Commercial Real Estate Market in Limon, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
6 active listings and 187 off-market properties in Limon, CO.
Market Trends
Limon, CO spans 438.2 square miles in Lincoln County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Limon, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Limon, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Limon, CO runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Limon, CO runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Open space 44%
- Residential 27.2%
- Commercial 20.7%
- Mixed use 6.4%
- Industrial 1.7%
Largest Zones share of zoned land by district
Open Space
Commercial Highway
Single Family Residential
Mixed Commercial
Multi Family Residential
Limon, CO zones 2,002 acres across 13 districts. Commercial zoning covers 20.7% of zoned land, residential 27.2%, open space 44% and industrial 1.7%. The largest single district is Open Space at 44%. For commercial buyers the practical constraint is that only 22.4% of land carries a commercial or industrial designation.
Commercial Highway (CH-1)
CH-1, CH-2, CH-3, LI, HI and nonresidential and mixed-use PD zone districts with the following restrictions: (Entire section amended November 7, 2002 by Ordinance No. 479) 202.2.5.3.2.2.1. Upon obtaining a building permit for a permanent nonresidential structure a permit for utilizing a temporary structure on the premises by the property owner or representat…
Market overview
Demographics & Economy
Limon, CO has 3,507 residents in 1,117 households. Density runs 8 people per square mile. Median household income here is $65,893 and median gross rent $1,167 a month.
3,507
Population
1,117
Households
3.1
Avg Household Size
38
Median Age
35%
College-Educated
89%
High-School Grad
438.2 sq mi
ZIP Area
8
Density / Sq Mi
$65,893
Median Household Income
$40,476
Median Earnings
$1,167
Median Rent
$232,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Genoa | — | — |
| Hugo | — | — |
| Matheson | — | — |
| Bovina | — | — |
Commercial property in Limon, CO asks $806/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Limon?
Commercial property in Limon, CO asks an average of $806 per square foot. The 6 most recent recorded sales traded at a median of $99/SF, so asking sits 714% above the achieved median.
What zoning applies to commercial property in Limon?
Limon, CO zones 2,002 acres across 13 districts, of which 20.7% is commercial and 1.7% industrial. The largest single district is Open Space at 44% of zoned land. Residential zoning covers 27.2% and open space 44%.
Where does Realmo's Limon market data come from?
Realmo compiles Limon, CO figures from 7 recent recorded sales, 6 active sale listings, 187 tracked off-market properties, the current Limon zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 6 active for-sale and 0 active for-lease listings in Limon, CO. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,002 zoned acres across 13 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level, industrial vacancy is reported at West region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
