Flex-Style Mixed-Use Commercial
For Sale
$895,000
3672 East Bijou Street, Colorado Springs, CO 80909
Clean flex-style mixed-use building plus small free-standing space on an MX-L zoned lot near Academy.
Property Size5,950 SF
Lot Size0.62 Acres
Price / SF$150.42
Days on Market1724
Property Features for 3672 East Bijou Street
General Information
Standard status
Active
Size
5,950 SF
Lot size
0.62 Acres
Property subtype
Flex, Retail
Zoning
C6
Site & Location
Neighborhood
Park Hill
Building Details
Building Size
5,950 SF
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Tim Leigh · License #EA314631
(719) 337-9551
Source:
Hoffleigh
Added: Feb 10, 2022
Changed: Oct 25
Last Checked: Oct 30 at 10:24AM
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
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Investment Insights
Based on property information with market context.
The property at 3672 East Bijou Street offers a clean, flex-style, mixed-use commercial building with approximately 5,000 square feet of space. In addition, there is a small, free-standing building of approximately 950 square feet, bringing the total offering to approximately 5,950 square feet. The arrangement supports flexible tenant needs where offices, light industrial activity, or other mixed-use requirements may work within the same commercial setting.
The buildings are located on a 27,000 square foot lot zoned MX-L. The location is described as having easy access to Academy, which can be helpful for day-to-day customer or employee travel depending on how the space is utilized.
This offering is available for sale or lease and may appeal to tenants or buyers looking for a straightforward flex-style setup with two distinct structures on a single lot. The MX-L zoning and mixed-use character of the property can be a practical fit for users that want the convenience of a primary building plus an additional free-standing space for storage, overflow, or a secondary function, subject to applicable zoning and lease terms.
The buildings are located on a 27,000 square foot lot zoned MX-L. The location is described as having easy access to Academy, which can be helpful for day-to-day customer or employee travel depending on how the space is utilized.
This offering is available for sale or lease and may appeal to tenants or buyers looking for a straightforward flex-style setup with two distinct structures on a single lot. The MX-L zoning and mixed-use character of the property can be a practical fit for users that want the convenience of a primary building plus an additional free-standing space for storage, overflow, or a secondary function, subject to applicable zoning and lease terms.
Key Highlights
- Clean flex‑style, mixed‑use commercial building totaling approximately 5,000 SF
- Additional small, free‑standing building of approximately 950 SF (total approximately 5,950 SF)
- Located on a 27,000 SF MX‑L zoned lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,596
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,431,920
$1.4M
Cap Rate 7%
$1,022,800
$1.0M
Cap Rate 9%
$795,511
$795.5K
Market Conditions
NOI Build-Up for 5,950 SF
Gross rent
$107.1K $18.00/SF
− Vacancy
−$4.8K −$0.81/SF
EGI
$102.3K $17.19/SF
− OpEx
−$30.7K −$5.16/SF
NOI
$71.6K $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%
$1,431,920
Cap Rate 7%
$1,022,800
Cap Rate 9%
$795,511
Alternative Uses
Best Use
Retail
$1.02M
$895.0K – $1.19M
NOI $71,596 @ 7.0% cap · market cap 8.00%
Second Best
Flex RnD
$818.8K
$716.5K – $955.3K
NOI $57,316 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,253 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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
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Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Similar Off Market Nearby
- Woodys Backyard Grill — 517 Potter Cir, Colorado Springs, CO 80909
Frequently Asked Questions
What type of property is this?
Flex space - Clean flex-style mixed-use building plus small free-standing space on an MX-L zoned lot near Academy.
Where is this flex space located?
The property is located at 3672 East Bijou Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Clean flex‑style, mixed‑use commercial building totaling approximately 5,000 SF; Additional small, free‑standing building of approximately 950 SF (total approximately 5,950 SF); Located on a 27,000 SF MX‑L zoned lot
