Retail Building Near E
For Sale
Contact for pricing
227 Bonfoy Ave, Colorado Springs, CO
2,010 SF retail building constructed in 1981 for sale.
Property Size2,010 SF
Lot Size0.24 Acres
Price / SF$261.19
Days on Market547
Property Features for 227 Bonfoy Ave
General Information
Standard status
Active
Size
2,010 SF
Lot size
0.24 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Knob Hill
Listing Agency:
BellStreet
(303) 731-5800
Listed By:
James Bealer
(936) 444-5277
Source:
Moodyscre
Added: May 2, 2025
Changed: Oct 26
Last Checked: Oct 28 at 9:15AM
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 BellStreet
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,010 SF retail building, constructed in 1981, is located off of E Platte Ave. The property is zoned MX-L, offering potential for retail or street retail investors. Its location in a commercial hub makes it suitable for retailers seeking to establish or expand their presence.
Key Highlights
- Prime location off E Platte Ave in a thriving commercial hub
- MX‑L zoning offers limitless potential for retail or street retail investors
- 2,010 SF retail building provides ample space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,186
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,720
$483.7K
Cap Rate 7%
$345,514
$345.5K
Cap Rate 9%
$268,733
$268.7K
Market Conditions
NOI Build-Up for 2,010 SF
Gross rent
$36.2K $18.00/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$34.6K $17.19/SF
− OpEx
−$10.4K −$5.16/SF
NOI
$24.2K $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%
$483,720
Cap Rate 7%
$345,514
Cap Rate 9%
$268,733
Alternative Uses
Best Use
Retail
$345.5K
$302.3K – $403.1K
NOI $24,186 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$396.9K
$347.3K – $463.1K
NOI $27,786 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,303
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 29%
Dutch Bros. Coffee
Dining
16,897 visits/mo
0.1 miles
Burger King
Dining
15,207 visits/mo
0.1 miles
Starbucks
Dining
15,191 visits/mo
0.1 miles
Maverik Adventures First Stop
Shops & Services
13,282 visits/mo
0.1 miles
Taco Bell
Dining
12,355 visits/mo
0.1 miles
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
Frequently Asked Questions
What type of property is this?
Retail space - 2,010 SF retail building constructed in 1981 for sale.
Where is this retail space located?
The property is located at 227 Bonfoy Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime location off E Platte Ave in a thriving commercial hub; MX‑L zoning offers limitless potential for retail or street retail investors; 2,010 SF retail building provides ample space
