Circle Drive Automotive/Retail
For Sale
Contact for pricing
400 N Circle Dr, Colorado Springs, CO 80909
Automotive/Retail property with multiple structures and fenced yard.
Property Size4,040 SF
Price / SF$221.53
Days on Market219
Property Features for 400 N Circle Dr
General Information
Standard status
Active
Size
4,040 SF
Property subtype
Retail
Zoning
MX-L
Building Details
Year Built
1964
Listing Agency:
RE/MAX Properties Inc
Listed By:
Cole Underwood · License #CO 40035560
(719) 200-4610
Source:
Crexi
Added: Mar 2
Changed: Oct 4
Last Checked: Oct 5 at 3:13PM
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 RE/MAX Properties Inc
Investment Insights
Based on property information with market context.
This property, situated with frontage on Circle Drive just south of Platte, features multiple structures totaling approximately 4,040 square feet. The main building includes a showroom area, office space, a restroom, and a shop area. The remaining three structures each have 8'x8' overhead doors for access and offer ample storage space. The yard is fully fenced and includes an outdoor wash bay. The property is currently zoned MX-L.
Key Highlights
- High‑visibility location with Circle frontage south of Platte.
- Multiple buildings totaling approximately 4,040 sq ft, offering versatile space.
- Zoned MX‑L, allowing for a mix of uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,613
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,260
$972.3K
Cap Rate 7%
$694,471
$694.5K
Cap Rate 9%
$540,144
$540.1K
Market Conditions
NOI Build-Up for 4,040 SF
Gross rent
$72.7K $18.00/SF
− Vacancy
−$3.3K −$0.81/SF
EGI
$69.4K $17.19/SF
− OpEx
−$20.8K −$5.16/SF
NOI
$48.6K $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%
$972,260
Cap Rate 7%
$694,471
Cap Rate 9%
$540,144
Alternative Uses
Best Use
Retail
$694.5K
$607.7K – $810.2K
NOI $48,613 @ 7.0% cap · market cap 5.43%
Second Best
Industrial
$523.7K
$458.3K – $611.0K
NOI $36,660 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$797.8K
$698.1K – $930.8K
NOI $55,849 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
953
Businesses Nearby
45k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 51%
Shops & Services 49%
Save-A-Lot
Groceries
22,931 visits/mo
0.1 miles
Maverik Adventures First Stop
Shops & Services
14,231 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,688 visits/mo
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Automotive/Retail property with multiple structures and fenced yard.
Where is this automotive property located?
The property is located at 400 N Circle Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑visibility location with Circle frontage south of Platte.; Multiple buildings totaling approximately 4,040 sq ft, offering versatile space.; Zoned MX‑L, allowing for a mix of uses.
