Retail Strip
For Sale
Contact for pricing
1817-1873 Peterson Rd, Colorado Springs, CO 80915
For-sale retail strip center offered with a stated 6.20% cap rate.
Property Size13,200 SF
Price / SF$187.50
Days on Market112
Property Features for 1817-1873 Peterson Rd
General Information
Standard status
Active
Size
13,200 SF
Property subtype
Retail
Zoning
CC (Community Commercial)
Occupancy
100%
Net Operating Income
$160,694
Additional Details
Cap Rate
6.2%
Building Details
Year Built
1974
Buildings
1
Stories
1
Units
8
Tenancy
Multi
Listing Agency:
NAI Highland, LLC
Listed By:
John Onstott · License #CO FA1175465
(719) 577-0044
Source:
Crexi
Added: Jun 18
Changed: Oct 4
Last Checked: Oct 5 at 5:47PM
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 NAI Highland, LLC
Investment Insights
Based on property information with market context.
This for-sale retail strip center is configured as a multi-unit retail property totaling 13,200 square feet. The offering is presented with a stated 6.20% cap rate.
The property is located at 1817 - 1873 Peterson Rd in Colorado Springs, Colorado (80915). The information provided does not specify individual unit configurations, tenant mix, or any particular site improvements beyond the retail strip center format.
For investors or owner-operators looking for a retail-focused asset, this property’s stated cap rate and defined overall size make it a straightforward candidate for underwriting within a retail shopping center portfolio. Tenants and brokers evaluating the space will likely want to confirm unit-level details, current occupancy status, and the specific terms of the sale during due diligence, as those specifics are not included in the provided materials.
The property is located at 1817 - 1873 Peterson Rd in Colorado Springs, Colorado (80915). The information provided does not specify individual unit configurations, tenant mix, or any particular site improvements beyond the retail strip center format.
For investors or owner-operators looking for a retail-focused asset, this property’s stated cap rate and defined overall size make it a straightforward candidate for underwriting within a retail shopping center portfolio. Tenants and brokers evaluating the space will likely want to confirm unit-level details, current occupancy status, and the specific terms of the sale during due diligence, as those specifics are not included in the provided materials.
Key Highlights
- Retail strip center built in 1974
- Offered with a stated 6.20% cap rate
- Total building size: 13,200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,836
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,176,720
$3.2M
Cap Rate 7%
$2,269,086
$2.3M
Cap Rate 9%
$1,764,844
$1.8M
Market Conditions
NOI Build-Up for 13,200 SF
Gross rent
$237.6K $18.00/SF
− Vacancy
−$10.7K −$0.81/SF
EGI
$226.9K $17.19/SF
− OpEx
−$68.1K −$5.16/SF
NOI
$158.8K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,176,720
Cap Rate 7%
$2,269,086
Cap Rate 9%
$1,764,844
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $158,836 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Strip mall - For-sale retail strip center offered with a stated 6.20% cap rate.
Where is this strip mall located?
The property is located at 1817-1873 Peterson Rd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: Retail strip center built in 1974; Offered with a stated 6.20% cap rate; Total building size: 13,200 SF
