Mixed-Use Property with Retail
For Sale
Contact for pricing
3601 East Platte Avenue, Colorado Springs, CO 80909
A 6,000-square-foot retail component is part of this mixed-use property.
Property Size6,000 SF
Price / SF$141.65
Days on Market8
Property Features for 3601 East Platte Avenue
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Retail, Mixed Use
Listing Agency:
Acacia Reality
Listed By:
MARK MUNOZ · License #CO EI.040042619
Source:
Crexi
Added: Sep 20
Changed: Sep 24
Last Checked: Sep 26 at 6:48AM
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
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 = 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
$72,198
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
8.49%
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%
$1,443,960
$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
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
$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 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%
$1,443,960
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.
Property Analytics
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Open Analytics
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
View Realmo Analytics
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 - 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
