Remodeled Coffee Shop
New
For Sale
Contact for pricing
1507 W Colorado Ave, Colorado Springs, CO 80904
Equipped café space in move-in-ready condition within Old Colorado City’s historic district.
Property Size968 SF
Price / SF$397.73
Days on Market6
Property Features for 1507 W Colorado Ave
General Information
Standard status
Active
Size
968 SF
Property subtype
RETAIL
Listing Agency:
David Commercial Real Estate/KW Premier Realty
(719) 425-7139
Listed By:
Caleb David (he/him/his)
(719) 425-7139
Source:
Moodyscre
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 7 at 6:25AM
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 David Commercial Real Estate/KW Premier Realty
Investment Insights
Based on property information with market context.
This 968-square-foot coffee shop at 1507 W Colorado Ave offers a remodeled interior with operating equipment already in place. The property is configured as a café and is presented in condition for a new operator to begin service without undertaking a full build-out.
The site is located in Old Colorado City, a historic district on the westside of Colorado Springs. Its setting combines a recognized historic context with an established commercial destination for café and restaurant activity.
The site is located in Old Colorado City, a historic district on the westside of Colorado Springs. Its setting combines a recognized historic context with an established commercial destination for café and restaurant activity.
Key Highlights
- 968‑square‑foot coffee shop
- Remodeled café interior
- Operating equipment included
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
$13,382
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
3.48%
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%
$267,640
$267.6K
Cap Rate 7%
$191,171
$191.2K
Cap Rate 9%
$148,689
$148.7K
Market Conditions
NOI Build-Up for 968 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
$18.6K $19.20/SF
− Vacancy
−$743 −$0.77/SF
EGI
$17.8K $18.43/SF
− OpEx
−$4.5K −$4.61/SF
NOI
$13.4K $13.82/SF
Area
Colorado Springs, CO
Vacancy
4.00%
Lease Rate
$19.20 /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%
$267,640
Cap Rate 7%
$191,171
Cap Rate 9%
$148,689
Alternative Uses
Best Use
Specialty Retail
$191.2K
$167.3K – $223.0K
NOI $13,382 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
26k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 25%
Apparel 21%
Hotels & Casinos 1%
Rocky Mountain Chocolate Factory
Dining
6,520 visits/mo
0.1 miles
Goodwill
Apparel
5,564 visits/mo
0.1 miles
Circle K
Shops & Services
4,671 visits/mo
0.3 miles
Conoco
Shops & Services
4,563 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
3,161 visits/mo
0.3 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Carnelian Coffee Co — 2428 W Colorado Ave, Colorado Springs, CO 80904
- Dutch Bros Coffee — 624 S 21st St, Colorado Springs, CO 80904
- Scooter's Coffee — 312 S 8th St, Colorado Springs, CO 80905
- Barista Espresso & Specialty Roasters — 625 W Colorado Ave, Colorado Springs, CO 80905
- Frankly Coffee — 727 1/2 W Colorado Ave, Colorado Springs, CO 80905
Frequently Asked Questions
What type of property is this?
Coffee shop - Equipped café space in move-in-ready condition within Old Colorado City’s historic district.
Where is this coffee shop located?
The property is located at 1507 W Colorado Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 968‑square‑foot coffee shop; Remodeled café interior; Operating equipment included
