Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    550 8th St Penrose, CO 81240-9351

    • Auto shops
    • 1,440 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US13-1244035
    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

    • Auto shops

    Property Details for 550 8th St

    Year built
    1986
    Property size
    1,440 SF
    Property type
    Auto shops
    APN
    99927162
    APU
    99927162

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Penrose
    County
    Fremont
    State
    Colorado
    Longitude
    -105.026
    Latitude
    38.4271
    CBSA code
    15860
    CBSA name
    CANON CITY, CO MICROPOLITAN 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
    $750
    $0.00
    $0.00
    $10,420
    -
    $0.00
    $0.00
    $48,688

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      45 10th St

      AUTO REPAIR, GARAGE • 2,400 SF
      45 10th St, Penrose, CO 81240-9321
      View Details
    • Value Estimation by Request
      4,392 SF

      207 Broadway

      AUTO REPAIR, GARAGE • 4,392 SF
      207 Broadway, Penrose, CO 81240-9009
      View Details
    • Value Estimation by Request
      1,560 SF

      6256 State Hwy 120

      AUTO REPAIR, GARAGE • 1,560 SF
      6256 State Hwy 120, Penrose, CO 81240-9437
      View Details
    • Value Estimation by Request
      4,808 SF

      130 3rd St

      AUTO REPAIR, GARAGE • 4,808 SF
      130 3rd St, Penrose, CO 81240-9106
      View Details
    • Value Estimation by Request
      12,800 SF

      14690 State Hwy 115

      AUTO REPAIR, GARAGE • 12,800 SF
      14690 State Hwy 115, Penrose, CO 81240-8907
      View Details
    • Value Estimation by Request
      2,400 SF

      531 8th St

      AUTO REPAIR, GARAGE • 2,400 SF
      531 8th St, Penrose, CO 81240-9351
      View Details

    Similar Nearby for Sale

    • $250,000
      1,150 SF

      Penrose Business District Multi-Use Lots

      Four lots with income potential in Penrose's Business District.
      406 Broadway, Penrose, CO 81240
      View Details
    • $795,000
      8.49 Acres

      Penrose Commercial Property on Highway

      Commercial property with restaurant, home, and shop on Highway.
      15560 Hwy, Penrose, CO 81240
      View Details
    • $325,000

      Versatile Commercial Building with Kitchen

      Well-maintained commercial property with a fully equipped kitchen area.
      880 Marilyn Dr, Penrose, CO 81240
      View Details
    • $1,250,000
      8,660 SF

      Historic Building with Unique Features

      Landmark building with high ceilings, wood beams, and brick.
      708 Fremont St, Penrose, CO 81240
      View Details
    • $795,000
      2,982 SF

      Penrose Commercial Opportunity on Highway

      Established commercial property with highway frontage and multiple buildings.
      15560 Hwy, Penrose, CO 81240
      View Details
    • $1,250,000
      9.82 Acres

      Historic Building with Landmark Features

      Unique commercial property with historical significance and development potential.
      708 Fremont St, Penrose, CO 81240
      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.
    550 8th St
    Penrose, CO 81240-9351
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.