Retail-Office Building with Storage
For Sale
Contact for pricing
Pending
594 S Santa Fe Ave, Fountain, CO 80817
High-visibility building with retail/office frontage, back garage space, and two fenced storage yards with separate access.
Property Size1,980 SF
Days on Market269
Property Features for 594 S Santa Fe Ave
General Information
Standard status
Pending
Size
1,980 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
Trent Properties Group
(719) 630-1600
Listed By:
Jerry Trent · License #EA.1318522
(719) 338-1309
Source:
Moodyscre
Added: Dec 19, 2025
Changed: Sep 3
Last Checked: Sep 13 at 9:36AM
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 Trent Properties Group
Investment Insights
Based on property information with market context.
This commercial property combines retail and office space at the front with garage space toward the rear. The back area includes two roll-up doors for vehicle and loading access, and the site also features two large fenced storage yards. One yard has access to the back of the building, while the other is positioned on the north side and can be locked separately.
Located on S Santa Fe Ave near the intersection with I-25, the building is positioned for strong visibility along this corridor. The combination of front retail/office and enclosed back storage and yard space supports flexible day-to-day operations for a single owner or multiple users.
Located on S Santa Fe Ave near the intersection with I-25, the building is positioned for strong visibility along this corridor. The combination of front retail/office and enclosed back storage and yard space supports flexible day-to-day operations for a single owner or multiple users.
Key Highlights
- High‑visibility commercial building and land on S Santa Fe Ave near the intersection with I‑25
- Front space includes retail/office, with garage space in the back
- Back garage includes 2 roll‑up doors
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
$28,312
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
4.04%
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%
$566,240
$566.2K
Cap Rate 7%
$404,457
$404.5K
Cap Rate 9%
$314,578
$314.6K
Market Conditions
NOI Build-Up for 1,980 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
$42.5K $21.48/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$40.4K $20.43/SF
− OpEx
−$12.1K −$6.13/SF
NOI
$28.3K $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 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%
$566,240
Cap Rate 7%
$404,457
Cap Rate 9%
$314,578
Alternative Uses
Best Use
Retail
$404.5K
$353.9K – $471.9K
NOI $28,312 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$26.40M
$23.10M – $30.80M
NOI $1,848,191 @ 7.0% cap · market cap 264.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
41k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Hotels & Casinos 1%
Loaf 'N Jug
Shops & Services
19,891 visits/mo
0.5 miles
Conoco
Shops & Services
12,221 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,641 visits/mo
0.1 miles
Super 8 Fountain
Hotels & Casinos
366 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - High-visibility building with retail/office frontage, back garage space, and two fenced storage yards with separate access.
Where is this storefront property located?
The property is located at 594 S Santa Fe Ave Fountain, CO.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: High‑visibility commercial building and land on S Santa Fe Ave near the intersection with I‑25; Front space includes retail/office, with garage space in the back; Back garage includes 2 roll‑up doors
