Fully Leased Retail
For Sale
Contact for pricing
6910 Palmer Park Blvd, Colorado Springs, CO 80915
Retail center offering eight leased units ranging from 900 to 2,400 square feet.
Property Size13,200 SF
Price / SF$196.97
Days on Market191
Property Features for 6910 Palmer Park Blvd
General Information
Standard status
Active
Size
13,200 SF
Property subtype
Retail
Zoning
CC (Community Commercial)
Net Operating Income
$160,694
Building Details
Year Built
1974
Units
8
Listing Agency:
NAI Highland, LLC
Listed By:
John Onstott · License #CO FA1175465
(719) 667-6870
Source:
Crexi
Added: Apr 16
Changed: Oct 9
Last Checked: Oct 23 at 5:53AM
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 NAI Highland, LLC
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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.
This fully leased retail center is configured with eight individual units, with listed unit sizes ranging from 900 to 2,400 square feet. The offering is presented as a retail center investment with 100% occupancy and low turnover.
The property is located in East Central Colorado Springs at the intersection of Peterson Rd and Palmer Park Blvd.
For investors or owner-users seeking a multi-tenant retail asset, this package provides a diversified unit mix within a single retail center structure.
The property is located in East Central Colorado Springs at the intersection of Peterson Rd and Palmer Park Blvd.
For investors or owner-users seeking a multi-tenant retail asset, this package provides a diversified unit mix within a single retail center structure.
Key Highlights
- Eight‑unit retail center built in 1974
- 100% leased with low turnover, with current leases across all eight units
- Unit sizes range from 900 to 2,400 sq ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,836
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,176,720
$3.2M
Cap Rate 7%
$2,269,086
$2.3M
Cap Rate 9%
$1,764,844
$1.8M
Market Conditions
NOI Build-Up for 13,200 SF
Gross rent
$237.6K $18.00/SF
− Vacancy
−$10.7K −$0.81/SF
EGI
$226.9K $17.19/SF
− OpEx
−$68.1K −$5.16/SF
NOI
$158.8K $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%
$3,176,720
Cap Rate 7%
$2,269,086
Cap Rate 9%
$1,764,844
Alternative Uses
Best Use
Retail
$2.27M
$1.99M – $2.65M
NOI $158,836 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,477 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
Market
Vacancy Rate% for Retail in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center offering eight leased units ranging from 900 to 2,400 square feet.
Where is this shopping center located?
The property is located at 6910 Palmer Park Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Eight‑unit retail center built in 1974; 100% leased with low turnover, with current leases across all eight units; Unit sizes range from 900 to 2,400 sq ft
