Former Brewery and Restaurant
For Sale
$2,200,000
2925 West Colorado Avenue, Colorado Springs, CO 80904
Turnkey brewery-and-restaurant infrastructure on a sizable lot with major arterial frontage and parking for day-one operations.
Property Size4,494 SF
Lot Size0.83 Acres
Price / SF$489.54
Days on Market431
Property Features for 2925 West Colorado Avenue
General Information
Standard status
Active
Size
4,494 SF
Lot size
0.83 Acres
Property subtype
Retail
Zoning
MX-M HS
Site & Location
Traffic Count
20,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Commercial Hood
Yes
Listing Agency:
Hoff & Leigh Denver
(719) 722-8632
Listed By:
Jayme Wilson · License #FA100088653
(719) 722-8632
Source:
Hoffleigh
Added: Jun 3, 2025
Changed: Jul 10
Last Checked: Aug 7 at 12:40AM
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 Hoff & Leigh Denver
Investment Insights
Based on property information with market context.
2925 West Colorado Avenue is a former brewery and restaurant facility offered for sale, built on a 0.826-acre lot. The property is set up with second-generation brewing equipment and full commercial kitchen infrastructure, including a fully plumbed brewhouse, temperature-controlled cold storage rooms, a walk-in cooler, and a grease-hooded kitchen. Interior improvements include polished concrete floors and a bar area, with an open layout designed to support food and beverage operations.
The site has approximately 1100 feet of frontage on West Colorado Avenue, with stated average daily traffic of 20,000 VPD. A dedicated signal at South 30th Street is provided for ingress and egress, and the lot offers ample on-site parking, which the remarks note as unusual for the Old Colorado City footprint. The property is described as being less than one minute from Highway 24 and less than two miles east to I-25, supporting regional access.
With MX-M HS zoning as noted in the remarks, the building’s existing brewery and restaurant improvements may support an owner-operator looking to occupy and operate immediately, while the open configuration could also accommodate other uses consistent with the flexibility of the zoning designation.
The site has approximately 1100 feet of frontage on West Colorado Avenue, with stated average daily traffic of 20,000 VPD. A dedicated signal at South 30th Street is provided for ingress and egress, and the lot offers ample on-site parking, which the remarks note as unusual for the Old Colorado City footprint. The property is described as being less than one minute from Highway 24 and less than two miles east to I-25, supporting regional access.
With MX-M HS zoning as noted in the remarks, the building’s existing brewery and restaurant improvements may support an owner-operator looking to occupy and operate immediately, while the open configuration could also accommodate other uses consistent with the flexibility of the zoning designation.
Key Highlights
- 0.826‑acre lot zoned MX‑M HS in Old Colorado City’s Westside submarket
- Includes second‑generation brewing equipment plus fully plumbed brewhouse, temperature‑controlled cold storage rooms, and walk‑in cooler
- Full commercial kitchen infrastructure with grease‑hooded kitchen, polished concrete floors, and bar area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,500
$1.2M
Cap Rate 7%
$887,500
$887.5K
Cap Rate 9%
$690,278
$690.3K
Market Conditions
NOI Build-Up for 4,494 SF
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.
Gross rent
$86.3K $19.20/SF
− Vacancy
−$3.5K −$0.77/SF
EGI
$82.8K $18.43/SF
− OpEx
−$20.7K −$4.61/SF
NOI
$62.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,500
Cap Rate 7%
$887,500
Cap Rate 9%
$690,278
Alternative Uses
Best Use
Specialty Retail
$887.5K
$776.6K – $1.04M
NOI $62,125 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$582.6K
$509.8K – $679.7K
NOI $40,780 @ 7.0% cap · market cap 1.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
1,129
Businesses Nearby
Explore this area
Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Brewery - Turnkey brewery-and-restaurant infrastructure on a sizable lot with major arterial frontage and parking for day-one operations.
Where is this brewery located?
The property is located at 2925 West Colorado Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 0.826‑acre lot zoned MX‑M HS in Old Colorado City’s Westside submarket; Includes second‑generation brewing equipment plus fully plumbed brewhouse, temperature‑controlled cold storage rooms, and walk‑in cooler; Full commercial kitchen infrastructure with grease‑hooded kitchen, polished concrete floors, and bar area
