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    Property profile & analytics

    198 Main St Limon, CO 80828-2130

    • Sports & entertainment properties
    • 2,860 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    $625,000
    Last Sale
    Dec 22, 2023
    $650,000
    Location Intelligence
    Property ID
    US13-1807674
    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

    • C-Store Cigarette Cartons / Store

    Property Details for 198 Main St

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.86 lot acres
    Property size
    2,860 SF
    Property type
    Sports & entertainment properties
    APN
    258516307002
    APU
    258516307002

    Description

    This exceptional investment opportunity presents a 48-unit tiny home village situated on a 3.44-acre lot in Limon, Colorado. The property, located at 198 Main St, Limon, CO 80828, boasts a total of 38,400 square feet of net rentable space housed within a single, one-story building constructed in 2019 and renovated the same year. Currently vacant, this Class C multifamily property offers significant value-add potential. The property features 48 pads, with 16 currently built out and 32 requiring completion. Each unit is designed for efficient living, targeting a growing market for affordable and sustainable housing. The property is zoned for commercial use and benefits from its convenient location off I-70, an area with high traffic volume. The asking price is $715,000, translating to $14,895 per unit. While the current NOI and Cap Rate are 0%, the property's strategic location and high unit count present a compelling opportunity for significant future income generation. The property's APN is 258516301001.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $600,000

    • CAP approach

      CAP return
      Estimation
      6%
      $730,000
      6.5%
      $715,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $600,000
      Geo Method
      $705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $690,000
      Retail
      $615,000
      Mixed-Use
      $760,000
      Hospitality
      $810,000
      Educational
      $815,000
      Residential Income
      $630,000
      Energy
      $815,000
      Income-Based Land
      $725,000
      Food Service
      $735,000

    Location Insight

    • Map
    • Local Demand
    City
    Limon
    County
    Lincoln
    State
    Colorado
    Longitude
    -103.674
    Latitude
    39.2632

    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
    $4,728
    $26,156
    $27,552
    $53,708
    -
    $93,750
    $98,751
    $192,501

    Comparable in this City

    • Value Estimation
      $205,000
      7,464 SF

      499 K Ave

      RECREATIONAL, ENTERTAINMENT • 7,464 SF
      499 K Ave, Limon, CO 80828
      View Details
    • Value Estimation by Request
      2,478 SF

      388 A Ave

      Industrial properties • 2,478 SF
      388 A Ave, Limon, CO 80828
      View Details
    • Value Estimation by Request
      1.96 Acres

      Limon, CO 80828

      MOBILE HOME PARK, TRAILER PARK • 1.96 Acres
      Limon, CO 80828
      View Details
    • Value Estimation by Request
      6.50 Acres

      Limon, CO 80828

      VACANT COMMERCIAL LAND • 6.50 Acres
      Limon, CO 80828
      View Details
    • Value Estimation by Request
      2.30 Acres

      Limon, CO 80828

      VACANT COMMERCIAL LAND • 2.30 Acres
      Limon, CO 80828
      View Details
    • Value Estimation by Request
      0.31 Acres

      Limon, CO 80828

      INDUSTRIAL - VACANT LAND • 0.31 Acres
      Limon, CO 80828
      View Details

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    198 Main St
    Limon, CO 80828-2130
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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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