Single-Tenant Auto
For Sale
$2,875,000
2124 E Boulder St, Colorado Springs, CO 80909
Colorado Springs property with a single automotive repair occupant and proximity to the Colorado Springs Airport.
Property Size14,583 SF
Price / SF$197.15
Days on Market49
Property Features for 2124 E Boulder St
General Information
Standard status
Active
Size
14,583 SF
Property subtype
Retail
Building Details
Building Size
14,583 SF
Year Built
1985
Buildings
7
Tenancy
Single
Listing Agency:
Legacy Real Estate Advisors
Listed By:
Rami Gulli · License #MI ##6501453450
(248) 892-9691
Source:
Legacycrea
Added: Aug 19
Changed: Sep 14
Last Checked: Oct 5 at 5:05PM
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 Legacy Real Estate Advisors
Investment Insights
Based on property information with market context.
This Colorado Springs commercial property is configured for one automotive repair occupant associated with Caliber Collision. Built in 1985, the improvements include 7 buildings totaling 14,583 SF. The listing identifies a corporate guarantee for the landlord.
Located at 2124 E Boulder St, the property is near Colorado Springs Airport. Demographic information places 14,400+ residents within a 1-mile radius and projects +7.6% population growth from '22 - '27. Caliber Collision is identified as the tenant and is reported to operate 1,200+ locations.
Located at 2124 E Boulder St, the property is near Colorado Springs Airport. Demographic information places 14,400+ residents within a 1-mile radius and projects +7.6% population growth from '22 - '27. Caliber Collision is identified as the tenant and is reported to operate 1,200+ locations.
Key Highlights
- Single‑tenant automotive repair property occupied by Caliber Collision
- 7 buildings totaling 14,583 SF
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,477
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,509,540
$3.5M
Cap Rate 7%
$2,506,814
$2.5M
Cap Rate 9%
$1,949,744
$1.9M
Market Conditions
NOI Build-Up for 14,583 SF
Gross rent
$262.5K $18.00/SF
− Vacancy
−$11.8K −$0.81/SF
EGI
$250.7K $17.19/SF
− OpEx
−$75.2K −$5.16/SF
NOI
$175.5K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,509,540
Cap Rate 7%
$2,506,814
Cap Rate 9%
$1,949,744
Alternative Uses
Best Use
Retail
$2.51M
$2.19M – $2.92M
NOI $175,477 @ 7.0% cap · market cap 6.10%
Second Best
Industrial
$1.89M
$1.65M – $2.21M
NOI $132,331 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,595 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,047
Businesses Nearby
102k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 66%
Shops & Services 34%
Dutch Bros. Coffee
Dining
16,897 visits/mo
0.3 miles
Burger King
Dining
15,207 visits/mo
0.3 miles
Starbucks
Dining
15,191 visits/mo
0.2 miles
Maverik Adventures First Stop
Shops & Services
13,282 visits/mo
0.3 miles
Taco Bell
Dining
12,355 visits/mo
0.3 miles
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Auto shop - Colorado Springs property with a single automotive repair occupant and proximity to the Colorado Springs Airport.
Where is this auto shop located?
The property is located at 2124 E Boulder St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,875,000.
What are key features of this property?
This property features: Single‑tenant automotive repair property occupied by Caliber Collision; 7 buildings totaling 14,583 SF; Built in 1985
