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    Property profile & analytics

    244 Washington St Monument, CO 80132

    • Office buildings
    • 1,324 SF
    • 0.18 lot acres
    For Sale
    View listing
    $636,500
    Value Estimation
    Last Sale
    May 25, 2025
    $625,000
    Location Intelligence
    Property ID
    US13-2804785
    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

    • Office buildings

    Property Details for 244 Washington St

    Year built
    1915
    Construction
    WOOD FRAME
    Lot size
    0.18 lot acres
    Property size
    1,324 SF
    Zone code
    DB
    Property type
    Office buildings
    APN
    7115403020
    APU
    7115403020

    Description

    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.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monument
    County
    El Paso
    State
    Colorado
    Longitude
    -104.872
    Latitude
    39.0922
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    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
    $9,700
    $16,200
    $128,490
    $144,690
    -
    $58,075
    $460,541
    $518,616

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    244 Washington St
    Monument, CO 80132
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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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