Retail Center in Colorado
For Sale
$7,126,485
6660-6660 Delmonico Dr., Colorado Springs, CO 80919
Multi-tenant retail center with stable income and upside potential.
Property Size23,662 SF
Days on Market339
Property Features for 6660-6660 Delmonico Dr.
General Information
Standard status
Active
Size
23,662 SF
Property subtype
Retail
Site & Location
Neighborhood
Pinecliff
Building Details
Building Size
23,662 SF
Listing Agency:
Olive Real Estate Group
Listed By:
Alex Dumas · License #FA.040034163
(719) 659-1095
Source:
Commercialcafe
Added: Nov 24, 2025
Changed: Oct 25
Last Checked: Oct 28 at 4:45AM
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 Olive Real Estate Group
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Investment Insights
Based on property information with market context.
Delmonico Square is a multi-tenant retail center encompassing 23,662 square feet, situated on 2.13 acres across three lots. The property is located at the signalized intersection of Delmonico Drive and Rockrimmon Boulevard, in a neighborhood surrounded by established, high-income residential communities. The location benefits from consistent daily traffic, convenient access to I-25, and good visibility. The center is anchored by a mix of service-based and retail tenants catering to the daily needs of the surrounding population, contributing to low vacancy and consistent cash flow. As of November 1, 2025, the total net rents are $498,853. The property is well-maintained and features a stable, long-term tenant base with market upside. The exterior facade was remodeled in 2018. Annual rent escalations are in place, driving NOI growth. With limited new retail development in the area and rising barriers to entry, this property presents an opportunity to acquire a stable, income-producing asset in a supply-constrained submarket.
Key Highlights
- Fully leased asset generating $498,853 in net rents annually (as of November 1, 2025).
- Located at a signalized intersection with high visibility and easy access to I‑25.
- Stable, long‑term tenant base with potential for market upside.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$284,725
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,694,500
$5.7M
Cap Rate 7%
$4,067,500
$4.1M
Cap Rate 9%
$3,163,611
$3.2M
Market Conditions
NOI Build-Up for 23,662 SF
Gross rent
$425.9K $18.00/SF
− Vacancy
−$19.2K −$0.81/SF
EGI
$406.7K $17.19/SF
− OpEx
−$122.0K −$5.16/SF
NOI
$284.7K $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%
$5,694,500
Cap Rate 7%
$4,067,500
Cap Rate 9%
$3,163,611
Alternative Uses
Best Use
Retail
$4.07M
$3.56M – $4.75M
NOI $284,725 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.67M
$4.09M – $5.45M
NOI $327,103 @ 7.0% cap · market cap 4.59%
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
433
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 41%
SUBWAY
Dining
2,139 visits/mo
0.1 miles
The UPS Store
Shops & Services
1,920 visits/mo
0.1 miles
Domino's Pizza
Dining
609 visits/mo
0.1 miles
Demographics for 80919, CO
28,909
Population
12,033
Households
2.4
Avg Household Size
43
Median Age
62%
College-Educated
98%
High-School Grad
27.4 sq mi
ZIP Area
1,055
Density / Sq Mi
$116,316
Median Household Income
$60,084
Median Earnings
$1,800
Median Rent
$570,200
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with stable income and upside potential.
Where is this shopping center located?
The property is located at 6660-6660 Delmonico Dr. Colorado Springs, CO.
What is the asking price?
The asking price for this property is $7,126,485.
What are key features of this property?
This property features: Fully leased asset generating $498,853 in net rents annually (as of November 1, 2025).; Located at a **signalized intersection with high visibility and easy access to I‑25.**; Stable, long‑term tenant base with potential for market upside.
