Starbucks-Anchored Coffee Shop
For Sale
Contact for pricing
541 W Hwy 105, Monument, CO 80132
Partially leased commercial property with additional space for an owner-user or future tenant.
Property Size3,162 SF
Price / SF$442.76
Days on Market56
Property Features for 541 W Hwy 105
General Information
Standard status
Active
Size
3,162 SF
Total Parking Spaces
20
Property subtype
Retail
Zoning
CC
Occupancy
51%
Additional Details
Highway Access
Yes
Building Details
Year Built
1971
Tenancy
Multi
Listing Agency:
Cushman & Wakefield Colorado Springs Commercial
Listed By:
Patrick Kerscher · License #CO 4045627
(719) 418-4065
Source:
Crexi
Added: Jul 29
Changed: Sep 22
Last Checked: Sep 22 at 3:12PM
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 Cushman & Wakefield Colorado Springs Commercial
Investment Insights
Based on property information with market context.
This 3,162 SF commercial property includes an operating 1,614 SF Starbucks location and 1,548 SF of unoccupied space. The existing coffee shop component remains in place, while the balance provides room for a separate occupant or an owner-user configuration. The building dates to 1971 and carries CC zoning.
Located at 541 W Hwy 105 in Monument, the property sits along the Highway 105 corridor near I-25 and downtown Monument. Its position provides access to the regional highway network and places the asset within the Tri-Lakes area. The combination of an established coffee shop and available commercial space creates a two-part property configuration for an investor or business operator.
Located at 541 W Hwy 105 in Monument, the property sits along the Highway 105 corridor near I-25 and downtown Monument. Its position provides access to the regional highway network and places the asset within the Tri-Lakes area. The combination of an established coffee shop and available commercial space creates a two-part property configuration for an investor or business operator.
Key Highlights
- Existing Starbucks occupies 1,614 SF
- 1,548 SF of commercial space is available
- 3,162 SF total property size
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
$48,444
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
3.46%
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%
$968,880
$968.9K
Cap Rate 7%
$692,057
$692.1K
Cap Rate 9%
$538,267
$538.3K
Market Conditions
NOI Build-Up for 3,162 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
$67.9K $21.48/SF
− Vacancy
−$3.3K −$1.05/SF
EGI
$64.6K $20.43/SF
− OpEx
−$16.1K −$5.11/SF
NOI
$48.4K $15.32/SF
Area
El Paso County, CO
Vacancy
4.90%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
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%
$968,880
Cap Rate 7%
$692,057
Cap Rate 9%
$538,267
Alternative Uses
Best Use
Specialty Retail
$692.1K
$605.6K – $807.4K
NOI $48,444 @ 7.0% cap · market cap 3.46%
Second Best
Retail
$645.9K
$565.2K – $753.6K
NOI $45,214 @ 7.0% cap · market cap 3.23%
Theoretical Best
Multifamily LT 5
$42.16M
$36.89M – $49.19M
NOI $2,951,505 @ 7.0% cap · market cap 210.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80132, CO
27,533
Population
10,413
Households
2.6
Avg Household Size
44
Median Age
58%
College-Educated
98%
High-School Grad
39.9 sq mi
ZIP Area
690
Density / Sq Mi
$155,176
Median Household Income
$62,826
Median Earnings
$2,134
Median Rent
$700,900
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 Retail in West region
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Frequently Asked Questions
What type of property is this?
Coffee shop - Partially leased commercial property with additional space for an owner-user or future tenant.
Where is this coffee shop located?
The property is located at 541 W Hwy 105 Monument, CO.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Existing Starbucks occupies 1,614 SF; 1,548 SF of commercial space is available; 3,162 SF total property size
