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Property profile & analytics
FOR SALE
Office buildings

2660 E Willamette Ave Colorado Springs, CO 80909

900 SF 0.27 ac lot Built 1999
Individually Owned 21-yr Hold Free & Clear
Property ID
US13-0382998
Property summary
AI-generated overview

This exceptional 900 sq ft retail property, situated on a spacious 11,560 sq ft lot in Colorado Springs, CO (2660 E Willamette Ave, 80909), presents a lucrative investment opportunity. Built in 1999, the property boasts a single building with an office and shop space, including an overhead door and garage area, perfectly suited for a variety of commercial uses. The C6 zoning allows for diverse business ventures, making it highly adaptable to changing market demands. Its prime location at the northeast corner of Willamette and Yuma Avenues, just west of Platte Avenue, ensures high visibility and accessibility. A large pylon sign enhances visibility from Platte Avenue, attracting significant attention. The property's current configuration is ideal for uses such as a car lot, contractor lot, RV sales, tire shop, repair shop, or vehicle storage. The asking price is $595,000, offering an attractive 8.40% cap rate. The gross lease structure provides a straightforward and reliable income stream. Ample space exists for potential expansion with the addition of another building. This property represents a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential in a thriving Colorado Springs market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction WOOD FRAME
Total area 900 SF
Lot 0.27 ac (11,560 SF)
Zoning code C6
APN 6409413033
UPID US13-0382998
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
  • The Prince Cars Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Vernon M Greager · 21 yrs held
Vernon M Greager
since 2004
4 recorded transactions
2004
Price N/A
2003
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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