Mixed-Use Property with Auto
New
For Sale
$450,000
307 N Santa Fe Avenue, Fountain, CO 80817
Two-building property combines an equipped repair facility with a residence convertible to commercial use under CMU zoning.
Property Size2,064 SF
Lot Size0.32 Acres
Days on Market5
Property Features for 307 N Santa Fe Avenue
General Information
Standard status
Active
Size
2,064 SF
Lot size
0.32 Acres
Property subtype
Commercial
Zoning
CMU
Additional Details
Utilities to Site
Yes
Service Bays
3
Taxes and HOA fees
Annual Taxes
$2,635
Amenities
private bathroom
200-amp electrical panel
grease interceptor
hydraulic lifts
detached shed
metal roof
natural gas service
insulated walls and ceiling
recently updated sewer and water lines
Building Details
Building Size
2,064 SF
Year Built
1954
Buildings
2
Units
2
Listing Agency:
SYNERGY REALTY GROUP INC.
(719) 418-5001
Listed By:
Charles D'Alessio · License #40034206
(719) 418-5001
Source:
Coloradopartners
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 21 at 1:55PM
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 SYNERGY REALTY GROUP INC.
Investment Insights
Based on property information with market context.
Located at 307 N Santa Fe Avenue in Fountain, Colorado, this mixed-use property includes a 1,200-square-foot auto repair building and a separate 864-square-foot residential structure on a 14,000-square-foot lot. The shop has a metal roof, natural gas, insulated walls and ceiling, a 12-foot ceiling, a 10-foot overhead door, multiple service and entry doors, a private bathroom, a 200-amp electrical panel, and a grease interceptor. Updated sewer and water lines support the property’s existing infrastructure. Three hydraulic lifts are included, with one inside the shop and two in the rear service yard. A detached shed adds storage capacity.
The second building is configured as a one-bedroom residence with a kitchen, tile flooring, half bath, separate shower area, and its own storage shed. CMU zoning allows this structure to be converted to commercial use. The property also provides onsite parking and additional room for storage or equipment. Built in 1954, the two-building layout supports combined commercial and residential occupancy, subject to applicable regulations.
The second building is configured as a one-bedroom residence with a kitchen, tile flooring, half bath, separate shower area, and its own storage shed. CMU zoning allows this structure to be converted to commercial use. The property also provides onsite parking and additional room for storage or equipment. Built in 1954, the two-building layout supports combined commercial and residential occupancy, subject to applicable regulations.
Key Highlights
- 1,200‑square‑foot auto repair shop on a 14,000‑square‑foot lot
- 12‑foot ceiling, 10‑foot overhead door, 8x15 side door, and additional 8‑foot entry
- Three hydraulic lifts: one inside and two in the rear service yard
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
$29,514
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
6.56%
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%
$590,280
$590.3K
Cap Rate 7%
$421,629
$421.6K
Cap Rate 9%
$327,933
$327.9K
Market Conditions
NOI Build-Up for 2,064 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
$44.3K $21.48/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$42.2K $20.43/SF
− OpEx
−$12.6K −$6.13/SF
NOI
$29.5K $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 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%
$590,280
Cap Rate 7%
$421,629
Cap Rate 9%
$327,933
Alternative Uses
Best Use
Retail
$421.6K
$368.9K – $491.9K
NOI $29,514 @ 7.0% cap · market cap 6.56%
Second Best
Mixed Use
$374.2K
$327.4K – $436.5K
NOI $26,192 @ 7.0% cap · market cap 5.82%
Theoretical Best
Multifamily LT 5
$27.52M
$24.08M – $32.11M
NOI $1,926,599 @ 7.0% cap · market cap 428.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Loaf 'N Jug
Shops & Services
19,891 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,617 visits/mo
0.1 miles
Demographics for 80817, CO
31,621
Population
11,649
Households
2.7
Avg Household Size
31
Median Age
32%
College-Educated
95%
High-School Grad
115.1 sq mi
ZIP Area
275
Density / Sq Mi
$85,121
Median Household Income
$50,434
Median Earnings
$1,758
Median Rent
$377,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-building property combines an equipped repair facility with a residence convertible to commercial use under CMU zoning.
Where is this mixed-use property located?
The property is located at 307 N Santa Fe Avenue Fountain, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,200‑square‑foot auto repair shop on a 14,000‑square‑foot lot; 12‑foot ceiling, 10‑foot overhead door, 8x15 side door, and additional 8‑foot entry; Three hydraulic lifts: one inside and two in the rear service yard
