Retail Center in Colorado
6660-6660 Delmonico Dr. Colorado Springs, CO
For Sale
Contact for pricing
Multi-tenant retail center with stable income and upside potential.
Property Size23,662 SF
Lot Size2.15 Acres
Price / SF$301.18
Days on Market297
Property Features for 6660-6660 Delmonico Dr.
General Information
Standard status
Active
Size
23,662 SF
Lot size
2.15 Acres
Property subtype
RETAIL
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 659-1095
Listed By:
Alex Dumas · License #FA.040034163
(719) 659-1095
Source:
Moodyscre
Added: Oct 7, 2025
Changed: Jul 10
Last Checked: Jul 21 at 6:26AM
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 Partners, Inc.
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $425.9k | $18.00 |
| − Vacancy | −$19.2k | −$0.81 |
| EGI | $406.7k | $17.19 |
| − OpEx | −$122.0k | −$5.16 |
| NOI | $284.7k | $12.03 |
23,662 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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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.
