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Property profile & analytics
FOR SALE
Retail space
404 N Santa Fe Ave, Fountain, CO 80817
Individually Owned
17-yr Hold
~
Est. High Equity
Property ID
US13-2797420
For Sale
1 / 3
$500,000
404 N Santa Fe Ave, Fountain, CO 80817
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Property summary
AI-generated overview
This exceptional 2,440 square foot retail space is situated at 404 N Santa Fe Ave, Fountain, CO 80817, on a prominent corner lot at the intersection of Santa Fe and Alabama. The single-tenant building, constructed in 1968, sits on a 0.315-acre parcel (13,750 square feet) and is classified as Class D. The property features a spacious, open layout ideal for a variety of retail uses. Its location offers excellent visibility and accessibility, benefiting from high traffic counts due to its prime corner location. The zoning is designated as CU. The building is a single-story structure with no elevators. This well-established retail space presents a unique opportunity for a business seeking a high-visibility location in a thriving community. The property's size and layout offer flexibility for various retail concepts. The existing tenant provides a proven track record of success in this location. This is a rare opportunity to acquire a well-positioned retail property in a desirable area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
WOOD FRAME
Total area
2,440 SF
Lot
0.32 ac (13,750 SF)
Zoning code
C-2
APN
5606400016
UPID
US13-2797420
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
-
Superb Insurance Services Insurance Agency
-
Cimino Gun Sales Gun Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dean M Cimino · 17 yrs held
Dean M Cimino
since 2009
5 recorded transactions
Zoning & alternative use
C-2 · Fountain, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fountain submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,754
Tax year 2023
Assessed value
$88,460
Assessed 2023
Previous assessed
$88,460
+0.0% YoY
Effective rate
5.37%
On assessed value
Assessed land
$13,240
Assessed improvement
$75,220
Land market value
$47,438
Improvement market value
$269,594
Total market value
$317,032
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Total area
2,440 SF
Lot
0.32 ac (13,750 SF)
Zoning code
C-2
APN
5606400016
UPID
US13-2797420
Jurisdiction
EL PASO
Zoning & alternative use
C-2 · Fountain, CO
Zoning C-2 · permitted uses
C-2 · Fountain, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fountain. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1968
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Dean M Cimino
Individual
Mailing address
405 N EL PASO ST, FOUNTAIN, CO 80817-1809
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2009
$350,000
Dean M Cimino
Freeman,edward H III
Warranty Deed
$350,000 · Edward H & Catherine E Freeman
Jul 11, 2007
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jun 13, 2007
—
Richard S Freeman
Freeman,richard S
Quit Claim Deed
related
—
May 23, 2006
—
Richard S Freeman
Freeman,elizabeth S
Quit Claim Deed
related
—
Apr 20, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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