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    Property profile & analytics

    114 Main St Florence, CO 81226

    • Retail space
    • 2,000 SF
    • 0.08 lot acres
    For Sale
    View listing
    $329,900
    Value Estimation
    Last Sale
    Feb 01, 2025
    $140,000
    Location Intelligence
    Property ID
    US13-0089636
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 114 Main St

    Year built
    1900
    Lot size
    0.08 lot acres
    Property size
    2,000 SF
    Property type
    Retail space
    APN
    61006820
    APU
    61006820

    Description

    This exceptional 2,000 square foot commercial property, located at 114 E Main St in Florence, CO, presents a unique investment opportunity. Situated on a 0.08-acre lot, this established bar and restaurant boasts a remarkable 22% cap rate, attracting significant traffic due to its prime location in Colorado's Antique Capital. The business enjoys high visibility and caters to a diverse clientele of all ages, further enhanced by regular live entertainment. The current owner is willing to provide comprehensive training, ensuring a smooth transition for the new owner. The property has been meticulously maintained and features numerous upgrades, including a new TPO roof, 5-inch steel commercial gutters, updated plumbing, a state-of-the-art POS system, Defender security cameras, an 8-foot stainless steel commercial hood, and an NFPA-certified fire suppression system. The well-equipped kitchen includes two coffin coolers, three refrigerators, a coffee maker, five freezers, and two fryers. The establishment offers ample seating, accommodating 70 indoors and 40 on the rear patio, furnished with metal outdoor furniture. Seven wall-mounted smart TVs add to the ambiance. Zoning allows for various uses, including business support services, sales/rental shops, financial institutions, membership clubs, and personal services such as barber shops. This turnkey operation is ready for immediate success. Priced at $329,900.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $195,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $185,000
      Retail
      $165,000
      Mixed-Use
      $190,000
      Hospitality
      $185,000
      Educational
      $215,000
      Residential Income
      $175,000
      Energy
      $200,000
      Income-Based Land
      $155,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Fremont
    State
    Colorado
    Longitude
    -105.117
    Latitude
    38.3895
    CBSA code
    15860
    CBSA name
    CANON CITY, CO MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,938
    $0.00
    $0.00
    $50,200
    -
    $0.00
    $0.00
    $179,929

    Comparable in this City

    • Value Estimation by Request
      3,500 SF

      132 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      132 Main St, Florence, CO 81226-1422
      View Details
    • Value Estimation by Request
      1,711 SF

      132 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,711 SF
      132 Main St, Florence, CO 81226-1529
      View Details
    • Value Estimation
      $145,000
      1,250 SF

      118 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      118 Main St, Florence, CO 81226-1529
      View Details
    • Value Estimation by Request
      5,500 SF

      103 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,500 SF
      103 Main St, Florence, CO 81226-1421
      View Details
    • Value Estimation by Request
      1,531 SF

      215 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,531 SF
      215 Main St, Florence, CO 81226-1423
      View Details
    • Value Estimation by Request
      4,132 SF

      130 Church Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,132 SF
      130 Church Ave, Florence, CO 81226-1412
      View Details

    Similar Nearby for Sale

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    114 Main St
    Florence, CO 81226
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    Realmo Value Estimation

    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.

    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.

    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
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