Retail Space with C-5 and CR
For Sale
Contact for pricing
707 E Moreno Ave Unit 1, Colorado Springs, CO 80903
3,409 SF retail unit on a 17,110 SF lot, zoned C-5 and CR for flexible uses.
Property Size3,409 SF
Lot Size0.39 Acres
Price / SF$175.71
Days on Market593
Property Features for 707 E Moreno Ave Unit 1
General Information
Standard status
Active
Size
3,409 SF
Lot size
0.39 Acres
Property subtype
RETAIL
Zoning
C-5 and CR
Listing Agency:
BHHS - Synergy Realty Group | Colorado Springs
(719) 660-5223
Listed By:
Charles D’Alessio
(719) 660-5223
Source:
Moodyscre
Added: Dec 27, 2024
Changed: Jul 31
Last Checked: Aug 11 at 1:27PM
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 BHHS - Synergy Realty Group | Colorado Springs
Investment Insights
Based on property information with market context.
This retail space is 3,409 SF and sits on a 17,110 SF lot. The property is zoned C-5 and CR, supporting a range of business uses. The space is described as a fit for an office, salon, café, or other entrepreneurial ventures.
The unit is located at 707 E Moreno Ave, Unit 1, in Colorado Springs, CO 80903.
With the combination of retail space and C-5/CR zoning, the layout can accommodate a variety of customer-facing and service-oriented concepts while keeping the property configured around a dedicated unit.
The unit is located at 707 E Moreno Ave, Unit 1, in Colorado Springs, CO 80903.
With the combination of retail space and C-5/CR zoning, the layout can accommodate a variety of customer-facing and service-oriented concepts while keeping the property configured around a dedicated unit.
Key Highlights
- 3,409 SF retail space at 707 E Moreno Ave, Unit 1
- 17,110 SF lot size
- Zoned C‑5 and CR
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
$41,020
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
6.85%
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%
$820,400
$820.4K
Cap Rate 7%
$586,000
$586.0K
Cap Rate 9%
$455,778
$455.8K
Market Conditions
NOI Build-Up for 3,409 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
$61.4K $18.00/SF
− Vacancy
−$2.8K −$0.81/SF
EGI
$58.6K $17.19/SF
− OpEx
−$17.6K −$5.16/SF
NOI
$41.0K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /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%
$820,400
Cap Rate 7%
$586,000
Cap Rate 9%
$455,778
Alternative Uses
Best Use
Retail
$586.0K
$512.8K – $683.7K
NOI $41,020 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$673.2K
$589.1K – $785.4K
NOI $47,126 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,019
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
6,746 visits/mo
0.5 miles
Tire World Auto Repair
Shops & Services
3,649 visits/mo
0.5 miles
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,409 SF retail unit on a 17,110 SF lot, zoned C-5 and CR for flexible uses.
Where is this retail space located?
The property is located at 707 E Moreno Ave Unit 1 Colorado Springs, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,409 SF retail space at 707 E Moreno Ave, Unit 1; 17,110 SF lot size; Zoned C‑5 and CR
