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    Colorado Springs Retail/Industrial Building Title is generated by Realmo AI

    2102 E Bijou Street, Colorado Springs, CO 80909

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    For Sale
    $699,900

    Class C building with C6 zoning in Colorado Springs.

    Type:Commercial/Industrial
    Property size:
    3,142 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $222/SF
    Added:
    Feb 13, 2024
    Days on Market:
    855
    Last Refresh:
    May 20 at 1:44 am

    Property Features for 2102 E Bijou Street

    General Information

    Standard status
    Active
    Size
    3,142 SF
    Lot size
    0.38 Acres
    Property subtype
    Commercial/Industrial

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    Listing Contact
    Charles D'Alessio

    Listing agent Charles D'Alessio License #40034206

    Listing office Berkshire Hathaway HomeServices Synergy Realty Group

    Listing date Feb 13, 2024

    Source Exitrealty

    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 Berkshire Hathaway HomeServices Synergy Realty Group

    HighLights

    • C6 Zoning allows for a variety of commercial uses.
    • Building for sale in the Colorado Springs area.
    • Located in the Colorado Springs Area
    • Surrounded by other retail businesses.
    • Class C Building

    Overview

    This Class C building, situated in Colorado Springs, is available for sale. The property is zoned C6 and is located in an area with other retail businesses. The building offers approximately 3,142 square feet of space and is suitable for retail or industrial use.

    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 $56.6k $18.00
    − Vacancy −$2.5k −$0.81
    EGI $54.0k $17.19
    − OpEx −$16.2k −$5.16
    NOI $37.8k $12.03
    3,142 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $540.1K
    $472.6K – $630.1K (±1% cap)
    NOI $37,808 @ 7.0% cap · market cap 5.40%
    Second Best
    Industrial
    $407.3K
    $356.4K – $475.2K (±1% cap)
    NOI $28,512 @ 7.0% cap · market cap 4.07%
    Theoretical Best
    Specialty Retail
    $620.5K
    $542.9K – $723.9K (±1% cap)
    NOI $43,435 @ 7.0% cap · market cap 6.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Skybox Lounge Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.79
    Latitude
    38.8359

    FAQs

    What type of property is this?
    Retail property - Class C building with C6 zoning in Colorado Springs.
    Where is this retail property located?
    The property is located at 2102 E Bijou Street Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: C6 Zoning allows for a variety of commercial uses.; Building for sale in the Colorado Springs area.; Located in the Colorado Springs Area
    More about this property
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