Mixed-Use Property with Retail
3601 East Platte Avenue, Colorado Springs, CO 80909
For Sale
Contact for pricing
A 6,000-square-foot retail component is part of this mixed-use property.
Property Size6,000 SF
Price / SF$141.65
Days on Market56
Property Features for 3601 East Platte Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Acacia Reality
Listed By:
MARK MUNOZ · License CO EI.040042619
Source:
Crexi
Added: Sep 20
Changed: Oct 25
Last Checked: Nov 12 at 5:13AM
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 Acacia Reality
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Investment Insights
Based on property information with market context.
This mixed-use property includes 6,000 square feet of retail space. It is located at 3601 East Platte Avenue in Colorado Springs, Colorado.
Key Highlights
- 6,000 square feet of retail space
- Located at 3601 East Platte Avenue in Colorado Springs, CO 80909
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,198
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,443,960
$1.4M
Cap Rate 7%
$1,031,400
$1.0M
Cap Rate 9%
$802,200
$802.2K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$4.9K −$0.81/SF
EGI
$103.1K $17.19/SF
− OpEx
−$30.9K −$5.16/SF
NOI
$72.2K $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%
$1,443,960
Cap Rate 7%
$1,031,400
Cap Rate 9%
$802,200
Alternative Uses
Best Use
Retail
$1.03M
$902.5K – $1.20M
NOI $72,198 @ 7.0% cap · market cap 8.49%
Second Best
Mixed Use
$956.6K
$837.0K – $1.12M
NOI $66,960 @ 7.0% cap · market cap 7.88%
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
458k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 27%
Dining 27%
Apparel 20%
Home Improvements & Furnishings 17%
Chick-fil-A
Dining
43,601 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
33,774 visits/mo
0.4 miles
Olive Garden
Dining
31,577 visits/mo
0.3 miles
Burlington
Apparel
29,650 visits/mo
0.3 miles
Dollar Tree
Shops & Services
27,154 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in El Paso County
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 6,000-square-foot retail component is part of this mixed-use property.
Where is this mixed-use property located?
The property is located at 3601 East Platte Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 6,000 square feet of retail space; Located at 3601 East Platte Avenue in Colorado Springs, CO 80909
