Colorado Springs Commercial
707 E Moreno Avenue Colorado Springs, CO 80903
For Sale
$599,000
3,409 SF space on 17,110 SF lot in Colorado Springs.
Property Size3,409 SF
Lot Size0.39 Acres
Price / SF$175.71
Days on Market577
Property Features for 707 E Moreno Avenue
General Information
Standard status
Active
Size
3,409 SF
Lot size
0.39 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1980
Listing Agency:
Berkshire Hathaway HomeServices Synergy Realty Group
(719) 660-5223
Listed By:
Charles D'Alessio · License #40034206
(719) 660-5223
Source:
Exitrealty
Added: Dec 27, 2024
Changed: Jul 6
Last Checked: Jul 27 at 6:03AM
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 commercial property in Colorado Springs offers a 3,409 square foot space on a 17,110 square foot lot. Zoned C-5 and CR, the property is suitable for an office, salon, café, or other entrepreneurial ventures. The location provides high visibility and convenient access within a dynamic surrounding area, offering an opportunity to establish and grow a business in a thriving market.
Key Highlights
- Prime commercial location in Colorado Springs with high visibility and convenient access.
- Versatile C‑5 and CR zoning allows for a wide range of business types.
- Substantial 3,409 SF space on a 17,110 SF lot.
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 | $61.4k | $18.00 |
| − Vacancy | −$2.8k | −$0.81 |
| EGI | $58.6k | $17.19 |
| − OpEx | −$17.6k | −$5.16 |
| NOI | $41.0k | $12.03 |
3,409 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$586.0K
$512.8K – $683.7K
NOI $41,020 @ 7.0% cap · market cap 6.85%
Second Best
Office B
$479.4K
$419.5K – $559.3K
NOI $33,557 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$673.2K
$589.1K – $785.4K
NOI $47,126 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Commercial land - 3,409 SF space on 17,110 SF lot in Colorado Springs.
Where is this commercial land located?
The property is located at 707 E Moreno Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime commercial location in Colorado Springs with high visibility and convenient access.; Versatile C‑5 and CR zoning allows for a wide range of business types.; Substantial 3,409 SF space on a 17,110 SF lot.
