You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Turn key restaurants

10 S Sierra Madre St Colorado Springs, CO 80903

2,208 SF 0.23 ac lot Built 1906
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US13-0347698
10 S Sierra Madre St, Colorado Springs, CO 80903 For Lease
$30 SF/Yr
10 S Sierra Madre St, Colorado Springs, CO 80903
View Listing →
Property summary
AI-generated overview

Old Depot Square, located at 10-76 S Sierra Madre St in Colorado Springs, CO 80903, presents a unique retail and restaurant investment opportunity. This 18,223 square foot freestanding building, originally constructed in 1969 and extensively renovated in 2018, boasts a prime downtown location with exceptional visibility. Currently, 5,354 square feet of space is available for lease, ideal for a variety of uses within the FBZ-CEN zoning designation. The property's historic charm is complemented by modern amenities, including ample parking with 85 spaces, ensuring convenient access for customers and employees. Its central downtown location places it within easy walking distance of numerous attractions, maximizing foot traffic and exposure. The building's multiple tenancy structure offers flexibility for various business models. This is a rare chance to acquire a well-maintained, historically significant property in a thriving Colorado Springs market. The property's combination of character, convenience, and ample space makes it an attractive proposition for discerning investors and businesses seeking a high-profile location. The available space presents a significant opportunity for expansion or a new venture in a vibrant and growing urban core.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1906
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,208 SF
Lot 0.23 ac (10,138 SF)
Zoning code FBZ-CEN
APN 6418212003
UPID US13-0347698
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Brakeman’s Burgers Restaurant
  • The Sandwich Depot Restaurant
  • Denver and Rio Grande Train Depot Tour Operator
  • Giuseppe's Old Depot Restaurant Family Recreation Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$540k
Owner & transaction history
10 18 N Sierra Madre LLC · 6 yrs held
10 18 N Sierra Madre LLC
since 2020
Last sale
$500,000
5 recorded transactions
2020
$500,000
2019
Price N/A
2008
Price N/A
2002
Price N/A
2000
$201,000
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message