17 North Circle Drive Colorado Springs, CO 80909
Well-maintained retail strip center totaling 5,920 square feet with three tenants in place.
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 10 at 3:46 am
Property Features for 17 North Circle Drive
General Information
- Standard status
- Active
- Size
- 5,920 SF
- Lot size
- 0.49 Acres
- Property subtype
- Retail
Listing office Hoff & Leigh Colorado Springs (719) 337-9551
Listing date Jul 8, 2026
Source Hoffleigh
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 is on a 21,257 square foot lot and is zoned MX-M-CU. Based on the information provided, the zoning supports a variety of uses, with the property primarily zoned for retail.
For current operating expenses, the listing reports taxes of $14,487 and insurance of $13,397, along with utilities of $6,095 and maintenance costs of $4,800 (including snow removal and trash service, plus misc.). Property management is reported as 10% of collected rent, and the listing calculates net operating income of $35,525.
Key Highlights
- 5,920 SF retail strip center (El Paso County Tax Assessor) with three tenants
- Combined annual rent: $82,560 ($6,880/month)
- Net Operating Income (NOI): $35,525 based on provided expense figures
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 |
