Technical
Financial
Distress signals
Property profile

449 Manitou Ave Manitou Springs, CO 80829

OFF-MARKET
Auto shops
Property ID
US13-0089023
5,397 SF 0.38 ac lot Built 1965
Individually Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,397 square foot vacant commercial building, located at 449 Manitou Ave in Manitou Springs, Colorado, presents a unique investment opportunity. Priced at $1,200,000 ($222.35/sq ft), this freestanding structure boasts high visibility on Manitou Avenue and offers significant potential for a variety of uses. Currently configured as an auto shop, the property features a large open free-span space ideal for various businesses, along with additional bays accessible from a secured side lot. The existing layout includes a reception area and offices situated in the front corner. Ample off-street parking is available both in front and to the side of the building. Constructed in 1965, the building is of concrete t-beam construction, situated on a 16,414 square foot lot. The property is zoned for commercial use and is currently vacant, providing immediate occupancy for the new owner. This single-story building presents a rare chance to acquire a well-located, versatile commercial property in a thriving Colorado community. The property's size, location, and existing infrastructure make it an attractive option for entrepreneurs and investors alike. Broker co-op is available.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,397 SF
Lot 0.38 ac (16,341 SF)
APN 7405455003
UPID US13-0089023

Cap rate & NOI

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

Location

449 Manitou Ave Manitou Springs, CO 80829-2318
Manitou Springs metro Census 6702 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$594k
Blend (final) Blend
$400k

Owner & transaction history

since 2025
Last sale
$950,000
7 recorded transactions
2025
$950,000
2025
Price N/A
2024
Price N/A
2020
Price N/A
2017
Price N/A
2004
Price N/A
2004
$400,000

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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