17-21 North Circle Drive Colorado Springs, CO 80909
Retail strip center with three tenants and combined annual rent of $82,560.
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 2:46 am
Property Features for 17-21 North Circle Drive
General Information
- Standard status
- Active
- Size
- 5,920 SF
- Lot size
- 0.49 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1977
Listing office Hoff & Leigh Colorado Springs (719) 630-2277
Listing date Jul 8, 2026
Source Crexi
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 Colorado Springs
Investment Insights
Based on property information with market context.
The site consists of a 21,257-square-foot lot and is zoned MX-M-CU, which allows for a variety of uses, with the property primarily zoned for retail. The asking price is $850,000, reflecting $143.58 per square foot based on the assessor-stated building size.
Key Highlights
- 5,920 SF retail strip center described by the El Paso County Tax Assessor
- Three tenants with combined rent of $6,880 per month ($82,560 annual)
- Net operating income of $35,525 based on provided annual taxes, insurance, utilities, and maintenance/property management
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 |
