Retail Building with
1809 N Circle Dr Colorado Springs, CO 80909
1809 N Circle Dr, Colorado Springs, CO, 80909
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For Sale
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Retail building on a 10.72-acre lot featuring an existing drive-through along North Circle Drive in Colorado Springs.
Property Size6,360 SF
Price / SF$314.47
Days on Market100
Property Features for 1809 N Circle Dr
General Information
- Standard status
- Active
- Size
- 6,360 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1986
Listing agency
Peak Commercial Properties
(719) 759-9935
Listed by
Jason Castro · License #ER.100092537
Source
Crexi
Added: Apr 14 Updated: Jul 21 at 3:05PM Checked: Jul 21 at 3:05PM
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 Peak Commercial Properties
Investment Insights
Based on property information with market context.
1809–1815 N Circle Dr is a retail building configured for commercial use and positioned along North Circle Drive. The property is developed on a 10.72-acre lot and includes an existing drive-through, which supports quick customer access for retail and service-oriented concepts.
The site benefits from strong visibility and consistent high traffic counts along this highly trafficked corridor. The property is also located within an Opportunity Zone.
As a versatile option for owner-users and investors, the asset combines a drive-through feature with ample site area and direct corridor positioning for businesses that value access and exposure.
The site benefits from strong visibility and consistent high traffic counts along this highly trafficked corridor. The property is also located within an Opportunity Zone.
As a versatile option for owner-users and investors, the asset combines a drive-through feature with ample site area and direct corridor positioning for businesses that value access and exposure.
Key Highlights
- Retail/commercial building totaling 6,360 SF, built in 1986
- Situated on a 10.72‑acre lot along N Circle Dr in Colorado Springs
- Includes an existing drive‑through for restaurant, retail, or service‑oriented use
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 | $114.5k | $18.00 |
| − Vacancy | −$5.2k | −$0.81 |
| EGI | $109.3k | $17.19 |
| − OpEx | −$32.8k | −$5.16 |
| NOI | $76.5k | $12.03 |
6,360 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$956.6K – $1.28M
NOI $76,530 @ 7.0% cap · market cap 3.83%
Second Best
Office B
$894.4K
$782.6K – $1.04M
NOI $62,606 @ 7.0% cap · market cap 3.13%
Theoretical Best
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $87,921 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
colorado springs roofers
Roofing Company
Roofing Service
Roofing Company
Westren Coloto A2
Image Consultant
Infinite Disposal
Waste Management Facility
Karl Plott
Alternative Medicine Practice
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FAQs
What type of property is this?
Retail space - Retail building on a 10.72-acre lot featuring an existing drive-through along North Circle Drive in Colorado Springs.
Where is this retail space located?
The property is located at 1809 N Circle Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Retail/commercial building totaling 6,360 SF, built in 1986; Situated on a 10.72‑acre lot along N Circle Dr in Colorado Springs; Includes an existing drive‑through for restaurant, retail, or service‑oriented use
