Freestanding Auto Service
For Sale
Contact for pricing
3930 Galley Rd, Colorado Springs, CO 80909
Freestanding industrial facility with two drive-through bays, eight grade-level doors, and a fenced yard with dual gated access.
Property Size5,277 SF
Price / SF$198.98
Days on Market183
Property Features for 3930 Galley Rd
General Information
Standard status
Active
Size
5,277 SF
Property subtype
RETAIL
Zoning
MX-L
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
8
Service Bays
2
Listing Agency:
Hoff & Leigh
(719) 237-6065
Listed By:
Kenny Juarbe
(719) 237-6065
Source:
Moodyscre
Added: Feb 9
Changed: Aug 8
Last Checked: Aug 11 at 2:27PM
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.
This freestanding industrial building is designed for automotive or service-industrial use and includes two full drive-through bays. The property offers eight 10’ x 10’ grade-level doors and a fully fenced yard with dual gated access to support secure vehicle flow.
A front-facing office and customer area has been recently remodeled with modern finishes. The shop area features sealed concrete floors with epoxy coating and recent upgrades intended to support move-in readiness for vehicle service or contractor operations.
The property is positioned just off the signalized intersection of Galley Road and North Academy Blvd, with prominent pole signage. Flexible MX-L zoning is referenced in the remarks.
A front-facing office and customer area has been recently remodeled with modern finishes. The shop area features sealed concrete floors with epoxy coating and recent upgrades intended to support move-in readiness for vehicle service or contractor operations.
The property is positioned just off the signalized intersection of Galley Road and North Academy Blvd, with prominent pole signage. Flexible MX-L zoning is referenced in the remarks.
Key Highlights
- ±5,277 SF freestanding industrial building located just off the signalized intersection of Galley Rd and North Academy Blvd
- Two full drive‑through bays plus eight 10’ x 10’ grade‑level doors for efficient service and vehicle flow
- Fully fenced yard with dual gated access, designed for secure vehicle movement
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
$63,498
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
6.05%
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%
$1,269,960
$1.3M
Cap Rate 7%
$907,114
$907.1K
Cap Rate 9%
$705,533
$705.5K
Market Conditions
NOI Build-Up for 5,277 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
$95.0K $18.00/SF
− Vacancy
−$4.3K −$0.81/SF
EGI
$90.7K $17.19/SF
− OpEx
−$27.2K −$5.16/SF
NOI
$63.5K $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 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%
$1,269,960
Cap Rate 7%
$907,114
Cap Rate 9%
$705,533
Alternative Uses
Best Use
Retail
$907.1K
$793.7K – $1.06M
NOI $63,498 @ 7.0% cap · market cap 6.05%
Second Best
Industrial
$684.1K
$598.6K – $798.1K
NOI $47,885 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$1.04M
$911.9K – $1.22M
NOI $72,949 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Drive-in doors
2
Service bays
Yes
Fenced yard
Yes
Paved road access
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
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Patterson Brothers Automotive — 207 N Chelton Rd Unit 100, Colorado Springs, CO 80909
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding industrial facility with two drive-through bays, eight grade-level doors, and a fenced yard with dual gated access.
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: ±5,277 SF freestanding industrial building located just off the signalized intersection of Galley Rd and North Academy Blvd; Two full drive‑through bays plus eight 10’ x 10’ grade‑level doors for efficient service and vehicle flow; Fully fenced yard with dual gated access, designed for secure vehicle movement
