Prime Commercial Event
14275 S State Highway 115 Colorado Springs, CO 80926
14275 S State Highway 115, Colorado Springs, CO, 80926
$1,800,000
For Sale
$1,800,000
Versatile commercial property near Colorado Springs with event potential.
Property Size6,027 SF
Lot Size7.52 Acres
Price / SF$298.66
Days on Market177
Property Features for 14275 S State Highway 115
General Information
- Standard status
- Active
- Size
- 6,027 SF
- Lot size
- 7.52 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1973
Listing Agency
GREAT WESTERN RANCH AND LAND, LLC
(719) 659-7598
Listed by
MANUEL TRUJILLO · License #EA 100075311
Source
Corcoran
Added: Jan 24 Checked: Jul 20 at 3:57 am
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 GREAT WESTERN RANCH AND LAND, LLC
Investment Insights
Based on property information with market context.
The White Horse property, located minutes south of Colorado Springs along Highway 115, offers a commercial opportunity. The property includes over 7 acres of land within CR zoning, suitable for business, recreational, and event-oriented uses. The expansive building provides over 6,000 square feet and is configured with a commercial kitchen, open dining area, multiple restrooms, a bar area, and a large ballroom-style space. This makes it adaptable for continued restaurant use, event hosting, or venue development. The grounds feature a pond and open space with potential for RV parking, campers, and possibly tiny homes, subject to zoning and approvals. Formerly operated as a restaurant, this property offers potential for a wedding venue, special events destination, or a mixed-use commercial concept. It combines location, acreage, and infrastructure.
Key Highlights
- Prime location minutes south of Colorado Springs on Highway 115.
- Over 7 acres of CR‑zoned land suitable for various commercial uses.
- 6,000+ sq ft building with commercial kitchen, dining area, bar, restrooms, and ballroom.
Local Financial Insights For Specialty 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 | $115.7k | $19.20 |
| − Vacancy | −$4.6k | −$0.77 |
| EGI | $111.1k | $18.43 |
| − OpEx | −$27.8k | −$4.61 |
| NOI | $83.3k | $13.82 |
6,027 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,317 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Versatile commercial property near Colorado Springs with event potential.
Where is this conventional restaurant located?
The property is located at 14275 S State Highway 115 Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location minutes south of Colorado Springs on Highway 115.; Over 7 acres of CR‑zoned land suitable for various commercial uses.; **6,000+ sq ft building with commercial kitchen, dining area, bar, restrooms, and ballroom.**
