Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Downtown Erie Quarter-Acre Development Lot Title is generated by Realmo AI

    675 Pierce, Erie, CO 80516

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $549,900

    Versatile quarter-acre lot in Downtown Erie with development potential.

    Type:Commercial
    Lot size:
    0.26 Acres
    Added:
    Feb 28, 2026
    Days on Market:
    78
    Last Refresh:
    Apr 5 at 9:11 pm

    Property Features for 675 Pierce

    General Information

    Standard status
    Active
    Lot size
    0.26 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    CHRISTOPHER MARTINEZ
    CHRISTOPHER MARTINEZ

    Listing agent CHRISTOPHER MARTINEZ License #100040919

    Listing office RE/MAX ALLIANCE-LONGMONT

    Listing date Feb 28, 2026

    Source Corcoran

    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 RE/MAX ALLIANCE-LONGMONT

    HighLights

    • Prime Downtown Erie location with DT zoning, supporting diverse residential and commercial uses.
    • Large 75' x 150' quarter‑acre lot offering significant development potential.
    • Subdividable into three separate parcels, ideal for multiple units or phased projects.
    • No HOA, no metro district, and no restrictive covenants, providing development freedom.
    • Currently tenant‑occupied, generating immediate rental income during the development phase.
    • Seller explored plans for three townhomes, offering a starting point for development ideas.

    Overview

    Located in Downtown Erie, this 75' x 150' quarter-acre lot offers flexibility, a central location, and long-term growth potential. Zoned DT (Downtown), the property supports a range of residential and commercial uses, including live/work units, townhomes, multifamily buildings, mixed-use developments, and retail/office spaces. The seller has considered plans for three townhomes, and the lot can be subdivided into three separate parcels, making it suitable for builders, developers, or investors seeking multiple units or phased projects. There is no HOA, metro district, or restrictive covenants. The property is currently tenant-occupied, providing rental income while design, planning, and approvals are underway. Downtown Erie is experiencing growth, increased foot traffic, and community appeal. Opportunities to secure a lot with Downtown zoning in a central, walkable location are limited. This property offers versatility, strategic positioning, and long-term upside for building, holding for future appreciation, or creating a multi-unit investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Erie
    County
    Boulder
    State
    Colorado
    Longitude
    -105.048
    Latitude
    40.0512

    Nearby Similar for Sale

    • $549,900

      Downtown Erie Quarter-Acre Development Lot

      Versatile quarter-acre lot in Downtown Erie with development potential.
      675 Pierce St, Erie, CO 80516
      View Details
    • $599,000
      1,966 SF

      Updated Ranch-Style Home in Erie

      Updated ranch in Collier Hills with flexible living spaces.
      937 Eva Peak Dr, Erie, CO 80516
      View Details
    • $610,000

      Hangar Condo at Erie Airport

      Aviation and light-industrial opportunity with direct taxiway access.
      3000 Airport Dr 301, Erie, CO 80516
      View Details
    • $610,000
      2,500 SF

      Hangar Condo at Erie Airport

      Aviation and light-industrial opportunity with direct taxiway access.
      3000 Airport Drive #301, Erie, CO 80516
      View Details
    • $950,000
      4,000 SF

      Prime Commercial Space in Erie

      Move-in ready office space with income potential in Old Town.
      695 Pierce St, Erie, CO 80516
      View Details
    • $590,000
      1,801 SF

      Newland Plan Home in Erie

      Professionally-designed home with open-concept design, stylish finishes, and modern amenities.
      647 Skyhook Street, Erie, CO 80516
      View Details
    • $698,000
      2,450 SF

      New Erie Town Center Townhome

      New Toll Brothers townhome in Erie Town Center.
      628 Saddle Drive, Erie, CO 80516
      View Details
    • $1,890,000
      3,300 SF

      Erie Ranch with Mountain Views

      Custom ranch on 21 acres with panoramic mountain views.
      4445 County Road 7, Erie, CO 80516
      View Details
    • $1,500,000
      6,250 SF

      Flight Business Park Hangar Unit

      Condo/Warehouse Hangar Unit at Erie Municipal Airport.
      3000 Airport Dr, Erie, CO 80516
      View Details
    • $701,300

      Pad Ready Land For Sale

      Divisible land with utilities in place, many uses possible.
      360 Ambrose Street, Erie, CO 80516
      View Details
    • $5,700,000
      7,725 SF

      Established Liquor Store in Erie

      High-volume liquor store in a high-growth Erie location.
      460 Erie Parkway, Erie, CO 80516
      View Details
    • $701,300

      Pad Ready Land For Sale

      Divisible land with utilities in place, many uses possible.
      360 Ambrose, Erie, CO 80516
      View Details

    FAQs

    What type of property is this?
    Commercial land - Versatile quarter-acre lot in Downtown Erie with development potential.
    Where is this commercial land located?
    The property is located at 675 Pierce Erie, CO.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Prime Downtown Erie location with DT zoning, supporting diverse residential and commercial uses.; Large 75' x 150' quarter‑acre lot offering significant development potential.; Subdividable into three separate parcels, ideal for multiple units or phased projects.
    (303) 651-3939
    We can help!
    Listing Contact
    CHRISTOPHER MARTINEZ
    CHRISTOPHER MARTINEZ
    Real Estate License ID: 100040919
    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
    675 Pierce, Erie, CO 80516
    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!