3634-3642 Jeannine Dr, Colorado Springs, CO
Small strip center near Academy & Austin Bluffs. Below market rents.
- Added:
- Sep 18, 2025
- Days on Market:
- 270
- Last Refresh:
- May 20 at 9:21 pm
Property Features for 3634-3642 Jeannine Dr
General Information
- Standard status
- Active
- Size
- 8,100 SF
- Lot size
- 0.57 Acres
- Property subtype
- RETAIL
Listing agent Tim Leigh (719) 337-9551
Listing office Hoff & Leigh (719) 337-9551
Listing date Sep 18, 2025
Source Moodyscre
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 Hoff & Leigh
HighLights
- New roof and recently replaced RTUs (4 of 5), minimizing near‑term capital expenditures.
- Consistent rent payment history from established 'mom & pop' tenants.
- Located near Academy & Austin Bluffs, a potentially desirable location.
- C5 CR zoning on a 25,000 SF lot.
- Each unit features a retail front area and a rear overhead door.
- Below market rents offer potential for increased income upon lease renewal.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $145.8k | $18.00 |
| − Vacancy | −$6.6k | −$0.81 |
| EGI | $139.2k | $17.19 |
| − OpEx | −$41.8k | −$5.16 |
| NOI | $97.5k | $12.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.759
- Latitude
- 38.886
