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    Workshop Garage on Treed Acres Title is generated by Realmo AI

    209 Stonehenge Drive, Florissant, CO 80816

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    For Sale
    $250,000

    Well-built 1,536 sq ft workshop on 2.86 acres.

    Type:Land or Vacant Lot
    Property size:
    1,536 SF
    Lot size:
    2.86 Acres
    Price / SF:
    $162/SF
    Added:
    Oct 25, 2025
    Days on Market:
    224
    Last Refresh:
    Apr 5 at 10:14 pm

    Property Features for 209 Stonehenge Drive

    General Information

    Standard status
    Active
    Size
    1,536 SF
    Lot size
    2.86 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    KATHLEEN FLOOD

    Listing agent KATHLEEN FLOOD License #40006985

    Listing office Flood Realty

    Listing date Oct 25, 2025

    Source Corcoran

    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 Flood Realty

    HighLights

    • Custom‑built, insulated 1536 sq. ft. workshop garage (32’ x 48’) on 2.86 treed acres.
    • Commercial‑grade Reznor natural gas heat and well‑insulated (R11 walls, R30 ceiling).
    • 200 Amp electrical service with abundant outlets, including three 50 Amp outlets and a 50 Amp RV pedestal.
    • Ideal for building a home, storing vehicles, or use as a workshop.
    • Horseshoe driveway suitable for oversized vehicles.
    • Additional adjacent parcels available for purchase to expand the property to 8.60 acres.

    Overview

    This property features a 1,536 sq. ft. workshop garage, custom-built in 2014, situated on 2.86 treed acres. The shop includes insulated walls (R11) and ceiling (R30), a drywalled and painted interior, and an insulated foundation. It is equipped with commercial-grade, thermostatically controlled natural gas heat and a 10-foot high vaulted ceiling. The electrical system features a 200 Amp feed-through service, abundant overhead lighting, workbenches, and multiple electrical receptacles, including three 50 Amp outlets. There are two entry doors and an overhead door with an opener, along with a large concrete apron and exterior lighting and outlets. A 50 Amp RV pedestal is also present. The horseshoe driveway is designed to accommodate oversized vehicles. The property could be used as a basecamp to build a new home, for vehicle storage and maintenance, or for other purposes. Adjacent parcels are available for sale separately, including a parcel with a 2,430 square foot home on 3.24 acres and a vacant lot with 2.50 acres. This parcel and the vacant lot can each have their own well, septic and house.

    Local 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 $32.6k $21.24
    − Vacancy −$1.6k −$1.02
    EGI $31.1k $20.22
    − OpEx −$9.3k −$6.07
    NOI $21.7k $14.15
    1,536 SF · lease $21.24/SF/yr · vacancy 4.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $310.6K
    $271.8K – $362.4K (±1% cap)
    NOI $21,741 @ 7.0% cap · market cap 8.70%
    Second Best
    Flex RnD
    $291.1K
    $254.7K – $339.7K (±1% cap)
    NOI $20,379 @ 7.0% cap · market cap 8.15%
    Theoretical Best
    Office A
    $392.6K
    $343.5K – $458.0K (±1% cap)
    NOI $27,481 @ 7.0% cap · market cap 10.99%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Florissant
    County
    Teller
    State
    Colorado
    Longitude
    -105.255
    Latitude
    38.9369

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      Custom-built 1536 sq ft workshop on 2.86 acres.
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    FAQs

    What type of property is this?
    Auto shop - Well-built 1,536 sq ft workshop on 2.86 acres.
    Where is this auto shop located?
    The property is located at 209 Stonehenge Drive Florissant, CO.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Custom‑built, insulated 1536 sq. ft. workshop garage (32’ x 48’) on 2.86 treed acres.; Commercial‑grade Reznor natural gas heat and well‑insulated (R11 walls, R30 ceiling).; 200 Amp electrical service with abundant outlets, including three 50 Amp outlets and a 50 Amp RV pedestal.
    (719) 687-8789
    We can help!
    Listing Contact
    KATHLEEN FLOOD
    Real Estate License ID: 40006985
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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