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Property profile & analytics
OFF-MARKET
Office Spaces

228 Comanche St Kiowa, CO 80117

2,091 SF 0.09 ac lot Built 1962
Individually Owned
Property ID
US13-2818050
Property summary
AI-generated overview

This exceptional 2,091 square foot office building, situated on a 0.09-acre lot at 228 Comanche Street in Kiowa, Colorado, presents a remarkable investment opportunity. Located in the county seat of Elbert County, this property benefits from a thriving community and significant upcoming infrastructure improvements, including a CDOT bridge upgrade and planned curb and gutter enhancements. The building itself boasts a complete remodel in 2011, encompassing new heating and air conditioning units. Further improvements include a new water line installed in 2021, and a new roof with new decking completed in 2023. The versatile layout features three separate entrances, three bathrooms, a walk-in freezer, and a walk-in safe, along with three distinct office areas and a breakroom. Its strategic location between two restaurants ensures high foot traffic, making it ideal for a variety of businesses. The property's adaptability allows for leasing to a single tenant or subdivision into up to three separate units. The scarcity of available lease spaces in Elbert County further underscores the investment potential. The seller is open to considering lease options for qualified buyers with substantial down payments and excellent credit. This is a rare chance to acquire a well-maintained, high-traffic commercial property in a growing Colorado community.

Property profile
Verified
Property type Office Spaces
Year built 1962
Total area 2,091 SF
Lot 0.09 ac (3,920 SF)
UPID US13-2818050
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
Current use
Occupant on record · Public records
  • Kiowa Police Department Police Department
  • Lifetime Properties Real Estate Agency
  • Deborah Ullom, Lifetime Properties Real Estate Agency
  • Danielle Ullom, Lifetime Properties Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Corey Basquez
Corey Basquez
since 2026
1 recorded transaction
2026
$460,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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