Property profile

38 Costello Ave Florissant, CO 80816

OFF-MARKET
Commercial real estate
Property ID
US13-0816162
1,456 SF 0.44 ac lot Built 1900
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,456 square foot commercial property located at 38 Costello Avenue in Florissant, Colorado, presents a unique investment opportunity. Situated in a prime downtown location, this building offers high visibility and easy accessibility, making it ideal for a variety of uses. The current configuration includes a spacious office area suitable for multiple businesses or a single large tenant. A significant advantage is the inclusion of a separate apartment, providing flexibility for owner-occupancy or the generation of additional rental income. The property boasts ample parking, a significant benefit in a busy commercial area. The expansive backyard offers further potential for expansion or outdoor use. The property's versatility allows for a wide range of commercial ventures, from daycare centers to professional office spaces, and more. While current rental income details are available upon request, it's important to note that the tenant is responsible for all utilities. This reduces the operating costs for the owner and enhances the overall return on investment. The asking price of $325,000 represents a compelling opportunity to acquire a well-located, versatile commercial property with significant upside potential. Don't miss this chance to secure a prime piece of Florissant real estate.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 1,456 SF
Lot 0.44 ac (18,992 SF)
Zoning code C-1
APN 3347.024070050
UPID US13-0816162

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Tattoo & Piercing Shop
  • Tattoo & Piercing Shop
  • Daycare Center

Location

38 Costello Ave Florissant, CO 80816-7167
Florissant metro Census 10112 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2022
Last sale
$174,900
5 recorded transactions
2022
$174,900
2016
$118,500
2011
$99,900
2005
$75,000
1969
Price N/A

Zoning & alternative use

C-1 · Florissant, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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