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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    231 Main St Trinidad, CO 81082-2619

    • Residential income homes
    • 4,900 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1665745
    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

    • Residential income homes

    Property Details for 231 Main St

    Year built
    1905
    Lot size
    0.30 lot acres
    Property size
    4,900 SF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    130 18 010
    APU
    13018010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $275,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Trinidad
    County
    Las Animas
    State
    Colorado
    Longitude
    -104.507
    Latitude
    37.1682

    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
    $1,522
    $3,910
    $25,240
    $29,150
    -
    $14,000
    $90,468
    $104,468

    Comparable in this City

    • Value Estimation
      $335,000
      16,352 SF

      1924 Freedom Rd

      BOARDING/ROOMING HOUSE • 16,352 SF
      1924 Freedom Rd, Trinidad, CO 81082-4001
      View Details
    • Value Estimation
      $280,000
      19,777 SF

      9800 Santa Fe Trl

      BOARDING/ROOMING HOUSE • 19,777 SF
      9800 Santa Fe Trl, Trinidad, CO 81082-9717
      View Details
    • Value Estimation
      $230,000
      5,696 SF

      516 Main St

      BOARDING/ROOMING HOUSE • 5,696 SF
      516 Main St, Trinidad, CO 81082-2717
      View Details
    • Value Estimation
      $1,385,000
      8,890 SF

      815 Goddard Ave

      BOARDING/ROOMING HOUSE • 8,890 SF
      815 Goddard Ave, Trinidad, CO 81082-1820
      View Details
    • Value Estimation
      $450,000
      35,574 SF

      111 Commercial St

      BOARDING/ROOMING HOUSE • 35,574 SF
      111 Commercial St, Trinidad, CO 81082-2608
      View Details
    • Value Estimation
      $760,000
      37,250 SF

      900 Adams St

      BOARDING/ROOMING HOUSE • 37,250 SF
      900 Adams St, Trinidad, CO 81082-3616
      View Details

    Similar Nearby for Sale

    • $750,000
      6,912 SF

      town of Trinidad? Note: This building has been taken great care of and been 100% occupied since that the last Owners bought this over 26+years ago. You'll also want to hear about how Trinidad is experiencing a housing shortage due to the influx of people moving here! So if you're wondering what all of the fuss is about

      feel free to reach out to the listing agent anytime to learn more. He'll fill you in on all of the things that are making this town such an intelligent place to start
      1108 7Th St, Trinidad, CO 81082
      View Details
    • $300,000

      Historic Trinidad Brownstone Revival Opportunity

      Eight-unit brownstone in Trinidad, CO, ready for completion.
      609 Arizona Ave, Trinidad, CO 81082
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    • $300,000
      0.26 Acres

      Historic Trinidad Brownstone: 8 Units

      8-unit brownstone in Trinidad, CO ready for completion.
      609 Arizona Ave, Trinidad, CO 81082
      View Details
    • $3,200,000
      26,000 SF

      Trinidad Multifamily Investment

      24-Unit Apartment Complex, 7% Cap Rate
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      View Details
    • $300,000
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      Historic Trinidad Mixed-Use Opportunity

      Mixed-use building in historic Trinidad, Colorado, with retail and multifamily potential.
      101 Pine St, Trinidad, CO 81082
      View Details
    • $1,200,000
      5,300 SF

      Historic Trinidad Mixed-Use Property

      Prime Southern Colorado location, established businesses.
      341 Commercial St, Trinidad, CO 81082
      View Details

    Similar Nearby for Lease

    • $60 SF/Yr
      217,800 SF

      Trinidad Industrial Yard - 5 Acres

      I-25 Frontage, Enterprise Zone, Flexible Lease
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      View Details
    • New
      Contact for pricing

      Historic Downtown Trinidad Office Suites

      Restored office suites in historic downtown Trinidad building for lease.
      125 N Commercial St, Trinidad, CO 81082
      View Details
    • $500 /Mo

      Renovated Commercial Space in Trinidad

      Fully renovated commercial space with versatile rooms and modern amenities.
      323 N Commercial St, Trinidad, CO 81082
      View Details
    • $7 SF/Yr
      28,000 SF

      Trinidad Educational Facility

      Move-in ready, 14,000 SF, ideal for youth services.
      1021 Pierce St, Trinidad, CO 81082
      View Details
    • $7,150 /Mo
      26,572 SF

      Renovated Commercial Space, Trinidad, CO

      Fully renovated commercial space in downtown Trinidad, ready for your business.
      323 N Commercial St, Trinidad, CO 81082
      View Details
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    231 Main St
    Trinidad, CO 81082-2619
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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