Retail Property on Santa
For Sale
$300,000
410 N Santa Fe Ave, Fountain, CO 80817
Retail property for sale with two water taps.
Property Size1,201 SF
Price / SF$249.79
Days on Market210
Property Features for 410 N Santa Fe Ave
General Information
Standard status
Active
Size
1,201 SF
Building Details
Year Built
1949
Listing Agency:
Berkshire Hathaway HomeServices Synergy Realty Group
Listed By:
Charles D'Alessio · License #40034206
(719) 418-5001
Source:
Tiffanyhometeam
Added: Mar 26
Changed: Oct 3
Last Checked: Oct 7 at 12:55PM
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 Berkshire Hathaway HomeServices Synergy Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property, with a size of 1201 square feet, is located on N Santa Fe Avenue. It is intended for retail use. The property will be sold together with the properties located at 404 and 408 N. Santa Fe Avenue, Fountain, CO 80817 as one lot. None of the properties shall be sold individually but may be marketed individually due to separate schedule numbers for sale unless otherwise agreed upon by the seller. The property has two water taps.
Key Highlights
- Sold as a lot with 404 and 408 N. Santa Fe Avenue.
- Two water taps included.
- All parcels to be sold together.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,173
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,460
$343.5K
Cap Rate 7%
$245,329
$245.3K
Cap Rate 9%
$190,811
$190.8K
Market Conditions
NOI Build-Up for 1,201 SF
Gross rent
$25.8K $21.48/SF
− Vacancy
−$1.3K −$1.05/SF
EGI
$24.5K $20.43/SF
− OpEx
−$7.4K −$6.13/SF
NOI
$17.2K $14.30/SF
Area
El Paso County, CO
Vacancy
4.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,460
Cap Rate 7%
$245,329
Cap Rate 9%
$190,811
Alternative Uses
Best Use
Retail
$245.3K
$214.7K – $286.2K
NOI $17,173 @ 7.0% cap · market cap 5.72%
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 373.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
48k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Hotels & Casinos 1%
Loaf 'N Jug
Shops & Services
19,891 visits/mo
0.3 miles
Conoco
Shops & Services
12,221 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,641 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,617 visits/mo
0.4 miles
Super 8 Fountain
Hotels & Casinos
366 visits/mo
0.5 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property for sale with two water taps.
Where is this retail space located?
The property is located at 410 N Santa Fe Ave Fountain, CO.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Sold as a lot with 404 and 408 N. Santa Fe Avenue.; Two water taps included.; All parcels to be sold together.
