Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    608 Main St Walsenburg, CO 81089
    Property profile & analytics

    608 Main St Walsenburg, CO 81089

    View on Map
    • Commercial real estate
    • 4,106 SF
    • 0.06 lot acres
    For Sale
    $325,000
    View Listing →
    Downtown Walsenburg Commercial Gem For Sale
    $325,000
    3,297 SF

    Downtown Walsenburg Commercial Gem

    Historic building, live/work space, updated

    Farisita, CO 81089
    View Listing
    Property ID
    US13-2124087
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 608 Main St

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    4,106 SF
    Property type
    Commercial real estate
    APN
    183381
    APU
    183381

    Description

    This stunning 3,297 square foot commercial property, located at 608 Main Street in the heart of Walsenburg, CO's downtown business district, presents a unique live-work opportunity. The historic building boasts 12-foot ceilings adorned with tin and ceiling fans, beautiful wood floors, and captivating display windows facing Main Street. Its prime location places it at the center of Walsenburg's revitalization efforts, offering proximity to Miner's Plaza (host to outdoor concerts and events), restaurants, museums, a gym, and a theatre. Recent upgrades include a completely renovated bathroom, a new kitchen addition, updated electrical and plumbing systems (including a new hot water heater and backflow preventer), and a new roof installed in 2022. The versatile interior space includes a work area equipped with a utility sink, a separate office or additional workspace with laundry hookups (separated by French doors), an upstairs loft, private living quarters, a kitchen, and a 3/4 bathroom. A large unfinished basement provides ample storage. Off-street parking is conveniently located at the rear of the building. This meticulously designed and thoughtfully finished property offers an exceptional chance to establish and grow your business while enjoying the vibrant downtown lifestyle. Priced at $325,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Walsenburg
    County
    Huerfano
    State
    Colorado
    Longitude
    -105.009
    Latitude
    37.5043

    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
    $349
    $526
    $3,510
    $4,036
    -
    $2,359
    $46,044
    $48,403

    Comparable in this City

    • Value Estimation by Request
      2,452 SF

      618-620 Main St

      Commercial real estate • 2,452 SF
      618-620 Main St, Walsenburg, CO 81089
      View Details
    • Value Estimation by Request

      Hwy 85-87

      COMMERCIAL (GENERAL)
      Hwy 85-87, Walsenburg, CO 81089
      View Details
    • Value Estimation by Request
      5,280 SF

      623 Main St

      COMMERCIAL (GENERAL) • 5,280 SF
      623 Main St, Walsenburg, CO 81089-2135
      View Details
    • Value Estimation by Request
      4,844 SF

      212 Main St, Unit 214

      COMMERCIAL (GENERAL) • 4,844 SF
      212 Main St, Walsenburg, CO 81089-1841
      View Details
    • Value Estimation by Request
      1,088 SF

      624 Main St, Unit 626

      COMMERCIAL (GENERAL) • 1,088 SF
      624 Main St, Walsenburg, CO 81089-2136
      View Details
    • Value Estimation by Request
      1,172 SF

      101 Walsen Ave

      COMMERCIAL (GENERAL) • 1,172 SF
      101 Walsen Ave, Walsenburg, CO 81089-1441
      View Details

    Similar Nearby for Sale

    • $249,000
      2,452 SF

      Walsenburg Commercial Property - High Traffic

      Prime Main Street location, high visibility, renovation potential.
      618-620 Main St, Walsenburg, CO 81089
      View Details
    • $425,000
      5,185 SF

      Walsenburg Commercial Property - Huge Potential

      Prime Walsenburg location, large shop, ample land.
      925 Main St, Walsenburg, CO 81089
      View Details
    • $325,000
      3,297 SF

      Downtown Walsenburg Commercial Gem

      Historic building, live/work space, updated
      608 Main St, Walsenburg, CO 81089
      View Details
    • $1,250,000
      3,056 SF

      Walsenburg, CO: 42-Acre Estate

      Mountain Views, Multi-Use Potential, Huge Shop
      16949 Co-69, Walsenburg, CO 81089
      View Details
    • $499,000
      9,680 SF

      Walsenburg Commercial Building - Main St

      High-visibility Main Street commercial space. Great rental income potential.
      714 Main St, Walsenburg, CO 81089
      View Details
    • $299,000
      2,260 SF

      Walsenburg Commercial Gem, Main Street

      Two-door commercial building, prime location.
      509 Main St, Walsenburg, CO 81089
      View Details
    View Listing
    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.
    608 Main St
    Walsenburg, CO 81089
    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
    608 Main St, Walsenburg, CO, 81089
    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!