Versatile Building on Spacious
For Sale
Contact for pricing
606 S Santa Fe, Fountain, CO
4,620 SF building on 2.3 acres, excellent accessibility.
Property Size4,620 SF
Lot Size2.32 Acres
Price / SF$280.30
Days on Market291
Property Features for 606 S Santa Fe
General Information
Standard status
Active
Size
4,620 SF
Lot size
2.32 Acres
Property subtype
RETAIL
Listing Agency:
Hoff & Leigh
(719) 237-6065
Listed By:
Kenny Juarbe
(719) 237-6065
Source:
Moodyscre
Added: Nov 3, 2025
Changed: Aug 8
Last Checked: Aug 20 at 1:22PM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
The property is a 4,620 square foot building situated on a 2.3-acre lot. Located at 606 S Santa Fe Avenue, it is positioned right off I-25, offering excellent accessibility and visibility. Currently occupied by Fountain Creek Winery & Eatery, the versatile layout is suitable for a variety of business uses. The building is owner-occupied, and the business and FF&E could be included in the sale. For investors, there is an option for a sale/leaseback with the current tenant, providing immediate income potential.
Key Highlights
- Excellent accessibility and visibility right off I‑25.
- Spacious 2.3‑acre lot.
- Versatile 4,620 SF building suitable for a variety of business uses.
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
$70,781
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
5.47%
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%
$1,415,620
$1.4M
Cap Rate 7%
$1,011,157
$1.0M
Cap Rate 9%
$786,456
$786.5K
Market Conditions
NOI Build-Up for 4,620 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
$99.2K $21.48/SF
− Vacancy
−$4.9K −$1.05/SF
EGI
$94.4K $20.43/SF
− OpEx
−$23.6K −$5.11/SF
NOI
$70.8K $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%
$1,415,620
Cap Rate 7%
$1,011,157
Cap Rate 9%
$786,456
Alternative Uses
Best Use
Specialty Retail
$1.01M
$884.8K – $1.18M
NOI $70,781 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$943.7K
$825.8K – $1.10M
NOI $66,062 @ 7.0% cap · market cap 5.10%
Theoretical Best
Multifamily LT 5
$61.61M
$53.91M – $71.87M
NOI $4,312,446 @ 7.0% cap · market cap 333.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Restaurant - 4,620 SF building on 2.3 acres, excellent accessibility.
Where is this restaurant located?
The property is located at 606 S Santa Fe Fountain, CO.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Excellent accessibility and visibility right off I‑25.; Spacious 2.3‑acre lot.; Versatile 4,620 SF building suitable for a variety of business uses.
