Commercial Property with Service
For Sale
$610,000
Pending
404 S Circle Drive, Colorado Springs, CO 80910
Commercial property featuring a service center with fenced lot.
Property Size1,991 SF
Lot Size0.51 Acres
Days on Market715
Property Features for 404 S Circle Drive
General Information
Standard status
Pending
Size
1,991 SF
Lot size
0.51 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$4,656
Building Details
Year Built
1970
Listing Agency:
Berkshire Hathaway HomeServices Synergy Realty Group
(719) 418-5000
Listed By:
Charles D'Alessio · License #40034206
(719) 660-5223
Source:
Exitrealty
Added: Oct 22, 2024
Changed: Oct 4
Last Checked: Oct 4 at 8:39AM
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 functions as a long-standing service center, featuring an overhead drive-in to the main entrance. The building includes 12 ft ceilings, three 10ft bay doors, an office, lobby, service area, and storage. It is situated on a 22,316 sq ft lot that is fully fenced at the rear. The property is located on the corner of a high-traffic road, a short 8-minute drive to Downtown Colorado Springs. The building size is 1,991 sq ft.
Key Highlights
- High‑traffic corner lot location, ideal for visibility and accessibility.
- Large 22,316 SQ FT lot with full rear fencing.
- Overhead drive‑in access to the main entrance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,958
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,160
$479.2K
Cap Rate 7%
$342,257
$342.3K
Cap Rate 9%
$266,200
$266.2K
Market Conditions
NOI Build-Up for 1,991 SF
Gross rent
$35.8K $18.00/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$34.2K $17.19/SF
− OpEx
−$10.3K −$5.16/SF
NOI
$24.0K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,160
Cap Rate 7%
$342,257
Cap Rate 9%
$266,200
Alternative Uses
Best Use
Retail
$342.3K
$299.5K – $399.3K
NOI $23,958 @ 7.0% cap · market cap 3.93%
Second Best
Industrial
$258.1K
$225.8K – $301.1K
NOI $18,067 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$393.2K
$344.1K – $458.7K
NOI $27,524 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
45k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 49%
Save-A-Lot
Groceries
22,931 visits/mo
0.1 miles
Maverik Adventures First Stop
Shops & Services
14,231 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,688 visits/mo
0.1 miles
Demographics for 80910, CO
30,991
Population
13,940
Households
2.2
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
6.1 sq mi
ZIP Area
5,080
Density / Sq Mi
$56,681
Median Household Income
$37,110
Median Earnings
$1,299
Median Rent
$276,900
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 Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- JL Mobile Mechanic — 2635 verde dr, colorado springs, co 80910
- Codys Ultimate Garage — 1216 quivira dr, colorado springs, co 80910
- A Perfect Auto Detailing — 830 sequoia dr, colorado springs, co 80910
- the good mechanic — 2120 Manitoba Dr, Colorado Springs, CO 80910
- KING AUTO REPAIRS — 267 S Circle Dr, Colorado Springs, CO 80910
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property featuring a service center with fenced lot.
Where is this auto shop located?
The property is located at 404 S Circle Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: High‑traffic corner lot location, ideal for visibility and accessibility.; Large 22,316 SQ FT lot with full rear fencing.; Overhead drive‑in access to the main entrance.
