Former Restaurant Space For
8115 Dorothy Ln Colorado Springs, CO 80920
8115 Dorothy Ln, Colorado Springs, CO, 80920
Contact for pricing
For Sale
Contact for pricing
Former KFC restaurant space available near Chapel Hills Mall.
Property Size3,390 SF
Price / SF$383.48
Days on Market950
Property Features for 8115 Dorothy Ln
General Information
- Standard status
- Active
- Size
- 3,390 SF
- Property subtype
- Retail
Listing Agency
Crosbie Real Estate Group
(303) 398-2111
Listed by
Isabella Busnardo · License #FA 100107026
Source
Crexi
Added: Dec 11, 2023 Checked: Jul 17 at 8:06 am
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
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
Local Financial Insights For Specialty Retail
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 | $75.3k | $22.20 |
| − Vacancy | −$3.0k | −$0.89 |
| EGI | $72.2k | $21.31 |
| − OpEx | −$18.1k | −$5.33 |
| NOI | $54.2k | $15.98 |
3,390 SF · lease $22.20/SF/yr · vacancy 4.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A&W Restaurant
Restaurant
Similar For Sale Nearby
FAQs
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
