Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fully Leased Shopping Center Investment Title is generated by Realmo AI

    3705-3737 Drennan Road, Colorado Springs, CO

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Fully leased shopping center with new roof and paved parking.

    Type:RETAIL
    Property size:
    30,060 SF
    Lot size:
    2.85 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 5 at 9:16 pm

    Property Features for 3705-3737 Drennan Road

    General Information

    Standard status
    Active
    Size
    30,060 SF
    Lot size
    2.85 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Chris Myers
    Chris Myers

    Listing agent Chris Myers License #FA100088653

    Listing office Hoff & Leigh

    Listing date Nov 24, 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

    • Fully leased property provides immediate and stable income stream.
    • Strategic location near Amazon's 3.7 million sq ft warehouse increases visibility and foot traffic.
    • Recently installed new roof and freshly paved parking lot ensures modern exterior and reduces maintenance costs.
    • Room for growth and expansion caters to prospective and current tenants.
    • Property's popularity and success within the community.
    • Potential for long‑term appreciation.

    Overview

    This fully leased shopping center presents an investment opportunity. The property features a recently installed new roof and a freshly paved parking lot. All retail spaces are occupied, providing a stable income stream from established businesses. The property's design includes space for growth and expansion, offering opportunities for new and current tenants. The shopping center is located near a 3.7 million square foot Amazon warehouse, offering enhanced visibility, increased foot traffic, and access to the e-commerce ecosystem. The property has a size of 30060 square feet and is located at 3705-3737 Drennan Road, Colorado Springs, CO.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Southpointe Plaza — 503 Milton E Proby Pkwy, Colorado Springs, CO 80910
    • Colorado MV Express Kiosk — 2910 S Academy Blvd, Colorado Springs, CO 80916
    • Pikes Peek Tours — 3465 Astrozon Pl, Colorado Springs, CO 80910
    • Coinstar Kiosk | Bitcoin ATM — Kroger - King Soopers, 2910 S Academy Blvd, Colorado Springs, CO 80916

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.758
    Latitude
    38.781

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      CO, Colorado Springs - Corporate Dr

      6760 Corporate Dr, Colorado Springs, CO 80919
      View Details
    • $119-$5,587/Mo
      11-1,292 SF

      Downtown Alamo Corporate Center

      102 Tejon St, Unit 1100, Colorado Springs, CO 80903
      View Details
    • $129-$6,316/Mo
      11-1,292 SF

      Delmonico Drive

      5825 Delmonico Dr, Unit 320, Colorado Springs, CO 80919
      View Details
    • $129-$8,956/Mo
      11-1,292 SF

      Briargate

      1755 Telstar Dr, Unit 300, Colorado Springs, CO 80920
      View Details
    • $1,500/Mo
      810 SF

      New Warehouse Unit For Rent

      Newly constructed warehouse space ideal for storage or small business.
      2510 Canada Dr A116, Colorado Springs, CO 80922
      View Details
    • $22 SF/Yr
      1,618 SF

      Downtown Retail Space For Lease

      1,618 SF retail space in walkable downtown location.
      517 South Tejon Street, Colorado Springs, CO 80903
      View Details
    • $1,250/Mo
      1,200 SF

      Move-in Ready Office with Lab

      1,200 SF office unit with lab space available now.
      3530 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $12 SF/Yr
      3,800 SF

      Unique Retail and Industrial Units

      Retail and industrial units for lease with land opportunity.
      102 South Chestnut Street, Colorado Springs, CO, 80905
      View Details
    • $24 SF/Yr
      1,203 SF

      High-Traffic Retail Endcap Space

      Retail space in a high-traffic shopping center.
      1157-1237 N Circle Dr, Colorado Springs, CO
      View Details
    • $1,250/Mo
      1,200 SF

      Move-in Ready Office with Lab

      Updated 1,200 sq ft office space with flexible lease terms.
      3530 Austin Bluffs Parkway, Colorado Springs, CO 80918
      View Details
    • $14 SF/Yr
      7,940 SF

      Professional Office Building For Lease

      Two-story office building in University Office Park available for lease.
      1867 Austin Bluffs Parkway, Colorado Springs, CO, 80918
      View Details
    • $14 SF/Yr
      8,100 SF

      Retail Center on Palmer Park

      Retail spaces available in lively Eastern Colorado Springs center.
      5879-5883 Palmer Park Blvd, Colorado Springs, CO
      View Details

    FAQs

    What type of property is this?
    Shopping center - Fully leased shopping center with new roof and paved parking.
    Where is this shopping center located?
    The property is located at 3705-3737 Drennan Road Colorado Springs, CO.
    What are key features of this property?
    This property features: Fully leased property provides immediate and stable income stream.; Strategic location near Amazon's 3.7 million sq ft warehouse increases visibility and foot traffic.; Recently installed new roof and freshly paved parking lot ensures modern exterior and reduces maintenance costs.
    (719) 630-2277 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Myers
    Chris Myers
    Real Estate License ID: FA100088653
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3705-3737 Drennan Road, Colorado Springs, CO
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!