228 Comanche St Kiowa, CO 80117
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.
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Kiowa Police Department Police Department
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Lifetime Properties Real Estate Agency
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Deborah Ullom, Lifetime Properties Real Estate Agency
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Danielle Ullom, Lifetime Properties Real Estate Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & 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.