Freestanding Retail
For Sale
$350,000
110 N Center Street, Woodland Park, CO 80863
Commercial, Woodland Park, CO
Property Size805 SF
Lot Size0.09 Acres
Price / SF$434.78
Days on Market48
Property Features for 110 N Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6414
Amenities
welcoming reception/lobby
spacious main work area
additional workspace
storage room
rear break room
fully fenced backyard with low-maintenance artificial turf
Building Details
Year built
1950
Listing Agency:
Better Homes and Gardens Real Estate Kenney & Company
(719) 550-1515
Listed By:
Austin Pollock GRI
(719) 208-5515
Added: Jul 28
Changed: Sep 2
Last Checked: Sep 13 at 7:06PM
MLS# 6909263
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 805-square-foot freestanding retail property was built in 1950 and has a practical interior arrangement for a range of commercial operations. The floor plan includes a reception area, primary workroom, secondary workspace, storage room, and rear break room. CBD zoning supports office, retail, spa, daycare, and other service-oriented uses identified for the property.
The site is at 110 N Center Street in downtown Woodland Park, with parking, a fully enclosed rear yard, and artificial turf requiring minimal maintenance. The property is currently occupied by a pet salon that has operated since 1998; the operating business is offered separately.
The site is at 110 N Center Street in downtown Woodland Park, with parking, a fully enclosed rear yard, and artificial turf requiring minimal maintenance. The property is currently occupied by a pet salon that has operated since 1998; the operating business is offered separately.
Key Highlights
- 805‑square‑foot freestanding building
- CBD zoning supports office, retail, spa, daycare, and service uses
- Interior includes reception, work areas, storage, and a 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
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
980
Businesses Nearby
144k
Monthly Visits Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - CBD-zoned property with reception, work areas, storage, and a fenced rear yard.
Where is this retail space located?
The property is located at 110 N Center Street 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‑square‑foot freestanding building; CBD zoning supports office, retail, spa, daycare, and service uses; Interior includes reception, work areas, storage, and a rear break room
