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    1640 S Circle Dr Colorado Springs, CO 80910

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    For Lease
    $18 SF/Yr ($1,818 /Mo)

    Retail space for lease in growing Spring Creek community.

    Property size:
    1,212 SF
    Lot size:
    10.74 Acres

    Property Features for 1640 S Circle Dr

    General Information

    Size
    1,212 SF
    Lot size
    10.74 Acres

    Source: KCRE Advisors Agent Greg Kaufman

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

    Overview

    Retail Space in Spring Creek

    This retail space is located at the northwest corner of S. Circle Dr. and Monterey Rd in the Spring Creek community. The property features longstanding tenants including Dollar Tree, Taco Express, and EZPawn. Ongoing property improvements are underway, including parking lot repairs, painting, new lighting, and signage. The location provides easy access to major highways. Outdoor exercise equipment, colorful murals, and art installations are present. A grocery anchor is planned to open at this location in Q3 2025. The available space is 1212 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Friday's food trucks Restaurant Breakfast Beauties Breakfast Restaurant The Breakfast Shack Restaurant Kolache Shack Breakfast Restaurant

    Suggested Use

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

    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
    -104.780926
    Latitude
    38.808635

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    FAQs

    What type of property is this?
    Strip mall - Retail space for lease in growing Spring Creek community.
    Where is this strip mall located?
    The property is located at 1640 S Circle Dr Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - New Grocery Anchor (Q3 2025): Attracts significant foot traffic and increases property value.; - Strategic Location: Northwest corner of S. Circle Dr. and Monterey Rd. in growing Spring Creek.; - Ongoing Property Improvements: Includes parking lot repairs, painting, new lighting, and signage.
    (719) 229-8041
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    1640 S Circle Dr Colorado Springs, CO 80910
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    Colorado Springs, CO 80910
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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
    1640 S Circle Dr Colorado Springs, CO 80910
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