Retail Building with
3601 W Colorado Ave, Colorado Springs, CO 80904
For Sale
Contact for pricing
Freestanding operation includes a customer-facing drive-thru window and on-site parking.
Property Size1,707 SF
Lot Size0.27 Acres
Price / SF$409.49
Days on Market28
Property Features for 3601 W Colorado Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Drive-Thru
Additional Details
Business Included
Currently Operating
Amenities
on-site parking
prominent signage
Building Details
Buildings
Listing Agency:
Madison Commercial Properties
(303) 771-3850
Listed By:
Brian Costello · License CO FA100074241
(720) 935-5656
Source:
Moodyscre
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 10 at 8:45AM
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 Madison Commercial Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Bob’s Westside Liquors operates in a freestanding retail building, with the business and its underlying real estate offered together. The building contains 1,707 square feet and sits on approximately 0.27 acres. A drive-thru window, on-site parking, and prominent signage are among the property’s features.
The property is at 3601 W Colorado Ave in west Colorado Springs, with customer access from the site.
The property is at 3601 W Colorado Ave in west Colorado Springs, with customer access from the site.
Key Highlights
- Business and underlying real estate offered together
- 1,707‑square‑foot freestanding retail building
- Approximately 0.27 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,540
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,800
$410.8K
Cap Rate 7%
$293,429
$293.4K
Cap Rate 9%
$228,222
$228.2K
Market Conditions
NOI Build-Up for 1,707 SF
Gross rent
$30.7K $18.00/SF
− Vacancy
−$1.4K −$0.81/SF
EGI
$29.3K $17.19/SF
− OpEx
−$8.8K −$5.16/SF
NOI
$20.5K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,800
Cap Rate 7%
$293,429
Cap Rate 9%
$228,222
Alternative Uses
Best Use
Retail
$293.4K
$256.8K – $342.3K
NOI $20,540 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$337.1K
$295.0K – $393.3K
NOI $23,598 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
41k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 71%
Dining 24%
Apparel 5%
Hotels & Casinos 1%
Safeway
Groceries
29,290 visits/mo
0.4 miles
SONIC Drive In
Dining
7,550 visits/mo
0.3 miles
Domino's Pizza
Dining
2,246 visits/mo
0.4 miles
Carhartt
Apparel
1,953 visits/mo
0.5 miles
Quality Inn
Hotels & Casinos
262 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Retail space in Colorado Springs
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding operation includes a customer-facing drive-thru window and on-site parking.
Where is this retail space located?
The property is located at 3601 W Colorado Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Business and underlying real estate offered together; 1,707‑square‑foot freestanding retail building; Approximately 0.27 acres
