Freestanding Auto Parts Retail
For Sale
Contact for pricing
5826 Tutt Blvd, Colorado Springs, CO 80923
Freestanding auto parts building on a large lot with a net-lease structure and more than four years remaining.
Property Size5,857 SF
Lot Size0.99 Acres
Price / SF$283.28
Days on Market104
Property Features for 5826 Tutt Blvd
General Information
Standard status
Active
Size
5,857 SF
Total Parking Spaces
36
Lot size
0.99 Acres
Property subtype
Retail
Zoning
MX-M AO
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$126,927
Building Details
Year Built
2005
Buildings
1
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #B200300608
(888) 737-2264
Source:
Crexi
Added: Jun 11
Changed: Sep 21
Last Checked: Sep 21 at 6:37AM
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 Bang Realty
Investment Insights
Based on property information with market context.
This offering includes a freestanding Advance Auto Parts building constructed in 2005. The property totals 5,857 square feet and is situated on a 10.99-acre lot, providing room for operations on-site. The sale includes a net lease with more than four years remaining.
The property is located at 5826 Tutt Blvd in Colorado Springs, Colorado. As a freestanding retail asset, it is designed to support an automotive parts business with dedicated site improvements and lot space for day-to-day use.
For buyers seeking a single-tenant, net-leased retail option with a remaining lease term of over four years, this building offers a straightforward structure centered on an auto parts tenant. Its freestanding format and larger lot size can be attractive for operators and investors looking for an automotive-oriented site configuration with ongoing leased occupancy.
The property is located at 5826 Tutt Blvd in Colorado Springs, Colorado. As a freestanding retail asset, it is designed to support an automotive parts business with dedicated site improvements and lot space for day-to-day use.
For buyers seeking a single-tenant, net-leased retail option with a remaining lease term of over four years, this building offers a straightforward structure centered on an auto parts tenant. Its freestanding format and larger lot size can be attractive for operators and investors looking for an automotive-oriented site configuration with ongoing leased occupancy.
Key Highlights
- Advance Auto Parts net‑lease offering with more than 4 years remaining on the NN lease
- Freestanding 15,857‑SF building built in 2005
- Located on a 10.99‑acre lot
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
$70,477
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
4.25%
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%
$1,409,540
$1.4M
Cap Rate 7%
$1,006,814
$1.0M
Cap Rate 9%
$783,078
$783.1K
Market Conditions
NOI Build-Up for 5,857 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
$105.4K $18.00/SF
− Vacancy
−$4.7K −$0.81/SF
EGI
$100.7K $17.19/SF
− OpEx
−$30.2K −$5.16/SF
NOI
$70.5K $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 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%
$1,409,540
Cap Rate 7%
$1,006,814
Cap Rate 9%
$783,078
Alternative Uses
Best Use
Retail
$1.01M
$881.0K – $1.17M
NOI $70,477 @ 7.0% cap · market cap 4.25%
Second Best
Industrial
$759.3K
$664.4K – $885.8K
NOI $53,148 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $80,967 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
237k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Groceries 27%
Shops & Services 16%
Home Improvements & Furnishings 4%
King Soopers
Groceries
64,483 visits/mo
0.2 miles
McDonald's
Dining
28,998 visits/mo
0.3 miles
King Soopers Fuel Center
Shops & Services
17,329 visits/mo
0.2 miles
Freddy's Frozen Custard & Steakburgers
Dining
12,495 visits/mo
0.3 miles
Wendy's
Dining
10,921 visits/mo
0.2 miles
Demographics for 80923, CO
31,849
Population
12,905
Households
2.5
Avg Household Size
35
Median Age
49%
College-Educated
96%
High-School Grad
7.0 sq mi
ZIP Area
4,550
Density / Sq Mi
$103,556
Median Household Income
$54,282
Median Earnings
$1,997
Median Rent
$448,800
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
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- Firestone Complete Auto Care — 5916 Stetson Hills Blvd, Colorado Springs, CO 80923
- Jiffy Lube — 5838 Tutt Blvd, Colorado Springs, CO 80922
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding auto parts building on a large lot with a net-lease structure and more than four years remaining.
Where is this auto shop located?
The property is located at 5826 Tutt Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,659,176.
What are key features of this property?
This property features: Advance Auto Parts net‑lease offering with more than 4 years remaining on the NN lease; Freestanding 15,857‑SF building built in 2005; Located on a 10.99‑acre lot
