Automotive Enthusiast Garage
2275 Busch Ave Colorado Springs, CO 80904
2275 Busch Ave, Colorado Springs, CO, 80904
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For Sale
Contact for pricing
Private garage condos for automotive enthusiasts, for sale or lease.
Property Size1,152 SF
Price / SF$347.22
Days on Market801
Property Features for 2275 Busch Ave
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2003
Listing Agency
Thrive Commercial Partners
(719) 535-0500
Listed by
Helen Cameron · License #CO-040041260
Source
Crexi
Added: May 10, 2024 Checked: Jul 16 at 12:58 pm
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 Thrive Commercial Partners
Investment Insights
Based on property information with market context.
This property is part of My Car Barn, a development geared toward automotive enthusiasts. Private bays are available for sale or lease, starting at 1,152 square feet. Suite amenities include optional 340 square feet mezzanines above the garage floor, stairways, finished concrete flooring, a restroom, and a 14-foot overhead door. The property is intended for automotive enthusiasts needing space to work on vehicles, free up home garage space, or park RVs and other vehicles. It is located within a gated community.
Key Highlights
- Private "bays" starting at 1,152 SF, ideal for automotive enthusiasts.
- Optional 340 SF mezzanine above the garage floor.
- Located in a gated community of like‑minded automotive enthusiasts.
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 | $20.7k | $18.00 |
| − Vacancy | −$933 | −$0.81 |
| EGI | $19.8k | $17.19 |
| − OpEx | −$5.9k | −$5.16 |
| NOI | $13.9k | $12.03 |
1,152 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$198.0K
$173.3K – $231.0K
NOI $13,862 @ 7.0% cap · market cap 3.47%
Second Best
Warehouse
$181.3K
$158.7K – $211.6K
NOI $12,694 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$227.5K
$199.1K – $265.4K
NOI $15,925 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar For Sale Nearby
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 2130 Naegele Rd, Colorado Springs, CO 80904
- U-Haul Neighborhood Dealer — 1125 Pecan St, Colorado Springs, CO 80904
- U-Haul Neighborhood Dealer — 204 S 24th St, Colorado Springs, CO 80904
FAQs
What type of property is this?
Parking lot & garage - Private garage condos for automotive enthusiasts, for sale or lease.
Where is this parking lot & garage located?
The property is located at 2275 Busch Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Private "bays" starting at 1,152 SF, ideal for automotive enthusiasts.; Optional 340 SF mezzanine above the garage floor.; Located in a gated community of like‑minded automotive enthusiasts.
