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    Big Foot Self Storage Facility Title is generated by Realmo AI

    8775 US Highway 24, Cascade, CO

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    Self-storage facility generating $116,004 gross annual rent for sale.

    Type:INDUSTRIAL
    Property size:
    10,225 SF
    Lot size:
    1.92 Acres
    Price / SF:
    $136/SF
    Added:
    Jul 10, 2023
    Days on Market:
    1071
    Last Refresh:
    May 20 at 8:12 pm

    Property Features for 8775 US Highway 24

    General Information

    Standard status
    Active
    Size
    10,225 SF
    Lot size
    1.92 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Tim Leigh
    Tim Leigh

    Listing agent Tim Leigh

    Listing office Hoff & Leigh

    Listing date Jul 10, 2023

    Source Moodyscre

    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

    HighLights

    • Generates approximately $116,004 in gross annual rent with a 6% cap rate.
    • Excellent location between Colorado Springs and Woodland Park with nearly 400 linear feet of highway frontage.
    • High occupancy rate with only 1 vacant unit currently.
    • 10,225 SF spread across 7 buildings with varied unit sizes.
    • Relatively new construction with no expected deferred maintenance.
    • Located on 1.91 acres of land zoned CCR‑t.

    Overview

    The Big Foot Self Storage facility is now for sale. This property generates approximately $116,004 in actual gross annual rent. Annual expenses, including taxes, insurance, maintenance estimate, and management, are approximately $25,367. The total building area is 10,225 square feet, divided into 7 buildings with sizes of 400, 550, 950, 1,225, 1,500, 2,700, and 3,400 square feet. The unit mix includes 4 car stalls, eight 10’ x 5’ units, seventeen 10’ x 10’ units, twenty-two 10’ x 15’ units, twenty-one 10’ x 15’ units, one 15’ x 15’ unit, and one 20’ x 20’ unit. The facility is fairly new with no expected deferred maintenance. Situated on 1.91 acres, the property is zoned CCR-t. Located between Colorado Springs and Woodland Park, this property offers an investment opportunity with nearly 400 linear feet of highway frontage, providing roadside visibility and easy access for customers. The units stay full, with only one vacant unit currently. The annual property tax is $7,868, and the annual property insurance is $6,099.

    Local Financial Insights For Self Storage

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $147.2k $14.40
    − Vacancy −$7.4k −$0.72
    EGI $139.9k $13.68
    − OpEx −$42.0k −$4.10
    NOI $97.9k $9.58
    10,225 SF · lease $14.40/SF/yr · vacancy 5.00% · expense 30.00%

    Alternative Uses

    Best Use
    Self Storage
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,915 @ 7.0% cap · market cap 7.00%
    Second Best
    Industrial
    $1.00M
    $877.9K – $1.17M (±1% cap)
    NOI $70,233 @ 7.0% cap · market cap 5.02%
    Theoretical Best
    Multifamily LT 5
    $136.35M
    $119.30M – $159.07M (±1% cap)
    NOI $9,544,321 @ 7.0% cap · market cap 682.22%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Real Estate Agency Restaurant Building Supply Auto Repair Shop Gym & Fitness Center Hotel & Motel Department Store Bar & Pub HVAC Service Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cascade
    County
    El Paso
    State
    Colorado
    Longitude
    -104.984
    Latitude
    38.9172

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    FAQs

    What type of property is this?
    Self storage facility - Self-storage facility generating $116,004 gross annual rent for sale.
    Where is this self storage facility located?
    The property is located at 8775 US Highway 24 Cascade, CO.
    What is the asking price?
    The asking price for this property is $1,399,000.
    What are key features of this property?
    This property features: Generates approximately $116,004 in gross annual rent with a 6% cap rate.; Excellent location between Colorado Springs and Woodland Park with nearly 400 linear feet of highway frontage.; High occupancy rate with only 1 vacant unit currently.
    (719) 337-9551 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Leigh
    Tim Leigh
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