10 E Pikes Peak Ave, Colorado Springs, CO 80903
Retail/office building in downtown Colorado Springs with development potential.
- Added:
- Mar 23, 2026
- Days on Market:
- 97
- Last Refresh:
- Mar 25 at 8:43 am
Property Features for 10 E Pikes Peak Ave
General Information
- Standard status
- Active
- Size
- 5,224 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1900
Listing office Colorado - OLIVE REAL ESTATE GROUP, INC (719) 598-3000
Listing date Mar 23, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colorado - OLIVE REAL ESTATE GROUP, INC
HighLights
- Strategic Downtown Colorado Springs location with high foot traffic and visibility.
- Opportunity Zone and Enterprise Zone location offering significant tax incentives.
- Flexible FBZ zoning allows for retail, office, restaurant, and other uses.
- Potential to increase interior square footage by 1,307 SF (plans submitted).
- Easy access to major highways, restaurants, hotels, courthouse, and offices.
- Suitable for owner‑user or conversion to a multi‑tenant property.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.0k | $18.00 |
| − Vacancy | −$4.2k | −$0.81 |
| EGI | $89.8k | $17.19 |
| − OpEx | −$26.9k | −$5.16 |
| NOI | $62.9k | $12.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.824663
- Latitude
- 38.834223