Corner Lot Service
For Sale
Contact for pricing
404 S Circle Dr, Colorado Springs, CO 80910
Corner lot service center with a cinder block building, three bays, offices, and a fully fenced back lot.
Property Size2,600 SF
Price / SF$234.62
Days on Market1341
Property Features for 404 S Circle Dr
General Information
Standard status
Active
Size
2,600 SF
Property subtype
RETAIL
Additional Details
Fenced Yard
Yes
Clear Height
12 ft
Service Bays
3
Building Details
Construction
cinder block
Listing Agency:
BHHS - Synergy Realty Group | Colorado Springs
(719) 660-5223
Listed By:
Charles D’Alessio
(719) 660-5223
Source:
Moodyscre
Added: Nov 29, 2022
Changed: Jul 25
Last Checked: Jul 31 at 9:13AM
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 BHHS - Synergy Realty Group | Colorado Springs
Investment Insights
Based on property information with market context.
This corner lot service center includes a cinder block building with a lobby and service area, three service bays, an office, and storage. The bays have 10-foot doors, and the building offers approximately 12-foot high ceilings. The property includes heat, and the back lot is fully fenced.
The site is positioned for drive-in service operations with a large fenced outdoor area, complementing the interior service bays.
Inside, the layout centers on the lobby and service area, supported by three bays and back-of-house office and storage space, making the building well-suited for ongoing automotive service use.
The site is positioned for drive-in service operations with a large fenced outdoor area, complementing the interior service bays.
Inside, the layout centers on the lobby and service area, supported by three bays and back-of-house office and storage space, making the building well-suited for ongoing automotive service use.
Key Highlights
- Corner lot at Airport and Circle Drive on just over half an acre
- Long‑standing service center with a cinder block building
- About 2,600 SF includes lobby and service area, office, and storage area
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 | $46.8k | $18.00 |
| − Vacancy | −$2.1k | −$0.81 |
| EGI | $44.7k | $17.19 |
| − OpEx | −$13.4k | −$5.16 |
| NOI | $31.3k | $12.03 |
2,600 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$446.9K
$391.1K – $521.4K
NOI $31,286 @ 7.0% cap · market cap 5.13%
Second Best
Industrial
$337.0K
$294.9K – $393.2K
NOI $23,593 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$513.5K
$449.3K – $599.0K
NOI $35,942 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
12 ft
Clear height
3
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 29%
Dining 18%
Home Improvements & Furnishings 13%
Save-A-Lot
Groceries
22,931 visits/mo
0.5 miles
Popeyes Louisiana Kitchen
Dining
10,490 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,688 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
7,433 visits/mo
0.2 miles
Conoco
Shops & Services
6,245 visits/mo
0.0 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
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
- KING AUTO REPAIRS — 267 S Circle Dr, Colorado Springs, CO 80910
- Codys Ultimate Garage — 1216 quivira dr, colorado springs, co 80910
- JL Mobile Mechanic — 2635 verde 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
Frequently Asked Questions
What type of property is this?
Auto shop - Corner lot service center with a cinder block building, three bays, offices, and a fully fenced back lot.
Where is this auto shop located?
The property is located at 404 S Circle Dr 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: Corner lot at Airport and Circle Drive on just over half an acre; Long‑standing service center with a cinder block building; About 2,600 SF includes lobby and service area, office, and storage area
