Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    366 2nd St Monument, CO 80132-7903
    Back to Search
    Property profile & analytics

    366 2nd St, Monument, CO 80132-7903

    View on Map
    • Strip malls
    • 6,648 SF
    • 0.73 lot acres
    Off-Market
    Last Sale Dec 20, 2022
    $1,620,000
    Property ID
    US13-1293528
    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.
    Value Estimations
    $1,605,000
    Show details
    Cap Rate Potential
    6.5%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 366 2nd St

    Year built
    1991
    Construction
    WOOD FRAME
    Lot size
    0.73 lot acres
    Zone code
    CC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    7115400037
    APU
    7115400037

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 23, 2024 — Porchlight Properties LLC — Deed · related $1.1M · 5star Bank
    Dec 20, 2022 $1,620,000 Porchlight Properties LLC Diversity Real Estate Partners LLC Special Warranty Deed $1.2M · Montegra Capital Resources Ltd
    May 7, 2021 — Diversity Real Estate Partners LLC — Deed · related $318k · Midwest Regional Bank
    Jun 27, 2017 $1,230,000 Diversity Ltd Pankratz Family Trust Warranty Deed $1M · Pankrtz Family Trust (pt)
    Apr 4, 2016 — Pankratz Family Living Trust Pankratz,richard A & Linda E Quit Claim Deed · related —
    Oct 4, 2004 — Pottery By Pankratz — Trustees Deed · related $245k · Peoples National Bank Monument

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,565,000
      ML approach
      $1,640,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,700,000
      6.5%
      $1,565,000
      7%
      $1,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,938,000
      Market price range: $879k - $2.87M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,840,000
      Current use
      COMMERCIAL (GENERAL)
      $2,250,000
      Change: +22% Conversion: Easy
      WAREHOUSE, STORAGE
      $2,155,000
      Change: +17% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,110,000
      Change: +15% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,800,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $1,615,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $1,565,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Monument
    County
    El Paso
    State
    Colorado
    Longitude
    -104.869
    Latitude
    39.0911
    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
    $21,838
    $72,900
    $242,380
    $315,280
    -
    $261,278
    $868,749
    $1,130,027

    Comparable in this City

    • Value Estimation
      $3,750,000
      36,549 SF

      1706 Lk Woodmoor Dr, Unit 1796

      SHOPPING CENTER, STRIP CENTER
      1706 Lk Woodmoor Dr, Monument, CO 80132-9215
      View Details
    • Value Estimation
      $1,805,000
      17,180 SF

      251 Frnt St

      SHOPPING CENTER, STRIP CENTER
      251 Frnt St, Monument, CO 80132-9164
      View Details
    • Value Estimation
      $1,580,000
      7,920 SF

      16064 Jackson Crk Pkwy

      SHOPPING CENTER, STRIP CENTER
      16064 Jackson Crk Pkwy, Monument, CO 80132-8657
      View Details
    • Value Estimation
      $12,210,000
      86,779 SF

      1012-1070 Baptist Rd

      SHOPPING CENTER, STRIP CENTER
      1012-1070 Baptist Rd, Monument, CO 80132
      View Details
    • Value Estimation
      $1,770,000
      9,520 SF

      15746 Jackson Crk Pkwy

      SHOPPING CENTER, STRIP CENTER
      15746 Jackson Crk Pkwy, Monument, CO 80132-7183
      View Details
    • Value Estimation by Request
      7,200 SF

      1777 Lk Woodmoor Dr, Unit 1793

      SHOPPING CENTER, STRIP CENTER
      1777 Lk Woodmoor Dr, Monument, CO 80132-9074
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Retail Center in Monument, Colorado

      New retail center with shops, pads, and land available.
      I-25 & Baptist Rd, Monument, CO 80132
      View Details
    • Contact for pricing
      49,320 SF

      Retail or Land Opportunity

      Retail property or land available for sale or lease.
      15854-16086 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      15854-16086 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing

      Retail Pad Sites For Sale

      Retail pad sites available for purchase.
      105 & I-25 Hwy, Monument, CO 80132
      View Details
    • Contact for pricing

      Downtown Monument Income-Producing Commercial Property

      Commercial property with two dwellings, offering flexibility and income potential.
      244 Washington St, Monument, CO 80132
      View Details
    • Contact for pricing
      2,488 SF

      Retail Building with Drive-Through

      2,488 SF retail building with rare drive-through in Monument.
      1430 Cipriani Loop, Monument, CO 80132
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,480 SF

      Retail Space in Monument Marketplace

      Stabilized strip center in premier retail shopping district.
      15932 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Colorado Springs

      Retail space available in established Colorado Springs neighborhood center.
      1070 W Baptist Rd, Colorado Springs, CO 80132
      View Details
    • Contact for pricing
      14,950 SF

      Retail Space in Monument, CO

      New retail development shadow-anchored by major retailers.
      16601 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      3,214 SF

      Safeway Anchored Retail Space

      Retail space in Safeway-anchored center with ample parking.
      556-590 Highway 105 W, Monument, CO 80132
      View Details
    • Contact for pricing
      550 SF

      Retail Space in Monument

      Retail space with high visibility and easy access.
      481 Highway 105 W, Colorado Springs, CO 80132
      View Details
    • Contact for pricing
      1,129 SF

      Retail Space in Jackson Creek

      Retail space available within the Village at Jackson Creek Development.
      16577 Cinematic Vw, Monument, CO 80132
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    366 2nd St
    Monument, CO 80132-7903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    366 2nd St, Monument, CO, 80132
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!