Freestanding Auto Shop with Drive-Through
For Sale
$1,050,000
3930 Galley Road, Colorado Springs, CO 80909
Commercial, Colorado Springs, CO
Property Size5,277 SF
Lot Size0.46 Acres
Price / SF$198.98
Days on Market138
Property Features for 3930 Galley Road
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11213
Amenities
Eight 10' x 10' Grade Level Doors
Two Drive-Thru Bays
Excellent Frontage
Large Pylon Signage
Remodeled Lobby
Move-in Ready
Building Details
Year built
1971
Listing Agency:
Better Homes and Gardens Real Estate Kenney & Company
(719) 550-1515
Listed By:
Calvin Tucker
(719) 465-4384
Added: Apr 30
Changed: Sep 2
Last Checked: Sep 14 at 9:06AM
MLS# 3619412
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,277-square-foot freestanding auto shop was built in 1971 and configured for automotive or service-industrial use. The building includes two drive-through bays and eight 10' x 10' grade-level doors, providing multiple points for vehicle movement and shop access. A remodeled front office and customer area presents updated finishes, while the service area features sealed concrete floors with epoxy coating and additional recent upgrades.
The property includes a fully fenced yard with two gated access points, along with pole signage and large pylon signage. It sits just off the signalized intersection of Galley Road and North Academy Blvd in Colorado Springs. MX-L zoning and the existing layout accommodate a range of automotive, contractor, and fleet-related operations supported by the current improvements.
The property includes a fully fenced yard with two gated access points, along with pole signage and large pylon signage. It sits just off the signalized intersection of Galley Road and North Academy Blvd in Colorado Springs. MX-L zoning and the existing layout accommodate a range of automotive, contractor, and fleet-related operations supported by the current improvements.
Key Highlights
- 5,277 SF freestanding building on 0.4591 acres
- Eight 10' x 10' grade‑level doors
- Two drive‑through bays for vehicle access
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
Flex RnD
$726.2K
$635.4K – $847.2K
NOI $50,833 @ 7.0% cap · market cap 4.84%
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
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Open Analytics
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
Well-served
Demand for This Use
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Colorado Springs, CO
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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 - Remodeled customer-facing areas, secured yard access, and flexible MX-L zoning support automotive service operations.
Where is this auto shop located?
The property is located at 3930 Galley Road 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 building on 0.4591 acres; Eight 10' x 10' grade‑level doors; Two drive‑through bays for vehicle access
