Former Restaurant Space For
For Sale
Contact for pricing
8115 Dorothy Ln, Colorado Springs, CO 80920
Former KFC restaurant space available near Chapel Hills Mall.
Property Size3,390 SF
Price / SF$383.48
Days on Market1040
Property Features for 8115 Dorothy Ln
General Information
Standard status
Active
Size
3,390 SF
Property subtype
Retail
Zoning
MX-M (drive thru allowed)
Investment Type
Owner/User
Building Details
Buildings
1
Stories
1
Listing Agency:
Crosbie Real Estate Group
Listed By:
Isabella Busnardo · License #FA 100107026
(720) 287-6866
Source:
Crexi
Added: Dec 11, 2023
Changed: Oct 3
Last Checked: Oct 14 at 10:51PM
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 Crosbie Real Estate Group
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Investment Insights
Based on property information with market context.
This 3,390-square-foot commercial property, formerly a KFC restaurant, is available for purchase. The property is zoned MX-M, which permits drive-through operations. It is located with convenient access to I-25 and is in close proximity to Chapel Hills Mall. The property is suitable for drive-through restaurants, restaurants, retail space, and other commercial real estate ventures, making it ideal for an owner/user.
Key Highlights
- Former KFC Restaurant Space
- Zoning MX‑M allows Drive Thru
- Located Right Off I‑25
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,186
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,720
$1.1M
Cap Rate 7%
$774,086
$774.1K
Cap Rate 9%
$602,067
$602.1K
Market Conditions
NOI Build-Up for 3,390 SF
Gross rent
$75.3K $22.20/SF
− Vacancy
−$3.0K −$0.89/SF
EGI
$72.2K $21.31/SF
− OpEx
−$18.1K −$5.33/SF
NOI
$54.2K $15.98/SF
Area
ZIP 80920
Vacancy
4.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,083,720
Cap Rate 7%
$774,086
Cap Rate 9%
$602,067
Alternative Uses
Best Use
Specialty Retail
$774.1K
$677.3K – $903.1K
NOI $54,186 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
447k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Superstores 34%
Shops & Services 16%
Apparel 5%
Walmart
Superstores
152,649 visits/mo
0.2 miles
Chick-fil-A
Dining
47,973 visits/mo
0.2 miles
McDonald's
Dining
31,568 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
29,430 visits/mo
0.2 miles
Cracker Barrel Old Country Store
Dining
26,299 visits/mo
0.1 miles
Demographics for 80920, CO
39,540
Population
14,631
Households
2.7
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
3,189
Density / Sq Mi
$111,233
Median Household Income
$50,927
Median Earnings
$1,955
Median Rent
$484,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former KFC restaurant space available near Chapel Hills Mall.
Where is this drive through restaurant located?
The property is located at 8115 Dorothy Ln Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Former KFC Restaurant Space; Zoning MX‑M allows Drive Thru; Located Right Off I‑25
