Versatile Building on Spacious
For Sale
$1,295,000
606 South Santa Fe Avenue, Fountain, CO 80817
4,620 SF building on 2.3 acres, excellent accessibility.
Property Size4,620 SF
Price / SF$280.30
Days on Market807
Property Features for 606 South Santa Fe Avenue
General Information
Standard status
Active
Size
4,620 SF
Property subtype
Restaurant
Zoning
RC
Building Details
Building Size
4,620 SF
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Kenny Juarbe
(719) 237-6065
Source:
Hoffleigh
Added: Jul 23, 2024
Changed: Sep 6
Last Checked: Oct 7 at 8:26AM
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 / Yr
$70,781
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
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
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 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
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Open Analytics
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
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?
Restaurant - 4,620 SF building on 2.3 acres, excellent accessibility.
Where is this restaurant located?
The property is located at 606 South Santa Fe Avenue 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.
