Mixed-Use Retail/Warehouse
301 Manitou Avenue, Manitou Springs, CO 80829
For Sale
Contact for pricing
Combines commercial space, five residential units, and an existing Sevelli's lease.
Property Size10,000 SF
Price / SF$350
Days on Market57
Property Features for 301 Manitou Avenue
General Information
Standard status
Size
Property subtype
Listing Agency:
Front Range Commercial LLC
(719) 520-9500
Listed By:
Jay Carlson · License CO ER.000271191
Source:
Moodyscre
Added: Sep 15
Changed: Oct 26
Last Checked: Nov 8 at 8:33AM
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 Front Range Commercial LLC
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Investment Insights
Based on property information with market context.
Located at 301 Manitou Avenue in Manitou Springs, this mixed-use property combines a 10,000-square-foot retail and warehouse building with residential accommodations. The property includes five residential units totaling 3,000 square feet, creating a combination of commercial and residential space within one asset.
Sevelli's has an existing lease in place, adding an established commercial tenancy to the property. The address is 301 Manitou Avenue, Manitou Springs, CO 80829.
Sevelli's has an existing lease in place, adding an established commercial tenancy to the property. The address is 301 Manitou Avenue, Manitou Springs, CO 80829.
Key Highlights
- 10,000sf retail and warehouse building
- Five residential units totaling 3000sf
- Sevelli's lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,992
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,859,840
$2.9M
Cap Rate 7%
$2,042,743
$2.0M
Cap Rate 9%
$1,588,800
$1.6M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$214.8K $21.48/SF
− Vacancy
−$10.5K −$1.05/SF
EGI
$204.3K $20.43/SF
− OpEx
−$61.3K −$6.13/SF
NOI
$143.0K $14.30/SF
Area
El Paso County, CO
Vacancy
4.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,859,840
Cap Rate 7%
$2,042,743
Cap Rate 9%
$1,588,800
Alternative Uses
Best Use
Retail
$2.04M
$1.79M – $2.38M
NOI $142,992 @ 7.0% cap · market cap 4.09%
Second Best
Mixed Use
$1.81M
$1.59M – $2.12M
NOI $126,900 @ 7.0% cap · market cap 3.63%
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.55M
NOI $153,206 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
279
Businesses Nearby
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Business Placement
Demographics for 80829, CO
5,343
Population
2,920
Households
1.8
Avg Household Size
48
Median Age
53%
College-Educated
97%
High-School Grad
20.1 sq mi
ZIP Area
266
Density / Sq Mi
$85,341
Median Household Income
$51,231
Median Earnings
$1,175
Median Rent
$567,000
Median Home Value
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Market
Properties on Market for Mixed-use properties in El Paso County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines commercial space, five residential units, and an existing Sevelli's lease.
Where is this mixed-use property located?
The property is located at 301 Manitou Avenue Manitou Springs, CO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10,000sf retail and warehouse building; Five residential units totaling 3000sf; Sevelli's lease in place
