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Property profile & analytics
OFF-MARKET
Commercial real estate

120 3rd St Victor, CO 80860-5017

2,926 SF 0.14 ac lot Built 1899
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US13-2742900
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1899
Construction FRAME
Total area 2,926 SF
Lot 0.14 ac (6,229 SF)
Zoning code VIC
APN 5003.322150300
UPID US13-2742900
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Qore LLC · 6 yrs held
Qore LLC
since 2020
Last sale
$295,000
6 recorded transactions
2020
$295,000
2011
$70,000
2005
$60,000
2004
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
VIC · Victor, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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