Listing Agency: Flood Realty Show Phone

Listed By: KATHLEEN FLOOD · License #40006985 Show Phone

Source: Corcoran

Added: Dec 29, 2025 Changed: Oct 6 Last Checked: Oct 9 at 8:14PM

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Investment Insights

Based on property information with market context.

This property features a custom-built workshop garage situated on 2.86 treed acres. Constructed in 2014, the 32' x 48', 1536 sq. ft. shop includes well-insulated walls (R11) and ceiling (R30), a drywalled and painted interior, and an insulated foundation with 2" Styrofoam. It is equipped with a commercial-grade Reznor thermostatically controlled natural gas heat and a 10' high vaulted ceiling. The building has 200 Amp feed-through electrical service, abundant overhead lighting, workbenches, and numerous 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, exterior lighting, and outlets. A 50 Amp RV pedestal is also present. The horseshoe driveway is designed to accommodate oversized vehicles. Potential uses include a basecamp for building a new home, storage and workspace for vehicles, or other applications. Adjacent parcels are also available for sale.

Key Highlights

• Custom‑built 1536 sq. ft. workshop garage (32' x 48') on 2.86 treed acres.
• Well‑insulated (R11 walls, R30 ceiling) and finished shop with commercial‑grade natural gas heat.
• 200 Amp electrical service with abundant outlets, including three 50 Amp outlets and a 50 Amp RV pedestal.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,741

Cap Rate

8.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$434,820 $434.8K

Cap Rate 7%

$310,586 $310.6K

Cap Rate 9%

$241,567 $241.6K

Market Conditions

NOI Build-Up for 1,536 SF

Gross rent

$32.6K $21.24/SF

− Vacancy

−$1.6K −$1.02/SF

EGI

$31.1K $20.22/SF

− OpEx

−$9.3K −$6.07/SF

NOI

$21.7K $14.15/SF

Area

Teller County, CO

Vacancy

4.80%

Lease Rate

$21.24 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$434,820

Cap Rate 7%

$310,586

Cap Rate 9%

$241,567

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

Industrial

$162.1K

$141.9K – $189.1K (±1% cap)

NOI $11,348 @ 7.0% cap · market cap 4.54%

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 authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 80816, CO

5,794

Population

4,181

Households

1.4

Avg Household Size

54

Median Age

32%

College-Educated

94%

High-School Grad

182.5 sq mi

ZIP Area

32

Density / Sq Mi

$71,358

Median Household Income

$47,018

Median Earnings

$1,816

Median Rent

$382,300

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - Custom-built 1536 sq ft workshop on 2.86 acres.

Where is this auto shop located?

The property is located at 209 Stonehenge 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 1536 sq. ft. workshop garage (32' x 48') on 2.86 treed acres.; Well‑insulated (R11 walls, R30 ceiling) and finished shop with commercial‑grade natural gas heat.; 200 Amp electrical service with abundant outlets, including three 50 Amp outlets and a 50 Amp RV pedestal.**