Single-Tenant Retail/Flex
For Sale
Contact for pricing
2582 S Academy Blvd, Colorado Springs, CO 80916
Single-tenant retail/flex building with 9’ clear height, newly installed roof in 2025, and ample on-site parking.
Property Size4,200 SF
Price / SF$166.65
Days on Market24
Property Features for 2582 S Academy Blvd
General Information
Standard status
Active
Size
4,200 SF
Property subtype
RETAIL
Warehouse & Industrial
Clear Height
9 ft
Power
200 amps
Voltage
120 V
Three-Phase Power
Yes
Additional Details
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 663-9012
Listed By:
Christopher Shirley · License #Co FA.100067771
(719) 663-9012
Source:
Moodyscre
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 21 at 2:36PM
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 Olive Real Estate Partners, Inc.
Investment Insights
Based on property information with market context.
2582 S Academy Blvd is a single-tenant retail/flex building on S. Academy Blvd. It offers high visibility on a heavily trafficked corridor and is available for lease or sale to an owner-user. The property formerly operated as a medical marijuana dispensary and grow, and it can be converted for other retail or flex uses.
Recent improvements include a new roof installed in 2025. The building features 9’ clear height and power service of 200 AMP, 120 volt, 3-phase. The site also includes ample parking to support customer access and daily operations.
This is a straightforward option for users seeking a retail/flex space configuration with strong corridor exposure and utility service already in place.
Recent improvements include a new roof installed in 2025. The building features 9’ clear height and power service of 200 AMP, 120 volt, 3-phase. The site also includes ample parking to support customer access and daily operations.
This is a straightforward option for users seeking a retail/flex space configuration with strong corridor exposure and utility service already in place.
Key Highlights
- High visibility on a heavily trafficked corridor at 2582 S Academy Blvd
- New roof installed in 2025
- 9’ clear height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,373
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,147,460
$1.1M
Cap Rate 7%
$819,614
$819.6K
Cap Rate 9%
$637,478
$637.5K
Market Conditions
NOI Build-Up for 4,200 SF
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.
Gross rent
$86.2K $20.52/SF
− Vacancy
−$4.2K −$1.01/SF
EGI
$82.0K $19.51/SF
− OpEx
−$24.6K −$5.85/SF
NOI
$57.4K $13.66/SF
Area
ZIP 80916
Vacancy
4.90%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,147,460
Cap Rate 7%
$819,614
Cap Rate 9%
$637,478
Alternative Uses
Best Use
Retail
$819.6K
$717.2K – $956.2K
NOI $57,373 @ 7.0% cap · market cap 8.20%
Second Best
Industrial
$546.7K
$478.4K – $637.9K
NOI $38,272 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$975.4K
$853.5K – $1.14M
NOI $68,280 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
9 ft
Clear height
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
565
Businesses Nearby
Explore this area
Business Placement
Demographics for 80916, CO
39,990
Population
15,464
Households
2.6
Avg Household Size
30
Median Age
18%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
2,173
Density / Sq Mi
$63,399
Median Household Income
$37,708
Median Earnings
$1,505
Median Rent
$289,500
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant retail/flex building with 9’ clear height, newly installed roof in 2025, and ample on-site parking.
Where is this retail space located?
The property is located at 2582 S Academy Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $699,950.
What are key features of this property?
This property features: High visibility on a heavily trafficked corridor at 2582 S Academy Blvd; New roof installed in 2025; 9’ clear height
