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    3820 E Pikes Peak Ave Colorado Springs, CO 80909

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    For Sale
    $1,950,000

    Fully rented retail property on high-traffic corner location.

    Property size:
    16,184 SF
    Lot size:
    0.80 Acres

    Property Features for 3820 E Pikes Peak Ave

    General Information

    Size
    16,184 SF
    Lot size
    0.80 Acres

    Source: BHHS - Synergy Realty Group | Colorado Springs Agent Charles D’Alessio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Retail Property For Sale

    This property is located on the corner of Pikes Peak Avenue and Academy Boulevard. The building, currently used as a tire store and offices, is fully rented and is located in a high-traffic area with over 80,000 vehicles per day. The surrounding area includes retail businesses and densely populated neighborhoods. The property is zoned C5. All units are leased with tenants. The property has a size of 16184 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BF Goodrich Tire Shop Big O Tires Auto Repair Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.756932
    Latitude
    38.831997

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    FAQs

    What type of property is this?
    Retail space - Fully rented retail property on high-traffic corner location.
    Where is this retail space located?
    The property is located at 3820 E Pikes Peak Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - High traffic location with over 80,000 vehicles per day at the corner of Pikes Peak and Academy Blvd.; - Fully rented property providing immediate cash flow.; - Great tenants with leases in place.
    (719) 660-5223
    Request Owner's contact information
    3820 E Pikes Peak Ave Colorado Springs, CO 80909
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    Realmo Value Estimation

    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.

    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.

    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
    3820 E Pikes Peak Ave Colorado Springs, CO 80909
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