Freestanding Retail/Office
For Sale
Contact for pricing
747-795 E Citadel Dr, Colorado Springs, CO 80909
Freestanding building offers 26,478 SF of flexible interior space and 123 parking spaces on a 2.4-acre site.
Property Size26,478 SF
Lot Size2.40 Acres
Price / SF$149.18
Days on Market536
Property Features for 747-795 E Citadel Dr
General Information
Standard status
Active
Size
26,478 SF
Total Parking Spaces
123
Lot size
2.40 Acres
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Construction
metal framed
Listing Agency:
SRS Real Estate Partners | Denver
(210) 303-3149
Listed By:
Patrick McGlinchey · License #ER.040024553
(210) 303-3149
Source:
Moodyscre
Added: Feb 10, 2025
Changed: Jul 28
Last Checked: Jul 31 at 1:31PM
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 SRS Real Estate Partners | Denver
Investment Insights
Based on property information with market context.
This freestanding commercial building features a metal frame and a flat roof with fully adhered TPO membrane roof covering. The property provides 26,478 SF of flexible interior space designed to accommodate a range of commercial uses.
Set on a 2.4-acre site, the building is described as having high visibility and offers excellent parking with 123 spaces, including five handicap stalls. Direct access is noted from Citadel Dr E and East Portal Dr, with the property surrounded by retail and major traffic corridors near Citadel Mall.
The offering presents an opportunity for retail, medical, office, or mixed-use redevelopment, subject to applicable approvals.
Set on a 2.4-acre site, the building is described as having high visibility and offers excellent parking with 123 spaces, including five handicap stalls. Direct access is noted from Citadel Dr E and East Portal Dr, with the property surrounded by retail and major traffic corridors near Citadel Mall.
The offering presents an opportunity for retail, medical, office, or mixed-use redevelopment, subject to applicable approvals.
Key Highlights
- Freestanding building on a 2.4‑acre site with 26,478 SF of flexible interior space
- 123 parking spaces, including five handicap stalls
- Metal‑framed structure with a flat roof fully adhered to TPO membrane roofing
Financial Insights For 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 | $476.6k | $18.00 |
| − Vacancy | −$21.4k | −$0.81 |
| EGI | $455.2k | $17.19 |
| − OpEx | −$136.5k | −$5.16 |
| NOI | $318.6k | $12.03 |
26,478 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.55M
$3.98M – $5.31M
NOI $318,610 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$4.26M
$3.73M – $4.97M
NOI $298,163 @ 7.0% cap · market cap 7.55%
Theoretical Best
Specialty Retail
$5.23M
$4.58M – $6.10M
NOI $366,032 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,541
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building offers 26,478 SF of flexible interior space and 123 parking spaces on a 2.4-acre site.
Where is this retail space located?
The property is located at 747-795 E Citadel Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Freestanding building on a 2.4‑acre site with 26,478 SF of flexible interior space; 123 parking spaces, including five handicap stalls; Metal‑framed structure with a flat roof fully adhered to TPO membrane roofing
