Auto Shop with Recent
For Sale
Contact for pricing
3930 Galley Rd, Colorado Springs, CO
Clean auto shop with fenced yard and drive-through capability.
Property Size5,337 SF
Lot Size0.46 Acres
Price / SF$196.74
Days on Market267
Property Features for 3930 Galley Rd
General Information
Standard status
Active
Size
5,337 SF
Lot size
0.46 Acres
Property subtype
RETAIL
Listing Agency:
Hoff & Leigh
(719) 237-6065
Listed By:
Kenny Juarbe
(719) 237-6065
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:13PM
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
Investment Insights
Based on property information with market context.
Located at the intersection of North Academy Boulevard and Galley Road, this property is currently configured as a very clean auto shop with many recent upgrades. The zoning also allows for auto sales and retail uses. The shop features a sealed floor with two-part epoxy, new insulation, a new parking lot, and a new waiting area. It includes drive-through capability, customer and shop bathrooms, and a nice waiting/customer area. The property also features a fenced yard with overhead door access and two security gates. The building size is 5,337 square feet.
Key Highlights
- Great Location at North Academy Blvd & Galley Road
- Zoning allows auto sales and retail uses
- Very clean auto shop with many recent upgrades
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
$64,220
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
6.12%
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%
$1,284,400
$1.3M
Cap Rate 7%
$917,429
$917.4K
Cap Rate 9%
$713,556
$713.6K
Market Conditions
NOI Build-Up for 5,337 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
$96.1K $18.00/SF
− Vacancy
−$4.3K −$0.81/SF
EGI
$91.7K $17.19/SF
− OpEx
−$27.5K −$5.16/SF
NOI
$64.2K $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 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%
$1,284,400
Cap Rate 7%
$917,429
Cap Rate 9%
$713,556
Alternative Uses
Best Use
Retail
$917.4K
$802.8K – $1.07M
NOI $64,220 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$691.9K
$605.4K – $807.2K
NOI $48,430 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$1.05M
$922.2K – $1.23M
NOI $73,779 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,437
Businesses Nearby
600k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 27%
Apparel 15%
Groceries 6%
Raising Cane's Chicken Fingers
Dining
49,002 visits/mo
0.2 miles
Chick-fil-A
Dining
43,601 visits/mo
0.5 miles
Olive Garden
Dining
31,577 visits/mo
0.4 miles
Five Below
Shops & Services
31,051 visits/mo
0.1 miles
Burlington
Apparel
29,650 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- El Gto — 3475 Pine Tree Square, Colorado Springs, CO 80909
- Full Throttle Auto Service — 305 N Chelton Rd, Colorado Springs, CO 80909
- Auto Masters — 3310 Chelton Loop N, Colorado Springs, CO 80909
- 1 Stop Auto Detail Inc — 3315 Chelton Loop N c, Colorado Springs, CO 80909
- Patterson Brothers Automotive — 207 N Chelton Rd Unit 100, Colorado Springs, CO 80909
Frequently Asked Questions
What type of property is this?
Auto shop - Clean auto shop with fenced yard and drive-through capability.
Where is this auto shop located?
The property is located at 3930 Galley Rd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Great Location at North Academy Blvd & Galley Road; Zoning allows auto sales and retail uses; Very clean auto shop with many recent upgrades
