Fully Leased Retail
6910 Palmer Park Blvd Colorado Springs, CO 80915
6910 Palmer Park Blvd, Colorado Springs, CO, 80915
Contact for pricing
For Sale
Contact for pricing
Retail center offering eight leased units ranging from 900 to 2,400 square feet.
Property Size13,200 SF
Price / SF$196.97
Days on Market98
Property Features for 6910 Palmer Park Blvd
General Information
- Standard status
- Active
- Size
- 13,200 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1974
Listing agency
NAI Highland, LLC
(719) 577-0044
Listed by
John Onstott · License #CO FA1175465
Source
Crexi
Added: Apr 16 Updated: Jul 22 at 12:15PM Checked: Jul 22 at 12:15PM
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
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
Local 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 | $237.6k | $18.00 |
| − Vacancy | −$10.7k | −$0.81 |
| EGI | $226.9k | $17.19 |
| − OpEx | −$68.1k | −$5.16 |
| NOI | $158.8k | $12.03 |
13,200 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kwik Way Number ...
Grocery & Convenience Store
ATM (Number 40)
Atm
LibertyX Bitcoin ATM
Atm
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FAQs
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
