8455 W US Highway 24, Cascade, CO 80809

Building Details

Year Built 1956 More

Buildings 1 More

Listing Agency: Hoff & Leigh Colorado Springs

Listed By: Holly Trinidad · License CO ER.100022369 Show Phone

Source: Crexi

Added: Sep 29 Changed: Nov 10 Last Checked: Nov 12 at 7:37AM

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Investment Insights

Based on property information with market context.

This freestanding mixed-use property contains a 3,840-square-foot building dating to 1956, set on 2.35 acres. C-2 zoning and the property's commercial character are key components of the offering.

The site fronts W US Highway 24 in Cascade, with 159 feet of highway frontage. On-site parking and signage opportunities are also present.

Key Highlights

• 3,840‑square‑foot building on 2.35 acres
• 159 feet of frontage on W US Highway 24
• C‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,909

Cap Rate

5.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,098,180 $1.1M

Cap Rate 7%

$784,414 $784.4K

Cap Rate 9%

$610,100 $610.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,840 SF

Gross rent

$82.5K $21.48/SF

− Vacancy

−$4.0K −$1.05/SF

EGI

$78.4K $20.43/SF

− OpEx

−$23.5K −$6.13/SF

NOI

$54.9K $14.30/SF

Area

El Paso County, CO

Vacancy

4.90%

Lease Rate

$21.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,098,180

Cap Rate 7%

$784,414

Cap Rate 9%

$610,100

Alternative Uses

Best Use

Retail

$784.4K

$686.4K – $915.2K (±1% cap)

NOI $54,909 @ 7.0% cap · market cap 5.55%

Second Best

Mixed Use

$696.1K

$609.1K – $812.2K (±1% cap)

NOI $48,730 @ 7.0% cap · market cap 4.92%

Theoretical Best

Specialty Retail

$840.4K

$735.4K – $980.5K (±1% cap)

NOI $58,831 @ 7.0% cap · market cap 5.94%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Building Supply Law Firm Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

Explore this area Business Placement

Demographics for 80809, CO

1,525

Population

627

Households

2.4

Avg Household Size

52

Median Age

44%

College-Educated

98%

High-School Grad

49.6 sq mi

ZIP Area

31

Density / Sq Mi

$81,210

Median Household Income

$61,667

Median Earnings

$1,969

Median Rent

$496,000

Median Home Value

Market

Properties on Market for Mixed-use properties in El Paso County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The highway-facing building includes on-site parking, signage opportunities, and C-2 zoning.

Where is this mixed-use property located?

The property is located at 8455 W US Highway 24 Cascade, CO.

What is the asking price?

The asking price for this property is $990,000.

What are key features of this property?

This property features: 3,840‑square‑foot building on 2.35 acres; 159 feet of frontage on W US Highway 24; C‑2 zoning