Big Foot Self Storage
8775 US Highway 24 Cascade, CO
For Sale
Contact for pricing
Self-storage facility generating $116,004 gross annual rent for sale.
Property Size10,225 SF
Lot Size1.92 Acres
Price / SF$136.82
Days on Market1116
Property Features for 8775 US Highway 24
General Information
Standard status
Active
Size
10,225 SF
Lot size
1.92 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hoff & Leigh
(719) 337-9551
Listed By:
Tim Leigh · License #ER.100022369
(719) 337-9551
Source:
Moodyscre
Added: Jul 10, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:35AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $97,915 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$1.00M
$877.9K – $1.17M
NOI $70,233 @ 7.0% cap · market cap 5.02%
Theoretical Best
Multifamily LT 5
$136.35M
$119.30M – $159.07M
NOI $9,544,321 @ 7.0% cap · market cap 682.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
