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    Existing Day Care Opportunity Title is generated by Realmo AI

    1820 Zebulon Drive, Colorado Springs, CO 80910

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    For Sale
    $800,000

    Day care center with business included for sale.

    Property size:
    4,714 SF
    Price / SF:
    $169/SF
    Added:
    May 5, 2025
    Days on Market:
    395
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1820 Zebulon Drive

    General Information

    Standard status
    Active
    Size
    4,714 SF

    Building Details

    Year Built
    1979

    We can help!

    Listing Contact
    BEN EYASU

    Listing agent BEN EYASU

    Listing office 303 REALTY

    Listing date May 5, 2025

    Source Corcoran

    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 303 REALTY

    HighLights

    • Existing Day Care Business Included: Purchase includes the real estate and the operating business for immediate income.
    • High Student Capacity and Occupancy: Licensed for 70 students with 60 currently enrolled.
    • Substantial Building and Lot Size: The 4,714 SF building sits on a 21,982 SF lot.
    • Proximity to Residential Neighborhoods and Schools: Located near Sierra High School, Carmel Middle School, and Pikes Peak Elementary School.
    • Convenient Location: Just 3.5 miles from downtown Colorado Springs.
    • Inclusion of Furniture, Fixtures, and Equipment (FFE): Sale includes all FFE.

    Overview

    This 4,714 square foot day care center is situated on a 21,982 square foot lot. Built in 1979, the property includes 12 parking spaces and is located approximately 3.5 miles southeast of downtown Colorado Springs, within a predominantly residential neighborhood. The surrounding area consists primarily of single-family homes, with some townhomes and apartments. The median household income within a one-mile radius is $41,249. The property is near the Sand Creek Library, Sierra High School, Carmel Middle School, and Pikes Peak Elementary School. The Leon Young Sports Complex is located less than a half mile away. The commercial profile of the area includes national tenants such as the United States Postal Service, AMC Classic theater, and Walmart. The building has a maximum capacity of 70 students, with a current enrollment of 60 students. The property is available for sale as real estate only or real estate plus the day care business, including all furniture, fixtures, and equipment. The 2024 taxes are $8,237. The building is in average condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kids Corner High School

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Monterey Elementary School — 2311 Monterey Rd, Colorado Springs, CO 80910
    • Little Tykes Learning Center — 1815 S Academy Blvd, Colorado Springs, CO 80910
    • Kids Corner — 1820 Zebulon Dr, Colorado Springs, CO 80910
    • The Lighthouse Early Care and Education — 1520 Verde Dr, Colorado Springs, CO 80910
    • Pikes Peak CPCD — Colorado Springs, CO 80910

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.761
    Latitude
    38.8064

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    FAQs

    What type of property is this?
    Day care center - Day care center with business included for sale.
    Where is this day care center located?
    The property is located at 1820 Zebulon Drive Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Existing Day Care Business Included: Purchase includes the real estate and the operating business for immediate income.; High Student Capacity and Occupancy: Licensed for 70 students with 60 currently enrolled.; Substantial Building and Lot Size: The 4,714 SF building sits on a 21,982 SF lot.
    We can help!
    Listing Contact
    BEN EYASU
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    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.

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