Retail Condos Investment
3729 Austin Bluffs Parkway, Colorado Springs, CO 80918
For Sale
$2,252,000
NNN investment property with steady cash-flow and low maintenance.
Property Size5,998 SF
Price / SF$375.46
Days on Market1618
Property Features for 3729 Austin Bluffs Parkway
General Information
Standard status
Size
Property subtype
Zoning
Net Operating Income
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Hoff & Leigh
(720) 572-5187
Listed By:
Brandon Langiewicz, SIOR · License #FA100067372
(715) 512-0265
Source:
Hoffleigh
Added: Jun 3, 2022
Changed: Oct 26
Last Checked: Nov 6 at 5:07AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 3729 and 3737 Austin Bluffs Pkwy, Colorado Springs, this property presents a unique NNN investment opportunity. The site includes three retail condos, with two currently available for sale. The building is well-maintained and clean. Benefiting from high visibility, the property is situated near the intersection of Austin Bluffs and Academy, a busy lighted intersection in Colorado Springs. The tenants have been in place for over 5 years and demonstrate strong financials, offering steady cash-flow and low maintenance.
Key Highlights
- High visibility location at a busy, lighted intersection (Austin Bluffs and Academy).
- NNN investment property offering low maintenance.
- Steady cash‑flow investment opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,023
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,460
$1.5M
Cap Rate 7%
$1,086,043
$1.1M
Cap Rate 9%
$844,700
$844.7K
Market Conditions
NOI Build-Up for 5,998 SF
Gross rent
$113.7K $18.96/SF
− Vacancy
−$5.1K −$0.85/SF
EGI
$108.6K $18.11/SF
− OpEx
−$32.6K −$5.43/SF
NOI
$76.0K $12.67/SF
Area
ZIP 80918
Vacancy
4.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,520,460
Cap Rate 7%
$1,086,043
Cap Rate 9%
$844,700
Alternative Uses
Best Use
Retail
$1.09M
$950.3K – $1.27M
NOI $76,023 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,312 @ 7.0% cap · market cap 4.77%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
363k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 28%
Groceries 17%
Apparel 10%
King Soopers
Groceries
60,695 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
30,186 visits/mo
0.4 miles
Murphy USA
Shops & Services
20,325 visits/mo
0.3 miles
Ross Dress for Less
Apparel
17,676 visits/mo
0.2 miles
Goodwill
Apparel
17,160 visits/mo
0.3 miles
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
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 NNN properties in Colorado Springs
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
NNN property - NNN investment property with steady cash-flow and low maintenance.
Where is this nnn property located?
The property is located at 3729 Austin Bluffs Parkway Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,252,000.
What are key features of this property?
This property features: High visibility location at a busy, lighted intersection (Austin Bluffs and Academy).; NNN investment property offering low maintenance.; Steady cash‑flow investment opportunity.
