Retail Storefront with
For Sale
Contact for pricing
4646 N Nevada Ave, Colorado Springs, CO 80918
Operating liquor store offered with real estate, inventory, and an insulated mezzanine with rear access.
Property Size3,334 SF
Price / SF$254.95
Days on Market175
Property Features for 4646 N Nevada Ave
General Information
Standard status
Active
Size
3,334 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1972
Tenancy
Single
Listing Agency:
Transworld Commercial Real Estate
(970) 690-0265
Listed By:
Phil Kubat · License #TX 9013356
Source:
Crexi
Added: Mar 10
Changed: Aug 31
Last Checked: Aug 31 at 2:00AM
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 Transworld Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,334-square-foot retail storefront, built in 1972, is currently operating as a liquor store. The offering includes the real estate and existing inventory, providing a defined operating setup for a new owner. An insulated second-floor mezzanine with separate rear access adds usable space within the building.
The property is located at 4646 N Nevada Ave in Colorado Springs, near the intersection of Austin Bluffs Parkway and North Nevada Avenue. Nearby national retailers include Costco, Trader Joe’s, Kohl’s, Petco, Lowe’s, and Starbucks, creating a retail-oriented surrounding context.
The property is located at 4646 N Nevada Ave in Colorado Springs, near the intersection of Austin Bluffs Parkway and North Nevada Avenue. Nearby national retailers include Costco, Trader Joe’s, Kohl’s, Petco, Lowe’s, and Starbucks, creating a retail-oriented surrounding context.
Key Highlights
- 3,334‑square‑foot retail storefront built in 1972
- Sale includes the real estate and existing inventory
- Insulated second‑floor mezzanine with rear 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
$42,258
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
4.97%
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%
$845,160
$845.2K
Cap Rate 7%
$603,686
$603.7K
Cap Rate 9%
$469,533
$469.5K
Market Conditions
NOI Build-Up for 3,334 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
$63.2K $18.96/SF
− Vacancy
−$2.8K −$0.85/SF
EGI
$60.4K $18.11/SF
− OpEx
−$18.1K −$5.43/SF
NOI
$42.3K $12.67/SF
Area
ZIP 80918
Vacancy
4.50%
Lease Rate
$18.96 /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%
$845,160
Cap Rate 7%
$603,686
Cap Rate 9%
$469,533
Alternative Uses
Best Use
Retail
$603.7K
$528.2K – $704.3K
NOI $42,258 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$852.1K
$745.6K – $994.2K
NOI $59,650 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
890
Businesses Nearby
271k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Apparel 15%
Shops & Services 15%
Home Improvements & Furnishings 14%
Kohl's
Apparel
41,936 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
35,716 visits/mo
0.3 miles
McDonald's
Dining
33,460 visits/mo
0.5 miles
BJ's Restaurant and Brewhouse
Dining
24,675 visits/mo
0.4 miles
Starbucks
Dining
19,557 visits/mo
0.3 miles
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value
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?
Storefront property - Operating liquor store offered with real estate, inventory, and an insulated mezzanine with rear access.
Where is this storefront property located?
The property is located at 4646 N Nevada Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 3,334‑square‑foot retail storefront built in 1972; Sale includes the real estate and existing inventory; Insulated second‑floor mezzanine with rear access
