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Property profile & analytics
FOR SALE
Office buildings

244 Washington St Monument, CO 80132

1,324 SF 0.18 ac lot Built 1915
Individually Owned Free & Clear
Property ID
US13-2804785
Property summary
AI-generated overview

This exceptional Monument, Colorado commercial property, located at 244 N Washington St, 80132, presents a unique investment opportunity. Priced at $675,000, this multi-tenant building boasts a total of 2,000 square feet and is currently 100% occupied, generating immediate income. The property features a blend of historic and modern elements, encompassing two distinct structures. The older section, built between 1915 and 1990, offers three executive offices, a kitchen/breakroom, restrooms, and a waiting/reception area. On-site parking is available for added convenience. The newer addition, also built between 1915 and 1990, includes a spacious loft, kitchen, and living room area, providing versatile space for various uses. The property is zoned for business use, ensuring flexibility for a range of commercial ventures. This prime location in El Paso County offers excellent visibility and accessibility. The Net Net Net (NNN) lease structure provides a straightforward and efficient ownership model. This is an ideal investment for those seeking a well-maintained, income-producing property with significant potential for future growth in a thriving Colorado community. The property's combination of historic character and modern functionality makes it a truly unique offering.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1915
Construction WOOD FRAME
Total area 1,324 SF
Lot 0.18 ac (7,692 SF)
Zoning code DB
APN 7115403020
UPID US13-2804785
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Roy J Mckiniey
Roy J Mckiniey
since 2025
Last sale
$625,000
7 recorded transactions
2025
Price N/A
2025
$625,000
2024
Price N/A
2019
Price N/A
2004
$275,000
2001
$180,000
1969
Price N/A
Zoning & alternative use
DB · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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