For-Sale Retail
For Sale
Contact for pricing
275 S Academy Blvd, Colorado Springs, CO 80910
For-sale retail space located on S Academy Blvd in Colorado Springs.
Property Size6,875 SF
Price / SF$132.91
Days on Market159
Property Features for 275 S Academy Blvd
General Information
Standard status
Active
Size
6,875 SF
Total Parking Spaces
128
Property subtype
Retail, Office
Zoning
MX-M
Building Details
Year Built
1974
Listing Agency:
Colliers - Denver, Colorado
Listed By:
Scot Huber · License #CO EA.000273881
(303) 745-5800
Source:
Crexi
Added: Mar 31
Changed: Aug 27
Last Checked: Sep 1 at 9:46AM
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 Colliers - Denver, Colorado
Investment Insights
Based on property information with market context.
This for-sale retail property offers 6,875 square feet of retail space. The offering is listed as a retail asset suitable for businesses seeking dedicated indoor retail area.
The property is located at 275 S Academy Blvd in Colorado Springs, CO 80910. Access and frontage are along S Academy Blvd, providing visibility to passersby on the boulevard.
The property is located at 275 S Academy Blvd in Colorado Springs, CO 80910. Access and frontage are along S Academy Blvd, providing visibility to passersby on the boulevard.
Key Highlights
- Retail space for sale on S Academy Blvd in Colorado Springs
- 6,875 SF retail space
- Built in 1974
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
$82,727
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
9.05%
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%
$1,654,540
$1.7M
Cap Rate 7%
$1,181,814
$1.2M
Cap Rate 9%
$919,189
$919.2K
Market Conditions
NOI Build-Up for 6,875 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
$123.8K $18.00/SF
− Vacancy
−$5.6K −$0.81/SF
EGI
$118.2K $17.19/SF
− OpEx
−$35.5K −$5.16/SF
NOI
$82.7K $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 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%
$1,654,540
Cap Rate 7%
$1,181,814
Cap Rate 9%
$919,189
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,727 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 38%
Shops & Services 32%
Dining 25%
Electronics 4%
The Home Depot
Home Improvements & Furnishings
33,774 visits/mo
0.5 miles
Conoco
Shops & Services
8,848 visits/mo
0.1 miles
Popeyes Louisiana Kitchen
Dining
8,387 visits/mo
0.3 miles
7-Eleven
Shops & Services
6,795 visits/mo
0.3 miles
Baskin-Robbins
Dining
6,693 visits/mo
0.3 miles
Demographics for 80910, CO
30,991
Population
13,940
Households
2.2
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
6.1 sq mi
ZIP Area
5,080
Density / Sq Mi
$56,681
Median Household Income
$37,110
Median Earnings
$1,299
Median Rent
$276,900
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?
Retail space - For-sale retail space located on S Academy Blvd in Colorado Springs.
Where is this retail space located?
The property is located at 275 S Academy Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $913,750.
What are key features of this property?
This property features: Retail space for sale on S Academy Blvd in Colorado Springs; 6,875 SF retail space; Built in 1974
