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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    601 Santa Fe Ave Fountain, CO 80817-2079

    • Grocery and convenience stores
    • 2,400 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0714610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Conoco / Gas Station
    • 7-Eleven / Convenience Store
    • ATM (7-Eleven) / Atm
    • Western Union / Money Transfer Service

    Property Details for 601 Santa Fe Ave

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.60 lot acres
    Property size
    2,400 SF
    Zone code
    C-2
    Property type
    Grocery and convenience stores
    APN
    5607100010
    APU
    5607100010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $615,000
      6.5%
      $565,000
      7%
      $525,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $665,000
      Current use
      COMMERCIAL (GENERAL)
      $815,000
      Change: +22% Conversion: Easy
      AUTO REPAIR, GARAGE
      $650,000
      Change: -2% Conversion: Difficult
      MEDICAL BUILDING
      $585,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $565,000
      Change: -15% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fountain
    County
    El Paso
    State
    Colorado
    Longitude
    -104.706
    Latitude
    38.6762
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $27,150
    $39,620
    $66,770
    -
    $97,303
    $142,006
    $239,309

    Comparable in this City

    • Value Estimation by Request
      1,286 SF

      6480 Us Hwy 85-87

      CONVENIENCE STORE • 1,286 SF
      6480 Us Hwy 85-87, Fountain, CO 80817-1008
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    • Value Estimation
      $720,000
      3,240 SF

      7055 Alegre Cir

      CONVENIENCE STORE • 3,240 SF
      7055 Alegre Cir, Fountain, CO 80817
      View Details
    • Value Estimation
      $955,000
      4,973 SF

      8050 Fountain Mesa Rd

      CONVENIENCE STORE • 4,973 SF
      8050 Fountain Mesa Rd, Fountain, CO 80817-1591
      View Details
    • Value Estimation
      $995,000
      6,687 SF

      5505 Travel Plz

      CONVENIENCE STORE • 6,687 SF
      5505 Travel Plz, Fountain, CO 80817
      View Details
    • Value Estimation
      $9,350,000
      5,940 SF

      8005 Fountain Mesa Rd

      CONVENIENCE STORE • 5,940 SF
      8005 Fountain Mesa Rd, Fountain, CO 80817-1591
      View Details
    • Value Estimation
      $3,240,000
      3,516 SF

      6180 Timber Rail Pt

      CONVENIENCE STORE • 3,516 SF
      6180 Timber Rail Pt, Fountain, CO 80817-1442
      View Details

    Similar Nearby for Sale

    • $700,000
      3,240 SF

      Fountain Convenience Store - Hwy 85/87

      High-traffic location, strong ROI potential.
      7055 Alegre Cir, Fountain, CO 80817
      View Details
    • $300,000
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      Santa Fe Ave Retail Trio

      Fountain, CO Storefront Investment
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    • $500,000
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      Prime Fountain Storefront Opportunity

      Established Retail Business, High Traffic Area
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    • $500,000
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      Fountain Retail Property For Sale

      Retail property in Fountain with high-traffic location.
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      View Details
    • $2,995,000
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      Retail Investment Property in Fountain

      Freestanding retail building near Mesa Ridge Parkway for sale.
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    • $500,000

      Established Retail Business Opportunity

      Retail firearms business with great location and endless opportunities.
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    Similar Nearby for Lease

    • $26 SF/Yr
      980 SF

      Retail Space on Camden Boulevard

      Retail space with excellent visibility and access on Camden Blvd.
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    • $27 SF/Yr
      3,550 SF

      Retail Space in Active Center

      Medical suite in high-traffic shopping center near schools.
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    • $32 SF/Yr
      800 SF

      Retail Space Available For Rent

      Retail space available for lease in Fountain, Colorado.
      6855-6885 Mesa Ridge Pkwy, Fountain, CO 80817
      View Details
    • $14 SF/Yr
      2,852 SF

      Former Bank Building For Lease

      Former bank building with excellent access and ample parking.
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      View Details
    • $34 SF/Yr
      9,600 SF

      Fountain Retail/Office Opportunity

      9,600 SF Multi-Tenant Retail/Medical Space
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      View Details
    • Contact for pricing
      9,000 SF

      Fountain Retail Center Opportunity

      High-traffic retail pads & shops in Fountain, CO
      0 Sec Mesa Rdg Pkwy & Syracuse St, Fountain, CO 80817
      View Details
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    601 Santa Fe Ave
    Fountain, CO 80817-2079
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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