Mixed-Use Property with On-Site
New
For Sale
Contact for pricing
2017-2031 E Bijou St, Colorado Springs, CO 80909
Retail and office spaces feature tenant-controlled HVAC and electrical signage above each unit.
Property Size6,400 SF
Lot Size0.37 Acres
Price / SF$124.84
Days on Market7
Property Features for 2017-2031 E Bijou St
General Information
Standard status
Active
Size
6,400 SF
Lot size
0.37 Acres
Property subtype
RETAIL
Additional Details
Cap Rate
7%
Corner Location
Yes
Amenities
tenant-controlled HVAC
air conditioning
electrical signage
on-site parking
Building Details
Buildings
1
Building Size
6,400 SF
Tenancy
Multi
Listing Agency:
Peak Commercial Properties
(719) 227-9987
Listed By:
Jason Castro · License #ER.100092537
(719) 759-9935
Source:
Moodyscre
Added: Sep 29
Changed: Oct 2
Last Checked: Oct 4 at 11:22AM
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.
This mixed-use property combines approximately 6,400 square feet of retail and office space on a 0.37-acre parcel. The building has tenant-controlled HVAC, air conditioning, and electrical signage above each unit, with on-site parking. Reported improvements include a roof installed in 2016, front stucco completed in 2018, and rear security doors added in 2019. The parking lot was restriped in 2025; furnaces, air-conditioning units, windows, and LED lighting have also been updated at various times.
At 2017–2031 E Bijou Street in Colorado Springs, the property occupies a corner along East Bijou Street with exposure to passing traffic. The reported capitalization rate is approximately 7%.
At 2017–2031 E Bijou Street in Colorado Springs, the property occupies a corner along East Bijou Street with exposure to passing traffic. The reported capitalization rate is approximately 7%.
Key Highlights
- Approximately 6,400 SF of retail and office space on 0.37 acres
- Reported capitalization rate of approximately 7%
- Corner location on East Bijou Street in Colorado Springs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,424
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,428,480
$1.4M
Cap Rate 7%
$1,020,343
$1.0M
Cap Rate 9%
$793,600
$793.6K
Market Conditions
NOI Build-Up for 6,400 SF
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.
Gross rent
$122.9K $19.20/SF
− Vacancy
−$8.6K −$1.34/SF
EGI
$114.3K $17.86/SF
− OpEx
−$42.9K −$6.70/SF
NOI
$71.4K $11.16/SF
Area
Colorado Springs, CO
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,428,480
Cap Rate 7%
$1,020,343
Cap Rate 9%
$793,600
Alternative Uses
Best Use
Retail
$1.10M
$962.6K – $1.28M
NOI $77,011 @ 7.0% cap · market cap 9.64%
Second Best
Mixed Use
$1.02M
$892.8K – $1.19M
NOI $71,424 @ 7.0% cap · market cap 8.94%
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,474 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
104k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Dining 31%
Apparel 20%
Electronics 1%
Dutch Bros. Coffee
Dining
23,115 visits/mo
0.4 miles
Arc Thrift Store
Apparel
15,003 visits/mo
0.5 miles
Phillips 66
Shops & Services
13,831 visits/mo
0.4 miles
King Soopers Fuel Center
Shops & Services
8,697 visits/mo
0.4 miles
7-Eleven
Shops & Services
7,862 visits/mo
0.4 miles
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office spaces feature tenant-controlled HVAC and electrical signage above each unit.
Where is this mixed-use property located?
The property is located at 2017-2031 E Bijou St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Approximately 6,400 SF of retail and office space on 0.37 acres; Reported capitalization rate of approximately 7%; Corner location on East Bijou Street in Colorado Springs
