Property profile

404 S Circle Dr Colorado Springs, CO 80910

FOR SALE
Auto shops
Property ID
US13-2743969
1,991 SF 0.51 ac lot Built 1970
Individually Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1,991 square foot retail property, located at 404 S Circle Dr, Colorado Springs, CO 80910, presents a unique investment opportunity. Currently configured as a long-established service center, this single-tenant building boasts a convenient overhead drive-in to the main entrance, ideal for automotive businesses. The interior features impressive 12-foot ceilings, providing ample space and a sense of openness. Three 10-foot bay doors facilitate efficient vehicle access and servicing. Beyond the bays, the property includes a well-appointed office, a welcoming lobby area, a dedicated service area, and substantial storage space. Situated on a sizable 22,316 square foot lot, the property offers ample room for operations and potential expansion. The rear of the lot is fully fenced, providing security and privacy. The strategic corner location on a high-traffic road ensures excellent visibility and accessibility, with the added benefit of being just an eight-minute drive from downtown Colorado Springs. This property is ready for immediate occupancy and presents a compelling opportunity for a variety of automotive-related businesses.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,991 SF
Lot 0.51 ac (22,316 SF)
Zoning code PBC
APN 6421102006
UPID US13-2743969

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
  • Restaurant

Location

404 S Circle Dr Colorado Springs, CO 80910
Colorado Springs metro Census 2801 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2006
3 recorded transactions
2006
$350,000
2004
Price N/A
2003
Price N/A

Zoning & alternative use

PBC · Colorado Springs, 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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More about this property
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