Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1692 Broadway Ave Colorado Springs, CO 80904

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial pad sites available in new mixed-use development.

    Lot size:
    112.35 Acres

    Property Features for 1692 Broadway Ave

    General Information

    Lot size
    112.35 Acres

    We can help!

    Listing Contact
    Scott Steputis
    Scott Steputis
    Source: Moodyscre

    Listing Agent: Scott Steputis

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

    Learn more

    Overview

    Commercial Pad Sites For Rent

    Commercial pad sites are available for rent within a new mixed-use development located at Highway 24 and 21st Street in Colorado Springs. This regional entertainment complex sits at the foot of Pikes Peak. The location is ideal for a variety of businesses, including restaurants, retail stores, hotels, coffee shops, and music venues.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -104.862902
    Latitude
    38.838224

    Nearby Similar for Lease

    • $13 SF/Yr
      84,750 SF

      New Industrial Development For Lease

      New industrial and retail development in Colorado Springs.
      8470 Launch Pt, Colorado Springs, CO
      View Details
    • $250 SF/Yr
      400 SF

      Top Floor Office with Views

      Professional office space with included amenities and mountain views.
      2175 N Academy Cir, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      3,479 SF

      Colorado Springs Single-Tenant Automotive Property

      Single-tenant automotive property available for lease in Colorado Springs.
      719 South Sierra Madre St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      1,920 SF

      Colorado Springs Retail Space Lease

      Retail space available for lease in Colorado Springs, Colorado.
      4320 Barnes Rd, Colorado Springs, CO 80917
      View Details
    • $14 SF/Yr
      15,249 SF

      Versatile Commercial Spaces For Lease

      Exceptional commercial spaces available for lease in two well-maintained buildings.
      5775 N Union Blvd, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      16,426 SF

      Colorado Springs Industrial Space Available

      Industrial property available for lease in Colorado Springs, Colorado.
      1440 Pando Ave, Colorado Springs, CO 80905
      View Details
    • $22 SF/Yr
      1,203 SF

      High-Traffic Retail Endcap Space

      Retail space in a high-traffic shopping center.
      1157-1237 N Circle Dr, Colorado Springs, CO 80909
      View Details
    • $16 SF/Yr
      4,200 SF

      Creative Office Space on Colorado

      Modern office space with creative design and walkable amenities.
      508-512 W Colorado Ave, Colorado Springs, CO 80903
      View Details
    • $12 SF/Yr
      2,600 SF

      Warehouse/Office Units Near Powers Blvd

      Clean warehouse/office units available for lease with quick access.
      759-765 Seedling Ct, Colorado Springs, CO
      View Details
    • $18 SF/Yr
      20,170 SF

      Technology Court Office Space Available

      High-quality office space in Patriot Park business park.
      980 Technology Ct, Colorado Springs, CO 80915
      View Details
    • $1,650,000
      6,482 SF

      Industrial Building with Highway Visibility

      6,482 SF industrial/office building with ample outdoor storage.
      2264 Naegele Rd, Colorado Springs, CO 80904
      View Details
    • $15 SF/Yr
      8,100 SF

      Retail Center on Palmer Park

      Retail spaces available in lively Eastern Colorado Springs center.
      5879-5883 Palmer Park Blvd, Colorado Springs, CO 80915
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial pad sites available in new mixed-use development.
    Where is this commercial land located?
    The property is located at 1692 Broadway Ave Colorado Springs, CO.
    What are key features of this property?
    This property features: - New mixed-use development.; - Commercial pad sites available.; - Located at Highway 24 and 21st Street in Colorado Springs.
    (303) 398-2111
    Request Owner's contact information
    1692 Broadway Ave Colorado Springs, CO 80904
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1692 Broadway Ave
    Colorado Springs, CO 80904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1692 Broadway Ave Colorado Springs, CO 80904
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Steputis
    Scott Steputis
    Real Estate License ID: EA.001320498
    (303) 398-2111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.