Former Bank Building with
For Sale
$875,000
6615 Camden Boulevard, Fountain, CO 80817
Bank-built interior with lobby, counter, and perimeter offices, offering straightforward conversion options near Highway 87.
Property Size2,852 SF
Lot Size0.87 Acres
Price / SF$306.80
Days on Market905
Property Features for 6615 Camden Boulevard
General Information
Standard status
Active
Size
2,852 SF
Lot size
0.87 Acres
Property subtype
Retail
Zoning
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,852 SF
Year Built
1995
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Tim Leigh · License #EA314631
(719) 337-9551
Source:
Hoffleigh
Added: Apr 1, 2024
Changed: Sep 14
Last Checked: Sep 22 at 1:01PM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
6615 Camden Boulevard is a former bank building constructed in 1995. The interior is built-out as a bank with a lobby, a counter, and perimeter offices, creating a functional layout for businesses seeking existing administrative space rather than ground-up improvements. The property includes a dedicated parking setup suitable for customer and staff access.
The building is located in Fountain, just off Highway 87 South, with strong access and parking for visitors and daily operations. It sits on nearly an acre of land and is zoned Fountain Commercial, supporting a range of commercial uses consistent with local zoning requirements.
For buyers, this property offers an existing bank configuration that can be useful for financial services, professional offices, or other commercial tenants looking to leverage the current lobby and office arrangement. The combination of the built-in perimeter offices and convenient off-highway access can help streamline occupancy planning compared with a fully vacant shell. For information on the current condition and site details, contact for a private showing.
The building is located in Fountain, just off Highway 87 South, with strong access and parking for visitors and daily operations. It sits on nearly an acre of land and is zoned Fountain Commercial, supporting a range of commercial uses consistent with local zoning requirements.
For buyers, this property offers an existing bank configuration that can be useful for financial services, professional offices, or other commercial tenants looking to leverage the current lobby and office arrangement. The combination of the built-in perimeter offices and convenient off-highway access can help streamline occupancy planning compared with a fully vacant shell. For information on the current condition and site details, contact for a private showing.
Key Highlights
- Former bank building with built‑in lobby, counter, and perimeter offices
- 2,852 SF building on nearly 1 acre (37,867 SF) lot
- Zoned Fountain Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,694
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$873,880
$873.9K
Cap Rate 7%
$624,200
$624.2K
Cap Rate 9%
$485,489
$485.5K
Market Conditions
NOI Build-Up for 2,852 SF
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.
Gross rent
$61.3K $21.48/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$58.3K $20.43/SF
− OpEx
−$14.6K −$5.11/SF
NOI
$43.7K $15.32/SF
Area
El Paso County, CO
Vacancy
4.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$873,880
Cap Rate 7%
$624,200
Cap Rate 9%
$485,489
Alternative Uses
Best Use
Specialty Retail
$624.2K
$546.2K – $728.2K
NOI $43,694 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$582.6K
$509.8K – $679.7K
NOI $40,781 @ 7.0% cap · market cap 4.66%
Theoretical Best
Multifamily LT 5
$38.03M
$33.28M – $44.37M
NOI $2,662,142 @ 7.0% cap · market cap 304.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
278k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Superstores 36%
Shops & Services 17%
Apparel 4%
Walmart
Superstores
100,591 visits/mo
0.2 miles
McDonald's
Dining
28,846 visits/mo
0.1 miles
Dollar Tree
Shops & Services
18,591 visits/mo
0.4 miles
Wendy's
Dining
15,119 visits/mo
0.5 miles
Panda Express
Dining
11,854 visits/mo
0.3 miles
Demographics for 80817, CO
31,621
Population
11,649
Households
2.7
Avg Household Size
31
Median Age
32%
College-Educated
95%
High-School Grad
115.1 sq mi
ZIP Area
275
Density / Sq Mi
$85,121
Median Household Income
$50,434
Median Earnings
$1,758
Median Rent
$377,300
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 West region
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Frequently Asked Questions
What type of property is this?
Bank - Bank-built interior with lobby, counter, and perimeter offices, offering straightforward conversion options near Highway 87.
Where is this bank located?
The property is located at 6615 Camden Boulevard Fountain, CO.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Former bank building with built‑in lobby, counter, and perimeter offices; 2,852 SF building on nearly 1 acre (37,867 SF) lot; Zoned Fountain Commercial
