Retail Space with
New
For Sale
Contact for pricing
1414 S 21st Street, Colorado Springs, CO 80904
Front and rear parking accompany an open customer area, separate office, storage room, and restroom.
Property Size1,474 SF
Days on Market5
Property Features for 1414 S 21st Street
General Information
Standard status
Active
Size
1,474 SF
Zoning
C-5
Site & Location
Neighborhood
Midland
Taxes and HOA fees
Annual Taxes
$12,075
Building Details
Building Size
1,474 SF
Year Built
1986
Listing Agency:
RE/MAX Real Estate Group LLC
Listed By:
Paul Lee · License #FA40029321
(719) 291-2589
Source:
Evrealestate
Added: Oct 26
Last Checked: Oct 28 at 8:34AM
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 RE/MAX Real Estate Group LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space features an open interior area, a separate enclosed office, storage, and one bathroom. Parking is available at both the front and rear of the building, and the property was built in 1986.
The site is on the southbound side of S 21st Street, next to the Gold Hill Mesa neighborhood and near Hwy 24. C-5 zoning is in place.
The site is on the southbound side of S 21st Street, next to the Gold Hill Mesa neighborhood and near Hwy 24. C-5 zoning is in place.
Key Highlights
- Open interior area with enclosed office, storage room, and one bathroom
- Parking available at the front and rear of the building
- C‑5 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,737
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,740
$354.7K
Cap Rate 7%
$253,386
$253.4K
Cap Rate 9%
$197,078
$197.1K
Market Conditions
NOI Build-Up for 1,474 SF
Gross rent
$26.5K $18.00/SF
− Vacancy
−$1.2K −$0.81/SF
EGI
$25.3K $17.19/SF
− OpEx
−$7.6K −$5.16/SF
NOI
$17.7K $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%
$354,740
Cap Rate 7%
$253,386
Cap Rate 9%
$197,078
Alternative Uses
Best Use
Retail
$253.4K
$221.7K – $295.6K
NOI $17,737 @ 7.0% cap · market cap 886.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$291.1K
$254.7K – $339.6K
NOI $20,377 @ 7.0% cap · market cap 1,018.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phillips 66
Shops & Services
13,831 visits/mo
0.5 miles
7-Eleven
Shops & Services
7,862 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
2,181 visits/mo
0.5 miles
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Retail space - Front and rear parking accompany an open customer area, separate office, storage room, and restroom.
Where is this retail space located?
The property is located at 1414 S 21st Street Colorado Springs, CO.
What are key features of this property?
This property features: Open interior area with enclosed office, storage room, and one bathroom; Parking available at the front and rear of the building; C‑5 zoning
