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    Established Retail Business Opportunity Title is generated by Realmo AI

    404 N Santa Fe Avenue, Fountain, CO 80817

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    For Sale
    $500,000

    Retail firearms business with great location and parking.

    Type:Commercial/Industrial
    Property size:
    2,440 SF
    Lot size:
    0.32 Acres
    Price / SF:
    $204/SF
    Added:
    Apr 16, 2024
    Days on Market:
    794
    Last Refresh:
    May 20 at 2:31 am

    Property Features for 404 N Santa Fe Avenue

    General Information

    Standard status
    Active
    Size
    2,440 SF
    Lot size
    0.32 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Charles D'Alessio

    Listing agent Charles D'Alessio License #40034206

    Listing office Berkshire Hathaway HomeServices Synergy Realty Group

    Listing date Apr 16, 2024

    Source Exitrealty

    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

    HighLights

    • Well‑established retail firearms business with existing infrastructure.
    • Ideal, busy location with high traffic.
    • Ample parking space.
    • Close proximity to Fire Department and Police Station.
    • Open layout suitable for retail operations.
    • Level lot.

    Overview

    This is an established retail firearms business with an open layout and a location that benefits from high traffic. The property features ample parking and a level lot. It is located close to the Fire Department and Police Station. Constructed in 1968, the building is classified as Class D and is zoned CU. The property size is 2440 square feet.

    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 $52.4k $21.48
    − Vacancy −$2.6k −$1.05
    EGI $49.8k $20.43
    − OpEx −$15.0k −$6.13
    NOI $34.9k $14.30
    2,440 SF · lease $21.48/SF/yr · vacancy 4.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $498.4K
    $436.1K – $581.5K (±1% cap)
    NOI $34,890 @ 7.0% cap · market cap 6.98%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Multifamily LT 5
    $32.54M
    $28.47M – $37.96M (±1% cap)
    NOI $2,277,569 @ 7.0% cap · market cap 455.51%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Superb Insurance Services Insurance Agency Cimino Gun Sales Gun Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fountain
    County
    El Paso
    State
    Colorado
    Longitude
    -104.704
    Latitude
    38.6861

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    FAQs

    What type of property is this?
    Retail space - Retail firearms business with great location and parking.
    Where is this retail space located?
    The property is located at 404 N Santa Fe Avenue Fountain, CO.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Well‑established retail firearms business with existing infrastructure.; Ideal, busy location with high traffic.; Ample parking space.
    (719) 660-5223
    We can help!
    Listing Contact
    Charles D'Alessio
    Real Estate License ID: 40034206
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