Retail Space with C-5 and CR
For Sale
Contact for pricing
707 E Moreno Ave Unit 1, Colorado Springs, CO 80903
3,409 SF retail unit on a 17,110 SF lot, zoned C-5 and CR for flexible uses.
Property Size3,409 SF
Lot Size0.39 Acres
Price / SF$175.71
Days on Market582
Property Features for 707 E Moreno Ave Unit 1
General Information
Standard status
Active
Size
3,409 SF
Lot size
0.39 Acres
Property subtype
RETAIL
Zoning
C-5 and CR
Listing Agency:
BHHS - Synergy Realty Group | Colorado Springs
(719) 660-5223
Listed By:
Charles D’Alessio
(719) 660-5223
Source:
Moodyscre
Added: Dec 27, 2024
Changed: Jul 31
Last Checked: Jul 31 at 5:39AM
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 BHHS - Synergy Realty Group | Colorado Springs
Investment Insights
Based on property information with market context.
This retail space is 3,409 SF and sits on a 17,110 SF lot. The property is zoned C-5 and CR, supporting a range of business uses. The space is described as a fit for an office, salon, café, or other entrepreneurial ventures.
The unit is located at 707 E Moreno Ave, Unit 1, in Colorado Springs, CO 80903.
With the combination of retail space and C-5/CR zoning, the layout can accommodate a variety of customer-facing and service-oriented concepts while keeping the property configured around a dedicated unit.
The unit is located at 707 E Moreno Ave, Unit 1, in Colorado Springs, CO 80903.
With the combination of retail space and C-5/CR zoning, the layout can accommodate a variety of customer-facing and service-oriented concepts while keeping the property configured around a dedicated unit.
Key Highlights
- 3,409 SF retail space at 707 E Moreno Ave, Unit 1
- 17,110 SF lot size
- Zoned C‑5 and CR
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
—
—
no second resolved use
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
Current Use
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
6,746 visits/mo
0.5 miles
Tire World Auto Repair
Shops & Services
3,649 visits/mo
0.5 miles
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,409 SF retail unit on a 17,110 SF lot, zoned C-5 and CR for flexible uses.
Where is this retail space located?
The property is located at 707 E Moreno Ave Unit 1 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: 3,409 SF retail space at 707 E Moreno Ave, Unit 1; 17,110 SF lot size; Zoned C‑5 and CR
