Free-Standing Storefront
For Sale
$350,000
110 N Center St, Woodland Park, CO 80863
CBD-zoned commercial property with flexible interior space, rear support areas, parking, and a fenced artificial-turf yard.
Property Size850 SF
Price / SF$434.78
Days on Market29
Property Features for 110 N Center St
General Information
Standard status
Active
Size
850 SF
Property subtype
Commercial
Zoning
CBD
Taxes and HOA fees
Annual Taxes
$6,414
Amenities
reception/lobby
spacious main work area
additional workspace
storage room
rear break room
fully fenced backyard with low-maintenance artificial turf
Building Details
Building Size
850 SF
Year Built
1950
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
BETTER HOMES & GARDENS REAL ESTATE - KENNEY & CO.
(719) 280-6733
Listed By:
Jacob Graber
(719) 280-6733
Source:
Elliman
Added: Aug 2
Changed: Aug 29
Last Checked: Aug 29 at 7:52PM
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 BETTER HOMES & GARDENS REAL ESTATE - KENNEY & CO.
Investment Insights
Based on property information with market context.
This free-standing commercial building contains 805 square feet arranged with a reception and lobby area, a primary workroom, an additional workspace, storage, and a rear break room. The property was built in 1950 and includes a fenced backyard finished with low-maintenance artificial turf, along with on-site parking. A pet salon currently occupies the building, and the established business may be acquired separately.
Located at 110 N Center St in downtown Woodland Park, the property carries CBD zoning and is positioned among local businesses with views toward Pikes Peak. The listed walk score is 55 and the bike score is 26. The configuration supports office, retail, spa, daycare, and other service-oriented commercial uses identified for the property.
Located at 110 N Center St in downtown Woodland Park, the property carries CBD zoning and is positioned among local businesses with views toward Pikes Peak. The listed walk score is 55 and the bike score is 26. The configuration supports office, retail, spa, daycare, and other service-oriented commercial uses identified for the property.
Key Highlights
- 805 SF free‑standing building
- CBD zoning supports office, retail, spa, daycare, and other service‑based uses
- Reception/lobby, main work area, additional workspace, storage, and rear break room
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
$11,394
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
3.26%
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%
$227,880
$227.9K
Cap Rate 7%
$162,771
$162.8K
Cap Rate 9%
$126,600
$126.6K
Market Conditions
NOI Build-Up for 805 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
$17.1K $21.24/SF
− Vacancy
−$821 −$1.02/SF
EGI
$16.3K $20.22/SF
− OpEx
−$4.9K −$6.07/SF
NOI
$11.4K $14.15/SF
Area
Teller County, CO
Vacancy
4.80%
Lease Rate
$21.24 /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%
$227,880
Cap Rate 7%
$162,771
Cap Rate 9%
$126,600
Alternative Uses
Best Use
Retail
$162.8K
$142.4K – $189.9K
NOI $11,394 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$205.8K
$180.0K – $240.1K
NOI $14,403 @ 7.0% cap · market cap 4.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
144k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 40%
Groceries 14%
Home Improvements & Furnishings 1%
City Market
Groceries
20,191 visits/mo
0.4 miles
Loaf 'N Jug
Shops & Services
17,656 visits/mo
0.2 miles
Wendy's
Dining
16,006 visits/mo
0.4 miles
Valero Energy
Shops & Services
11,561 visits/mo
0.3 miles
SONIC Drive In
Dining
10,692 visits/mo
0.4 miles
Demographics for 80863, CO
12,738
Population
5,734
Households
2.2
Avg Household Size
49
Median Age
42%
College-Educated
97%
High-School Grad
173.4 sq mi
ZIP Area
73
Density / Sq Mi
$100,011
Median Household Income
$49,333
Median Earnings
$1,960
Median Rent
$503,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- yes dear florals — 180 CO-67 Unit G, Woodland Park, CO 80863
- Wood Rose USA — 1111 W Midland Ave, Woodland Park, CO 80863
Frequently Asked Questions
What type of property is this?
Storefront property - CBD-zoned commercial property with flexible interior space, rear support areas, parking, and a fenced artificial-turf yard.
Where is this storefront property located?
The property is located at 110 N Center St Woodland Park, CO.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 805 SF free‑standing building; CBD zoning supports office, retail, spa, daycare, and other service‑based uses; Reception/lobby, main work area, additional workspace, storage, and rear break room
