Retail Property on Santa
For Sale
Contact for pricing
410 N Santa Fe Ave, Fountain, CO 80817
Retail property for sale with two water taps.
Property Size1,201 SF
Price / SF$249.79
Days on Market1580
Property Features for 410 N Santa Fe Ave
General Information
Standard status
Active
Size
1,201 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Building Details
Tenancy
Single
Listing Agency:
Berkshire Hathaway | Synergy Realty Group
(719) 660-5223
Listed By:
Charles D'Alessio · License #CO 40034206
Source:
Crexi
Added: May 4, 2022
Changed: Aug 16
Last Checked: Aug 29 at 4:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway | Synergy Realty Group
Investment Insights
Based on property information with market context.
The property, with a size of 1201 square feet, is located on N Santa Fe Avenue. It is intended for retail use. The property will be sold together with the properties located at 404 and 408 N. Santa Fe Avenue, Fountain, CO 80817 as one lot. None of the properties shall be sold individually but may be marketed individually due to separate schedule numbers for sale unless otherwise agreed upon by the seller. The property has two water taps.
Key Highlights
- Sold as a lot with 404 and 408 N. Santa Fe Avenue.
- Two water taps included.
- All parcels to be sold together.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,173
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,460
$343.5K
Cap Rate 7%
$245,329
$245.3K
Cap Rate 9%
$190,811
$190.8K
Market Conditions
NOI Build-Up for 1,201 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.8K $21.48/SF
− Vacancy
−$1.3K −$1.05/SF
EGI
$24.5K $20.43/SF
− OpEx
−$7.4K −$6.13/SF
NOI
$17.2K $14.30/SF
Area
El Paso County, CO
Vacancy
4.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$343,460
Cap Rate 7%
$245,329
Cap Rate 9%
$190,811
Alternative Uses
Best Use
Retail
$245.3K
$214.7K – $286.2K
NOI $17,173 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.01M
$14.01M – $18.68M
NOI $1,121,049 @ 7.0% cap · market cap 373.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Hotels & Casinos 1%
Loaf 'N Jug
Shops & Services
19,891 visits/mo
0.3 miles
Conoco
Shops & Services
12,221 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,641 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,617 visits/mo
0.4 miles
Super 8 Fountain
Hotels & Casinos
366 visits/mo
0.5 miles
Demographics for 80817, CO
31,621
Population
11,649
Households
2.7
Avg Household Size
31
Median Age
32%
College-Educated
95%
High-School Grad
115.1 sq mi
ZIP Area
275
Density / Sq Mi
$85,121
Median Household Income
$50,434
Median Earnings
$1,758
Median Rent
$377,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail property for sale with two water taps.
Where is this retail space located?
The property is located at 410 N Santa Fe Ave Fountain, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Sold as a lot with 404 and 408 N. Santa Fe Avenue.; Two water taps included.; All parcels to be sold together.
