120 3rd St Victor, CO 80860-5017
This unique late 1800s remodeled ranch-style building presents a compelling investment opportunity in the historic town of Victor, Colorado. Currently configured as 50% commercial and 50% residential, the property offers versatile usage potential. The residential portion, currently operating as a successful short-term rental, features two bedrooms and one non-conforming bedroom, along with three bathrooms. The commercial space is presently utilized as a real estate office. The property boasts a low-maintenance fenced backyard with stamped concrete and artificial turf. Five off-street parking spaces are available in the alley, supplemented by 220V power for RV parking. Victor's vibrant community offers a wealth of outdoor recreational activities, including hiking, fishing, boating, ATV riding (Victor is ATV-friendly, and Teller County boasts over 500 miles of trails), and hunting. The town's rich history is evident in its preserved mines and mills, easily accessible by car or on foot. Seasonal attractions include stunning fall foliage and winter activities such as ice skating at a nearby free rink and ice fishing. Victor's proximity to Cripple Creek (five miles), with its casinos, restaurants, and shops, further enhances its appeal. The area also offers easy access to numerous attractions, including the Manitou Incline, river rafting opportunities, the Royal Gorge Bridge, Manitou Cliff Dwellings, Garden of the Gods, and Pikes Peak. Conveniently located an hour and fifteen minutes from Colorado Springs Airport, this property represents a rare blend of historical charm, recreational access, and commercial viability.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
VIC · Victor, COCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.