Corner Retail
For Sale
Contact for pricing
408 N Santa Fe Ave, Fountain, CO 80817
Corner retail space with two water taps, ample parking, and a level lot near the Fire Department and Police Station.
Property Size1,201 SF
Price / SF$416.32
Days on Market843
Property Features for 408 N Santa Fe Ave
General Information
Standard status
Active
Size
1,201 SF
Class
D
Property subtype
RETAIL
Zoning
CU
Building Details
Year Built
1968
Listing Agency:
BHHS - Synergy Realty Group | Colorado Springs
(719) 660-5223
Listed By:
Charles D’Alessio
(719) 660-5223
Source:
Moodyscre
Added: Apr 11, 2024
Changed: Jul 26
Last Checked: Jul 31 at 1:03PM
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 BHHS - Synergy Realty Group | Colorado Springs
Investment Insights
Based on property information with market context.
This retail storefront property offers two water taps and is part of a configuration that can be sold individually or as a set of three adjoined properties. The building is classified as Class D and was built in 1968, with zoning listed as CU.
The site is located on the corner of a major intersection (N Santa Fe & Alabama) in Fountain, CO. On-site parking and a nice level lot support everyday customer access, and the property is positioned near the Fire Department and Police Station.
The offering includes flexibility for buyers considering a single unit versus combining multiple adjacent properties, with the lease option noted in the remarks.
The site is located on the corner of a major intersection (N Santa Fe & Alabama) in Fountain, CO. On-site parking and a nice level lot support everyday customer access, and the property is positioned near the Fire Department and Police Station.
The offering includes flexibility for buyers considering a single unit versus combining multiple adjacent properties, with the lease option noted in the remarks.
Key Highlights
- Corner retail space in Fountain at N Santa Fe & Alabama
- Two water taps on the property
- Lots of parking and a nice, level lot
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.8k | $21.48 |
| − Vacancy | −$1.3k | −$1.05 |
| EGI | $24.5k | $20.43 |
| − OpEx | −$7.4k | −$6.13 |
| NOI | $17.2k | $14.30 |
1,201 SF · lease $21.48/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$245.3K
$214.7K – $286.2K
NOI $17,173 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$16.01M
$14.01M – $18.68M
NOI $1,121,049 @ 7.0% cap · market cap 224.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
388
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Caliber Collision
Shops & Services
388 visits/mo
0.4 miles
Demographics for 80817, CO
31,621
Population
11,649
Households
2.7
Avg Household Size
31
Median Age
32%
College-Educated
95%
High-School Grad
115.1 sq mi
ZIP Area
275
Density / Sq Mi
$85,121
Median Household Income
$50,434
Median Earnings
$1,758
Median Rent
$377,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner retail space with two water taps, ample parking, and a level lot near the Fire Department and Police Station.
Where is this storefront property located?
The property is located at 408 N Santa Fe Ave Fountain, CO.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Corner retail space in Fountain at N Santa Fe & Alabama; Two water taps on the property; Lots of parking and a nice, level lot
