17-19 N Circle Dr Colorado Springs, CO 80909
Retail strip center with three tenants generating combined monthly rent, zoned MX-M-CU with retail-focused allowance.
- Added:
- Jul 8, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 11 at 2:22 am
Property Features for 17-19 N Circle Dr
General Information
- Standard status
- Active
- Size
- 5,920 SF
- Lot size
- 0.49 Acres
- Property subtype
- RETAIL
Listing office Hoff & Leigh (719) 338-4470
Listing date Jul 8, 2026
Source Moodyscre
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
The property is situated on a 21,257-square-foot lot and is zoned MX-M-CU, which allows a variety of uses while being primarily zoned for retail. The center is described as well maintained and located in a good location. For full financial details and a private showing, contact the listed representatives.
Key Highlights
- 5,920 SF retail strip center per El Paso County Tax Assessor description
- 3 tenants generating $6,880/month total rent ($82,560 annual combined rent)
- Net operating income of $35,525 after estimated annual expenses totaling $47,035
Local 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 | $106.6k | $18.00 |
| − Vacancy | −$4.8k | −$0.81 |
| EGI | $101.8k | $17.19 |
| − OpEx | −$30.5k | −$5.16 |
| NOI | $71.2k | $12.03 |
