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Mixed-Use Property with Auto Shop

307 N Santa Fe Avenue Fountain, CO 80817

307 N Santa Fe Avenue, Fountain, CO, 80817
$480,000
For Sale
Claim this Listing
$480,000

Versatile property featuring an auto repair shop and residential building.

Property Size2,064 SF
Price / SF$232.56
AddedMay 1, 2025
Days on Market441
Last RefreshJul 14 at 5:26 pm

Property Features for 307 N Santa Fe Avenue

General Information

Standard status
Active
Size
2,064 SF

Building Details

Year Built
1954

Listing office BERKSHIRE HATHAWAY HOMESERVICES SYNERGY REALTY GROUP

Listing date May 1, 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 BERKSHIRE HATHAWAY HOMESERVICES SYNERGY REALTY GROUP


Investment Insights

Based on property information with market context.

This mixed-use property, situated on a 14,000-square-foot lot, includes two buildings suitable for commercial and residential purposes. The primary structure is a 1,200-square-foot auto repair shop equipped with a metal roof, natural gas service, and insulated walls and ceiling. The shop features a 12-foot ceiling height, a 10-foot overhead door, an 8x15 side door, and an additional 8-foot entry, along with service doors at the front and rear. Inside, it contains a private bathroom, a 200-amp electrical panel, and a grease interceptor. Updated sewer and water lines ensure modern functionality. The shop includes three hydraulic lifts—one inside and two in the rear service yard. A detached shed provides additional storage. The second building, an 864-square-foot structure, is currently a single-family residence with one bedroom, a kitchen with tile flooring, a half bath with a separate shower area, and its own storage shed. Zoning regulations allow for conversion of this building to commercial use, offering flexibility for business expansion, rental income, or owner-occupancy with a commercial component. Ample onsite parking and space for storage or equipment make this property suitable for owner-users or investors seeking a versatile asset with strong infrastructure and zoning adaptability.

Key Highlights

  • Mixed‑use property featuring a commercial building (auto repair shop) and a residential building on a spacious 14,000 sq ft lot.
  • Auto repair shop is equipped with three hydraulic lifts, including one inside and two in the rear service yard.
  • Residential building offers conversion potential to commercial use, aligning with existing zoning regulations.

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 $44.3k $21.48
− Vacancy −$2.2k −$1.05
EGI $42.2k $20.43
− OpEx −$12.6k −$6.13
NOI $29.5k $14.30
2,064 SF · lease $21.48/SF/yr · vacancy 4.90% · expense 30.00%

Alternative Uses

Best Use
Apartment 5plus
$24.47M
$21.42M – $28.55M (±1% cap)
NOI $1,713,230 @ 7.0% cap · market cap 356.92%
Second Best
Retail
$421.6K
$368.9K – $491.9K (±1% cap)
NOI $29,514 @ 7.0% cap · market cap 6.15%
Theoretical Best
Multifamily LT 5
$27.52M
$24.08M – $32.11M (±1% cap)
NOI $1,926,599 @ 7.0% cap · market cap 401.37%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Affordable Truck And Auto ... Auto Repair Shop

Suggested Use

Law Firm Real Estate Agency Dental Office Pharmacy Nail Salon Hair Salon HVAC Service Building Supply Restaurant Furniture & Home Goods

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

Similar Off Market Nearby

  • Affordable Truck And Auto Repa — 307 N Santa Fe Ave, Fountain, CO 80817
  • Mobile Oil Change Service — 1026 Grinde Dr, Fountain, CO 80817
  • Use Less Oil — 1026 Grinde Dr, Fountain, CO 80817
  • Caliber Collision — 1710 Rustique Dr, Fountain, CO 80817
  • DR RV — 855 Ancestra Dr, Fountain, CO 80817

FAQs

What type of property is this?
Auto shop - Versatile property featuring an auto repair shop and residential building.
Where is this auto shop located?
The property is located at 307 N Santa Fe Avenue Fountain, CO.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Mixed‑use property featuring a commercial building (auto repair shop) and a residential building on a spacious 14,000 sq ft lot.; Auto repair shop is equipped with **three hydraulic lifts**, including one inside and two in the rear service yard.; Residential building offers conversion potential to commercial use, aligning with existing zoning regulations.
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