Automotive Enthusiast Garage
For Sale
Contact for pricing
2275 Busch Ave., Colorado Springs, CO 80904
Private garage condos for automotive enthusiasts, for sale or lease.
Property Size1,152 SF
Price / SF$347.22
Days on Market891
Property Features for 2275 Busch Ave.
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Industrial, Special Purpose
Zoning
LI
Building Details
Year Built
2003
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Thrive Commercial Partners
Listed By:
Helen Cameron · License #CO-040041260
(719) 535-0500
Source:
Crexi
Added: May 10, 2024
Changed: Oct 8
Last Checked: Oct 16 at 8:04AM
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 Thrive Commercial Partners
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Investment Insights
Based on property information with market context.
This property is part of My Car Barn, a development geared toward automotive enthusiasts. Private bays are available for sale or lease, starting at 1,152 square feet. Suite amenities include optional 340 square feet mezzanines above the garage floor, stairways, finished concrete flooring, a restroom, and a 14-foot overhead door. The property is intended for automotive enthusiasts needing space to work on vehicles, free up home garage space, or park RVs and other vehicles. It is located within a gated community.
Key Highlights
- Private "bays" starting at 1,152 SF, ideal for automotive enthusiasts.
- Optional 340 SF mezzanine above the garage floor.
- Located in a gated community of like‑minded automotive enthusiasts.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,862
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,240
$277.2K
Cap Rate 7%
$198,029
$198.0K
Cap Rate 9%
$154,022
$154.0K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$20.7K $18.00/SF
− Vacancy
−$933 −$0.81/SF
EGI
$19.8K $17.19/SF
− OpEx
−$5.9K −$5.16/SF
NOI
$13.9K $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 Rate 5%
$277,240
Cap Rate 7%
$198,029
Cap Rate 9%
$154,022
Alternative Uses
Best Use
Retail
$198.0K
$173.3K – $231.0K
NOI $13,862 @ 7.0% cap · market cap 3.47%
Second Best
Warehouse
$181.3K
$158.7K – $211.6K
NOI $12,694 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$227.5K
$199.1K – $265.4K
NOI $15,925 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Private garage condos for automotive enthusiasts, for sale or lease.
Where is this parking lot & garage located?
The property is located at 2275 Busch Ave. Colorado Springs, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Private "bays" starting at 1,152 SF, ideal for automotive enthusiasts.; Optional 340 SF mezzanine above the garage floor.; Located in a gated community of like‑minded automotive enthusiasts.
