Commercial Real Estate Market in Paonia, CO
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
19 active listings and 115 off-market properties in Paonia, CO.
Market Trends
Paonia, CO spans 189.6 square miles in Delta County, Colorado. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Paonia, CO runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Paonia, CO runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Paonia, 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 Paonia, 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
- Residential 64.9%
- Open space 14.9%
- Industrial 6.6%
- Civic 4.2%
- Planned_development 3.4%
- Commercial 1.9%
Largest Zones share of zoned land by district
Low Density Residential
Medium Density Residential
Public
Light Industrial
Core Commercial
Paonia, CO zones 514 acres across 12 districts. Commercial zoning covers 1.9% of zoned land, residential 64.9%, open space 14.9% and industrial 6.6%. The largest single district is Low Density Residential at 42.2%. For commercial buyers the practical constraint is that only 8.5% of land carries a commercial or industrial designation.
Low Density Residential (R-1)
It is the intent of the this district to provide for the orderly development of single-family residential site-built or manufactured built homes, depending on covenants for the area
Market overview
Demographics & Economy
Paonia, CO has 3,635 residents in 2,150 households. Density runs 19 people per square mile. Median household income here is $76,964 and median gross rent $1,007 a month.
3,635
Population
2,150
Households
1.7
Avg Household Size
51
Median Age
39%
College-Educated
94%
High-School Grad
189.6 sq mi
ZIP Area
19
Density / Sq Mi
$76,964
Median Household Income
$51,050
Median Earnings
$1,007
Median Rent
$371,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Bowie | — | — |
| Somerset | — | — |
| Hotchkiss | — | — |
| Bear Mine | — | — |
Commercial property in Paonia, CO asks $497/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Paonia?
Commercial property in Paonia, CO asks an average of $497 per square foot. The 3 most recent recorded sales traded at a median of $223/SF, so asking sits 123% above the achieved median.
What zoning applies to commercial property in Paonia?
Paonia, CO zones 514 acres across 12 districts, of which 1.9% is commercial and 6.6% industrial. The largest single district is Low Density Residential at 42.2% of zoned land. It is the intent of the this district to provide for the orderly development of single-family residential site-built or manufactured built homes, depending on covenants for the area Residential zoning covers 64.9% and open space 14.9%.
Where does Realmo's Paonia market data come from?
Realmo compiles Paonia, CO figures from 6 recent recorded sales, 19 active sale listings, 115 tracked off-market properties, the current Paonia zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 19 active for-sale and 0 active for-lease listings in Paonia, 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: 514 zoned acres across 12 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
