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Property profile

502 W Main St New Castle, CO 81647

FOR SALE
Commercial real estate
Property ID
US13-0857645
7,474 SF 0.11 ac lot Built 1898
Individually Owned Owner of record is an individual. 8-yr Hold Held for 8 years.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$85k
Assessed land$20k
Assessed improvement$65k
Effective rate6.23%

Value estimate

· Oct 2026
$300k
$270k – $330k
CAP approach$1.19M
NOI build-up
Gross scheduled income$174k
Vacancy & credit loss−$8k
Operating expenses−$75k
NOI · 6.30% cap applied$91k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$393/SF
County average, outlier-cleaned · 172 recorded sales of this use type
Observed band · Q1–Q3$230 – $617
Qualifying comparables3

Cap rate analysis

How does the asset earn?
6.30%
$91k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionGARFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.3
Realty agency15.1
Dental Office14.6

Location

502 W Main St New Castle, CO 81647
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
331 Main, New Castle, CO 81647 $650,000 Jan 2025 2,074 SF
126 4th, New Castle, CO 81647-5002 $395,000 Jun 2022 5,120 SF
6560 County Rd 335, New Castle, CO 81647-9690 $1,095,000 Dec 2021 4,016 SF
801 Castle Vly, New Castle, CO 81647-9441 $4,451,150 Oct 2021 2,774 SF
6080 County Rd 335, New Castle, CO 81647-9504 $1,600,000 Aug 2021 10,000 SF
345 County Rd 262, New Castle, CO 81647 $1,565,000 Aug 2020 3,150 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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