic Downtown Walsenburg Commercial Building

      Prime commercial property in downtown Walsenburg with high visibility.
      726 Main St, Walsenburg, CO 81089
      View Details
    • $325,000
      1,904 SF

      Restaurant Opportunity on Main Street

      Freestanding restaurant with commercial kitchen and on-site parking.
      822 Main St, Walsenburg, CO 81089
      View Details
    • $199,900
      4,320 SF

      Historic Commercial Building on Main

      Historic 4,320 SF commercial building on high-traffic Main Street.
      623 Main St, Walsenburg, CO 81089
      View Details
    • $110,430
      2,452 SF

      Historic Commercial Building on Main

      Redevelopment opportunity in historic Walsenburg commercial property.
      618-620 Main St, Walsenburg, CO 81089
      View Details
    • $50,000
      4,002 SF

      Downtown Walsenburg Commercial Building

      Commercial building in downtown Walsenburg, approximately 4,002 square feet.
      110 SW 7th St, Walsenburg, CO 81089
      View Details
    • $330,000
      1,862 SF

      Walsenburg Office For Sale

      Office property in Walsenburg, Colorado with 1862 square feet.
      125 E 5th Street, Walsenburg, CO 81089
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property in Walsenburg, Colorado, suitable for hospitality.
    Where is this specialty property located?
    The property is located at 618 Main St Walsenburg, CO.
    What is the asking price?
    The asking price for this property is $110,430.
    What are key features of this property?
    This property features: Hospitality property; Built in 1900
    (719) 742-3626 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Arica Andreatta
    Arica Andreatta
    Real Estate License ID: CO ER.100051579
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!