Operating Brewery with
For Sale
Contact for pricing
702 W Colorado Ave, Colorado Springs, CO 80905
Two-story brewery and restaurant with indoor, covered outdoor, kitchen, and production spaces.
Property Size4,674 SF
Price / SF$401.16
Days on Market12
Property Features for 702 W Colorado Ave
General Information
Standard status
Active
Size
4,674 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Renovated
2016
Buildings
1
Stories
2
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 660-5275
Listed By:
Alex Winsor
(719) 660-5275
Source:
Moodyscre
Added: Aug 21
Changed: Aug 31
Last Checked: Aug 31 at 6:36PM
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 Olive Real Estate Partners, Inc.
Investment Insights
Based on property information with market context.
This operating brewery occupies a 4,674-square-foot, two-story building repurposed in 2016 and maintained in first-class condition. Grade-level access serves both floors, with restaurant dining and restrooms on the main level and a full-service kitchen and brewery below. Indoor and covered outdoor seating support regular dining and private events, while restaurant furniture, fixtures, equipment, and brewery equipment are included.
The property occupies the hard corner of Colorado Avenue and 7th Street, just west of Downtown Colorado Springs and near I-25. Its setting provides access to Old Colorado City, Manitou Springs, the Front Range, the US Olympic & Paralympic Museum, and Weidner Field. The business remains in operation, with the existing restaurant and brewery configuration in place for continued use by an owner-operator or investor.
The property occupies the hard corner of Colorado Avenue and 7th Street, just west of Downtown Colorado Springs and near I-25. Its setting provides access to Old Colorado City, Manitou Springs, the Front Range, the US Olympic & Paralympic Museum, and Weidner Field. The business remains in operation, with the existing restaurant and brewery configuration in place for continued use by an owner-operator or investor.
Key Highlights
- 4,674‑square‑foot brewery and restaurant building
- Two‑story structure repurposed in 2016
- Restaurant dining and restrooms on the main level
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
$64,613
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
3.45%
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%
$1,292,260
$1.3M
Cap Rate 7%
$923,043
$923.0K
Cap Rate 9%
$717,922
$717.9K
Market Conditions
NOI Build-Up for 4,674 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
$89.7K $19.20/SF
− Vacancy
−$3.6K −$0.77/SF
EGI
$86.2K $18.43/SF
− OpEx
−$21.5K −$4.61/SF
NOI
$64.6K $13.82/SF
Area
Colorado Springs, CO
Vacancy
4.00%
Lease Rate
$19.20 /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%
$1,292,260
Cap Rate 7%
$923,043
Cap Rate 9%
$717,922
Alternative Uses
Best Use
Specialty Retail
$923.0K
$807.7K – $1.08M
NOI $64,613 @ 7.0% cap · market cap 3.45%
Second Best
Industrial
$605.9K
$530.2K – $706.9K
NOI $42,414 @ 7.0% cap · market cap 2.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 80905, CO
17,592
Population
8,933
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
3,449
Density / Sq Mi
$64,496
Median Household Income
$40,876
Median Earnings
$1,449
Median Rent
$349,500
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Two-story brewery and restaurant with indoor, covered outdoor, kitchen, and production spaces.
Where is this brewery located?
The property is located at 702 W Colorado Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 4,674‑square‑foot brewery and restaurant building; Two‑story structure repurposed in 2016; Restaurant dining and restrooms on the main level
