Auto Repair Garage with
1165 N Ellicott Hwy Calhan, CO 80808
1165 N Ellicott Hwy, Calhan, CO, 80808
Contact for pricing
For Sale
Contact for pricing
Attached high-ceiling auto repair metal building with overhead doors and a 4-bedroom home on 4.64 acres.
Property Size3,429 SF
Lot Size4.64 Acres
Price / SF$379.12
Days on Market65
Property Features for 1165 N Ellicott Hwy
General Information
- Standard status
- Active
- Size
- 3,429 SF
- Lot size
- 4.64 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1995
Listing agency
McGraw Realtors
(719) 231-3545
Listed by
Chuck Armstrong · License #FA01049625
Source
Crexi
Added: May 19 Updated: Jul 21 at 9:12PM Checked: Jul 21 at 9:12PM
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 McGraw Realtors
Investment Insights
Based on property information with market context.
This property combines a residence with a sizable automotive/workshop metal building. The home is attached to an approximately 4,500 square foot (75' x 60') garage/industrial structure with high ceilings and overhead doors sized 10' x 10' and 12' x 12'. A large multi-purpose room between the main house and garage has been used for functions including a music room, party room, church, office, and meeting room, and it includes a raised stage area; seating will remain with the home. There is also an unused bathroom in the garage that would need renovation, though water and sewer hookups are already in place. There are 5 outbuildings totaling about 2,500 square feet, along with extensive fenced corral area.
Commercial zoning has allowed the current owners to operate a full auto repair business. The home is set back more than 350 feet, and the seller describes road noise as minimal due to the distance and low traffic count. The property is about a half-mile north of the intersection of State Highway 94 and Ellicott Highway, with a gas station and convenience store and a Subway located at that intersection; additional shopping is described as roughly 20 miles away.
The home offers 4 bedrooms and 2 full baths, with radiant heat supported by propane and a newer boiler plus a newer metal roof. Kitchen and living room areas have fresh flooring, wood windows, and appliances that stay with the property.
Commercial zoning has allowed the current owners to operate a full auto repair business. The home is set back more than 350 feet, and the seller describes road noise as minimal due to the distance and low traffic count. The property is about a half-mile north of the intersection of State Highway 94 and Ellicott Highway, with a gas station and convenience store and a Subway located at that intersection; additional shopping is described as roughly 20 miles away.
The home offers 4 bedrooms and 2 full baths, with radiant heat supported by propane and a newer boiler plus a newer metal roof. Kitchen and living room areas have fresh flooring, wood windows, and appliances that stay with the property.
Key Highlights
- 3,429 SF home (4 bedrooms, 2 full baths) attached to a 4,500 SF metal garage/industrial building on 4.64 acres
- Garage features high ceilings and 10' x 10' and 12' x 12' overhead doors for automotive or workshop use
- Commercial zoning supports operation of a full auto repair business (current owners) at the property
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.7k | $21.48 |
| − Vacancy | −$3.6k | −$1.05 |
| EGI | $70.0k | $20.43 |
| − OpEx | −$21.0k | −$6.13 |
| NOI | $49.0k | $14.30 |
3,429 SF · lease $21.48/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$700.5K
$612.9K – $817.2K
NOI $49,032 @ 7.0% cap · market cap 3.77%
Second Best
Flex RnD
$352.5K
$308.4K – $411.2K
NOI $24,674 @ 7.0% cap · market cap 1.90%
Theoretical Best
Multifamily LT 5
$45.72M
$40.01M – $53.35M
NOI $3,200,731 @ 7.0% cap · market cap 246.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rainbow Classic Automotive
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Attached high-ceiling auto repair metal building with overhead doors and a 4-bedroom home on 4.64 acres.
Where is this flex space located?
The property is located at 1165 N Ellicott Hwy Calhan, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,429 SF home (4 bedrooms, 2 full baths) attached to a 4,500 SF metal garage/industrial building on 4.64 acres; Garage features high ceilings and 10' x 10' and 12' x 12' overhead doors for automotive or workshop use; Commercial zoning supports operation of a full auto repair business (current owners) at the property
