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    1638-1640 S Nevada Ave Colorado Springs, CO 80903

    For Lease
    $36 SF/Yr ($6,045 /Mo)

    Retail space with high visibility in growing area.

    Property size:
    2,015 SF
    Lot size:
    0.12 Acres

    Property Features for 1638-1640 S Nevada Ave

    General Information

    Size
    2,015 SF
    Lot size
    0.12 Acres

    Source: Olive Real Estate Partners, Inc. Agent Alex Winsor

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

    Overview

    Retail Space in Ivywild Center

    The Ivywild Retail Center is positioned within the South Nevada Urban Renewal Area, an area that has seen considerable growth in retail and restaurant businesses. The location benefits from high visibility to Nevada Avenue traffic and features a prominent pylon sign for tenant advertising. Suite 140 is suitable for standard retail or restaurant use, benefiting from high traffic and co-tenancy. The property is located at the controlled intersection of Nevada Avenue and Ramona Avenue, adjacent to Sprouts Farmers Market, Tokyo Joe’s, Smashburger, European Wax Center, Snarf’s Sandwiches, Natural Grocers, Chick-Fil-A, and Five Guys. Signage is available on the north and south sides of the building, with direct access to neighborhoods to the west.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Similar Places Nearby

    Colorado MV Express Kiosk, Coin Cloud Bitcoin ATM, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8229123
    Latitude
    38.8099144

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    FAQs

    What type of property is this?
    Shopping center - Retail space with high visibility in growing area.
    Where is this shopping center located?
    The property is located at 1638-1640 S Nevada Ave Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: - Located in a high-growth retail and restaurant area (South Nevada Urban Renewal Area).; - Adjacent to Sprouts Farmers Market, Tokyo Joe’s, Smashburger, and other popular establishments.; - Excellent visibility to Nevada Avenue traffic.
    (719) 660-5275
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    Colorado Springs, CO 80903
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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
    1638-1640 S Nevada Ave Colorado Springs, CO 80903
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