Alta Gas
New
For Sale
$538,666
277 W Fillmore St, Colorado Springs, CO 80907
The Colorado Springs property is leased on an absolute NNN basis.
Property Size1,339 SF
Price / SF$402.29
Days on Market2
Property Features for 277 W Fillmore St
General Information
Standard status
Active
Size
1,339 SF
Property subtype
Auto Service - Gas-Conv
Lease Type
Absolute Net
Additional Details
Cap Rate
6%
Amenities
Absolute NNN Lease – zero landlord responsibilities
14+ years remaining on Lease
Potential bonus depreciation
Tenant operates 140+ locations
Building Details
Building Size
1,339 SF
Listing Agency:
Marcus & Millichap - Denver
Listed By:
Adam Lewis · License #License(s) CO: ER100091205
(303) 328-2000
Source:
Marcusmillichap
Added: Oct 16
Last Checked: Oct 16 at 2:10PM
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 Marcus & Millichap - Denver
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This gas station at 277 W Fillmore St in Colorado Springs is leased under an absolute NNN structure.
Key Highlights
- Absolute NNN lease
- 277 W Fillmore St address in Colorado Springs, CO 80907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,510
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,200
$370.2K
Cap Rate 7%
$264,429
$264.4K
Cap Rate 9%
$205,667
$205.7K
Market Conditions
NOI Build-Up for 1,339 SF
Gross rent
$25.7K $19.20/SF
− Vacancy
−$1.0K −$0.77/SF
EGI
$24.7K $18.43/SF
− OpEx
−$6.2K −$4.61/SF
NOI
$18.5K $13.82/SF
Area
Colorado Springs, CO
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,200
Cap Rate 7%
$264,429
Cap Rate 9%
$205,667
Alternative Uses
Best Use
Specialty Retail
$264.4K
$231.4K – $308.5K
NOI $18,510 @ 7.0% cap · market cap 3.44%
Second Best
Retail
$230.2K
$201.4K – $268.5K
NOI $16,112 @ 7.0% cap · market cap 2.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,761
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 33%
Hotels & Casinos 3%
Electronics 1%
Kum & Go
Shops & Services
23,811 visits/mo
0.3 miles
McDonald's
Dining
23,095 visits/mo
0.2 miles
Whataburger
Dining
16,395 visits/mo
0.4 miles
Taco Bell
Dining
11,154 visits/mo
0.2 miles
Starbucks
Dining
9,786 visits/mo
0.4 miles
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Gas station - The Colorado Springs property is leased on an absolute NNN basis.
Where is this gas station located?
The property is located at 277 W Fillmore St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $538,666.
What are key features of this property?
This property features: Absolute NNN lease; 277 W Fillmore St address in Colorado Springs, CO 80907
