Technical
Financial
Distress signals
Property profile

2506 Colorado Ave Colorado Springs, CO 80904

OFF-MARKET
Theaters & concert halls
Property ID
US13-0364760
6,292 SF 0.11 ac lot Built 1910
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This mixed-use commercial property is located on Colorado Avenue in Colorado Springs, Colorado 80904 (El Paso County) on a 0.11-acre lot. The building includes two street-level retail units with frontage on Colorado Avenue, configured for commercial retail use such as boutique retail, food and beverage concepts, or gallery-style occupancy. An upper-level loft/event space functions as an auditorium/event center for live performances and private or corporate events. The property also includes “The Vault,” a 900 sq. ft. themed speakeasy-style space with a 1920s design, suited for private events and hospitality-oriented programming. The overall layout combines street-facing retail with upper-level event uses.

Property profile

Verified
Property type Theaters & concert halls
Use group AUDITORIUM
Year built 1910
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,292 SF
Lot 0.11 ac (4,800 SF)
Zoning code C6
APN 7411225021
UPID US13-0364760

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Hotel & Motel Resort
  • Financial Advisor
  • Photography Service (Bike/Boat/Book/etc) Store
  • Wedding Service Photography Service

Location

2506 Colorado Ave Colorado Springs, CO 80904-3023
Colorado Springs metro Census 1301 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2016
7 recorded transactions
2024
Price N/A
2023
Price N/A
2023
Price N/A
2019
Price N/A
2017
Price N/A
2016
$900,000
2012
$620,000

Zoning & alternative use

C6 · Colorado Springs, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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