307 S Hancock Ave, Colorado Springs, CO 80903
Single-story retail building with flexible MX-M zoning for a range of commercial uses.
- Added:
- Jun 26, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 1 at 3:51 am
Property Features for 307 S Hancock Ave
General Information
- Standard status
- Active
- Size
- 5,916 SF
- Lot size
- 0.41 Acres
- Property subtype
- RETAIL
Listing office Peak Commercial Properties (719) 759-9935
Listing date Jun 26, 2026
Source Moodyscre
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 Peak Commercial Properties
HighLights
- Single‑story retail building totaling 5,916 SF
- About 0.41 acres of land
- MX‑M zoning allows broad commercial use flexibility
- Located in the Downtown submarket of Colorado Springs with direct access to primary retail and civic corridors
Overview
The building is located in the Downtown submarket of Colorado Springs and provides direct access to the city’s primary retail and civic corridors.
With MX-M zoning, the property is positioned to accommodate a broad range of commercial uses, subject to approval of specific activities. This flexibility, combined with the single-story retail configuration, makes the asset a practical option for tenants or buyers seeking a downtown storefront-style property that can be tailored to their operating needs.
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 | $106.5k | $18.00 |
| − Vacancy | −$4.8k | −$0.81 |
| EGI | $101.7k | $17.19 |
| − OpEx | −$30.5k | −$5.16 |
| NOI | $71.2k | $12.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.8037092
- Latitude
- 38.8283037
