Multi-Tenant Mixed-Use
700 West US Highway 24, Woodland Park, CO 64050
For Sale
Contact for pricing
Unfinished basement, packaged HVAC, and oversized drive-ins support varied commercial configurations.
Property Size10,524 SF
Lot Size1.14 Acres
Price / SF$332.57
Days on Market102
Property Features for 700 West US Highway 24
General Information
Standard status
Size
Class
Lot size
Property subtype
Investment Type
Financials
Asking Price
Cap Rate
Additional Details
Highway Access
Amenities
unfinished basement with 2 vaults
100% packaged HVAC
5 oversized drive-ins
Building Details
Buildings
Tenancy
Building Size
Parking Ratio
Listing Agency:
Core Commercial Brokerage (CO)
Listed By:
Parker Curry · License CO EA100076936
(719) 822-1880
Source:
Crexi
Added: Aug 5
Changed: Nov 13
Last Checked: Nov 12 at 5:04AM
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 Core Commercial Brokerage (CO)
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Investment Insights
Based on property information with market context.
Located at 700 West US Highway 24 in downtown Woodland Park, this 10,524-square-foot mixed-use building occupies 1.14 acres and is configured for multiple commercial occupants. The property includes an unfinished basement with 2 vaults, 100% packaged HVAC throughout, and 5 oversized drive-ins.
The building’s stated potential uses include medical and dental office, banking, chiropractic, general office, retail/showroom, and professional services. Parking is provided at a ratio of 6 spaces per 1,000 RSF, adding practical support for a range of office, service, and retail configurations.
The building’s stated potential uses include medical and dental office, banking, chiropractic, general office, retail/showroom, and professional services. Parking is provided at a ratio of 6 spaces per 1,000 RSF, adding practical support for a range of office, service, and retail configurations.
Key Highlights
- 10,524‑square‑foot multi‑tenant mixed‑use building on 1.14 acres
- Located at 700 West US Highway 24 in downtown Woodland Park, CO
- Unfinished basement includes 2 vaults
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,960
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,979,200
$3.0M
Cap Rate 7%
$2,128,000
$2.1M
Cap Rate 9%
$1,655,111
$1.7M
Market Conditions
NOI Build-Up for 10,524 SF
Gross rent
$223.5K $21.24/SF
− Vacancy
−$10.7K −$1.02/SF
EGI
$212.8K $20.22/SF
− OpEx
−$63.8K −$6.07/SF
NOI
$149.0K $14.15/SF
Area
Teller County, CO
Vacancy
4.80%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,979,200
Cap Rate 7%
$2,128,000
Cap Rate 9%
$1,655,111
Alternative Uses
Best Use
Retail
$2.13M
$1.86M – $2.48M
NOI $148,960 @ 7.0% cap · market cap 4.26%
Second Best
Office B
$1.83M
$1.60M – $2.14M
NOI $128,147 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$2.44M
$2.14M – $2.85M
NOI $171,089 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Unfinished basement, packaged HVAC, and oversized drive-ins support varied commercial configurations.
Where is this mixed-use property located?
The property is located at 700 West US Highway 24 Woodland Park, CO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 10,524‑square‑foot multi‑tenant mixed‑use building on 1.14 acres; Located at 700 West US Highway 24 in downtown Woodland Park, CO; Unfinished basement includes 2 vaults
