Grocery and Convenience Retail
1157 N Circle Dr Colorado Springs, CO 80909
1157 N Circle Dr, Colorado Springs, CO, 80909
Contact for pricing
For Sale
Contact for pricing
Grocery and convenience retail property offered for sale with 19,403 sq. ft.
Property Size19,403 SF
Price / SF$273.15
Days on Market142
Property Features for 1157 N Circle Dr
General Information
- Standard status
- Active
- Size
- 19,403 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing agency
CBRE - Denver Downtown
Listed by
Matthew Henrichs · License #CO FA.100007009
Source
Crexi
Added: Mar 3 Updated: Jul 22 at 12:17AM Checked: Jul 22 at 1:22PM
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 CBRE - Denver Downtown
Investment Insights
Based on property information with market context.
This offering is a grocery and convenience retail property for sale within a shopping center format, totaling 19,403 sq. ft. The public remarks indicate a 7.13% cap rate.
The property is located at 1157 N Circle Dr in Colorado Springs, CO 80909.
Based on the provided information, this is a retail-focused asset designed for grocery and convenience usage within the shopping center setting.
The property is located at 1157 N Circle Dr in Colorado Springs, CO 80909.
Based on the provided information, this is a retail-focused asset designed for grocery and convenience usage within the shopping center setting.
Key Highlights
- Grocery and convenience retail property for sale with 19,403 sq ft
- Built in 2000
- Listed as 7.13% cap rate
Local Financial Insights For Specialty 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 | $372.5k | $19.20 |
| − Vacancy | −$14.9k | −$0.77 |
| EGI | $357.6k | $18.43 |
| − OpEx | −$89.4k | −$4.61 |
| NOI | $268.2k | $13.82 |
19,403 SF · lease $19.20/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.83M
$3.35M – $4.47M
NOI $268,227 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$3.34M
$2.92M – $3.89M
NOI $233,476 @ 7.0% cap · market cap 4.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Brookside Physical Therapy
Physician
Similar For Sale Nearby
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- Circle Plaza — 1120 N Circle Dr, Colorado Springs, CO 80909
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FAQs
What type of property is this?
Shopping center - Grocery and convenience retail property offered for sale with 19,403 sq. ft.
Where is this shopping center located?
The property is located at 1157 N Circle Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Grocery and convenience retail property for sale with 19,403 sq ft; Built in 2000; Listed as 7.13% cap rate
