Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    215-217 7Th St Walsenburg, CO 81089
    Property profile & analytics

    215-217 7Th St, Walsenburg, CO 81089

    View on Map
    • Warehouses
    • 9,506 SF
    • 0.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 215-217 7Th St

    Year built
    1882
    Lot size
    0.60 lot acres
    Property type
    Warehouses
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional commercial property, located at 215-217 W 7th St in Walsenburg, Colorado, presents a unique investment opportunity. Boasting a substantial 9,506 square feet on a 0.6-acre lot (APN 28680, 36679), this property offers significant development potential. The existing structures, a former feed store and a newer steel building, may be repurposable, though the true value lies in the land itself. Situated on W 7th Street/US Hwy 160, this highly visible location benefits from an estimated annual vehicle traffic count exceeding 2.7 million, placing it near national retailers, gas stations, and grocery stores. The Community Commercial zoning permits mixed-use development, catering to the high demand for housing, hotels, and short-term rentals in this thriving area. Walsenburg's strategic position at the crossroads of I-25, US Hwy 160, and State Highways 10 and 69 creates a diverse trade area encompassing commercial, commuter, and tourism traffic. Built in 1882, the single-story property offers significant flexibility for redevelopment. This is an ideal location for investors seeking to capitalize on the growing demand in Southern Colorado's affordable market. The property is currently undergoing cleanup. Asking price is $299,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Walsenburg
    County
    Huerfano
    State
    Colorado
    Longitude
    -104.782
    Latitude
    37.6218

    Comparable in this City

    • Value Estimation by Request
      58,225 SF

      301 301B Ray Sandoval Rd

      Distribution properties
      301 301B Ray Sandoval Rd, Walsenburg, CO 81089
      View Details
    • Value Estimation by Request
      87,400 SF

      23054 Us-160

      Distribution properties
      23054 Us-160, Walsenburg, CO 81089
      View Details
    • Value Estimation by Request
      8,362 SF

      138 7Th St

      Medical Office Space
      138 7Th St, Walsenburg, CO 81089
      View Details
    • Value Estimation by Request
      2.83 Acres

      25462 Us-160

      Individual retail properties
      25462 Us-160, Walsenburg, CO 81089
      View Details
    • Value Estimation by Request
      1.87 Acres

      Hwy 160

      WAREHOUSE, STORAGE
      Hwy 160, Walsenburg, CO 81089
      View Details
    • Value Estimation by Request
      4,556 SF

      116 4th St

      WAREHOUSE, STORAGE
      116 4th St, Walsenburg, CO 81089
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,360 SF

      Walsenburg Warehouse/Office Near I-25

      Commercial warehouse/office located off I-25 in Walsenburg, Colorado.
      14088 Interstate 25, Walsenburg, CO 81089
      View Details
    • $299,000
      2,260 SF

      511 Main St, Walsenburg, CO 81089

      Industrial properties
      511 Main St, Walsenburg, CO 81089
      View Details
    • Contact for pricing
      8,362 SF

      Historic Walsenburg Commercial Property For Sale

      Income-producing commercial property with high visibility and traffic.
      134-138 W 7Th St, Walsenburg, CO 81089
      View Details
    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.
    215-217 7Th St
    Walsenburg, CO 81089
    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
    215-217 7Th St, Walsenburg, CO, 81089
    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!