Corner Retail
For Sale
Contact for pricing
6385 N Academy Blvd, Colorado Springs, CO 80918
Corner retail storefront with good visibility and signage on North Academy Blvd near Dominion Way.
Property Size6,424 SF
Price / SF$210.15
Days on Market206
Property Features for 6385 N Academy Blvd
General Information
Standard status
Active
Size
6,424 SF
Total Parking Spaces
57
Property subtype
Retail, Office
Zoning
MX-M
Additional Details
Traffic Count
50,000 vehicles/day
Building Details
Year Built
1986
Listing Agency:
Colliers - Denver, Colorado
Listed By:
Scot Huber · License #CO EA.000273881
(303) 888-3428
Source:
Crexi
Added: Mar 31
Changed: Oct 14
Last Checked: Oct 20 at 5:19PM
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 Colliers - Denver, Colorado
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Investment Insights
Based on property information with market context.
This corner retail storefront offers strong street-facing presence with good visibility and signage. The property is identified as a commercial storefront within a strip-mall style retail setting.
Positioned at North Academy Blvd and Dominion Way, the location benefits from an approximate 50,000 vehicles per day traffic count on North Academy. The surrounding area includes a mix of entertainment, retail, and residential uses.
The offering is presented for sale.
Positioned at North Academy Blvd and Dominion Way, the location benefits from an approximate 50,000 vehicles per day traffic count on North Academy. The surrounding area includes a mix of entertainment, retail, and residential uses.
The offering is presented for sale.
Key Highlights
- Corner retail storefront on North Academy Blvd near Dominion Way
- Approx. 50,000 VPD traffic count on North Academy
- Good visibility and signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,423
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,628,460
$1.6M
Cap Rate 7%
$1,163,186
$1.2M
Cap Rate 9%
$904,700
$904.7K
Market Conditions
NOI Build-Up for 6,424 SF
Gross rent
$121.8K $18.96/SF
− Vacancy
−$5.5K −$0.85/SF
EGI
$116.3K $18.11/SF
− OpEx
−$34.9K −$5.43/SF
NOI
$81.4K $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%
$1,628,460
Cap Rate 7%
$1,163,186
Cap Rate 9%
$904,700
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,423 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $114,934 @ 7.0% cap · market cap 8.51%
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
Lease Details
50,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
47k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 35%
Dining 32%
Shops & Services 30%
Home Improvements & Furnishings 4%
Sprouts Farmers Market
Groceries
16,516 visits/mo
0.2 miles
Starbucks
Dining
15,106 visits/mo
0.5 miles
7-Eleven
Shops & Services
5,779 visits/mo
0.1 miles
Discount Tire Store
Shops & Services
4,615 visits/mo
0.2 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
1,770 visits/mo
0.2 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Strip mall - Corner retail storefront with good visibility and signage on North Academy Blvd near Dominion Way.
Where is this strip mall located?
The property is located at 6385 N Academy Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Corner retail storefront on North Academy Blvd near Dominion Way; Approx. 50,000 VPD traffic count on North Academy; Good visibility and signage
