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    Property profile & analytics

    14575 State Hwy 115 Penrose, CO 81240-8908

    • Retail space
    • 7,200 SF
    • 2.05 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US13-0745618
    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 14575 State Hwy 115

    Year built
    2000
    Lot size
    2.05 lot acres
    Property size
    7,200 SF
    Property type
    Retail space
    APN
    99704366
    APU
    99704366

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.033
    Latitude
    38.4237
    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
    $14,772
    $0.00
    $0.00
    $205,271
    -
    $0.00
    $0.00
    $735,738

    Comparable in this City

    • Value Estimation by Request
      2,600 SF

      311 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 2,600 SF
      311 Broadway, Penrose, CO 81240-9011
      View Details
    • Value Estimation
      $650,000
      1,500 SF

      1215 9th St

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      1215 9th St, Penrose, CO 81240-9605
      View Details
    • Value Estimation
      $150,000
      1,344 SF

      302 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 1,344 SF
      302 Broadway, Penrose, CO 81240-9011
      View Details
    • Value Estimation by Request
      512 SF

      400 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 512 SF
      400 Broadway, Penrose, CO 81240-9025
      View Details
    • Value Estimation by Request
      9,350 SF

      895 Marilyn Dr

      RETAIL STORES (PERSONAL SERVICES) • 9,350 SF
      895 Marilyn Dr, Penrose, CO 81240-9343
      View Details
    • Value Estimation by Request
      288 SF

      404 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 288 SF
      404 Broadway, Penrose, CO 81240-9025
      View Details

    Similar Nearby for Sale

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      Penrose Commercial Opportunity on Highway

      Established commercial property with highway frontage and multiple buildings.
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    14575 State Hwy 115
    Penrose, CO 81240-8908
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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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