Technical
Financial
Distress signals
Property profile

2401 Main St Cañon City, CO 81212

OFF-MARKET
Retail properties & Spaces
2.4 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 2.4-acre multi-tenant property located at 2401 & 2485 E. Main St, Cañon City, CO 81212 (APN: 2401 = 12000440 / 2485 = 12000450). The property encompasses a thriving 17-unit mobile home park, including one single-family home and one duplex, plus four storage sheds. Recent improvements include road resurfacing, two mobile home renovations, landscaping enhancements, and over $10,000 in waterline and sewer line upgrades. The property benefits from on-site property management and presents significant value-add potential. Several vacant spaces allow for the addition of new mobile home units, while one unit is ready for complete replacement. Two additional vacant land areas offer further development opportunities. The property boasts a strong financial performance, with a current Net Operating Income (NOI) of $118,075 and an attractive capitalization rate of 8.14%. This well-maintained property offers a compelling investment opportunity in a desirable location. The asking price is $1,450,000. Financial statements are available upon request.

Property profile

Verified
Property type Retail properties & Spaces
Lot 2.4 ac (104,544 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2401 Main St Cañon City, CO 81212
Cañon City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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