404 Circle DrColorado Springs, CO 80910

Property Details for 404 Circle Dr

Year built

1970

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.51 AC

Property size (Sq ft)

1,991 SF

Zone code

PBC

Property type

Retail properties

Property subtype

Auto shops

APN

6421102006

APU

6421102006

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $640,185

  6.5%

  $590,940

  7%

  $548,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $414,531

  Geo Method

  $414,531

• Alternative Use

  Use

  Valuation

  Residential

  $498,480

  Hospitality

  $456,605

  Educational

  $379,890

  Medical

  $392,955

  Retail

  $590,940

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.825

Longitude

-104.781

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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