747-795 E Citadel Dr, Colorado Springs, CO
0.5 - 2.4 AC pad site available for ground lease.
- Added:
- Feb 10, 2025
- Days on Market:
- 489
- Last Refresh:
- May 20 at 8:30 pm
Property Features for 747-795 E Citadel Dr
General Information
- Standard status
- Active
- Size
- 26,478 SF
- Lot size
- 2.40 Acres
- Property subtype
- RETAIL
Properties For Sale
at 747-795 E Citadel Dr Contact us
Listing agent Patrick McGlinchey (210) 303-3149
Listing office SRS Real Estate Partners | Denver (210) 303-3149
Listing date Feb 10, 2025
Source Moodyscre
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 SRS Real Estate Partners | Denver
HighLights
- Outparcel to the Citadel Mall with high visibility (96 AC, 2.2M visits/year)
- Pad site available for ground lease, ranging from 0.5 to 2.4 AC
- Located across from Citadel Crossing, featuring Lowe's, Petsmart, and Burlington Coat Factory
- Benefits from strong traffic counts on Academy Blvd & Platte Ave
Overview
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 | $476.6k | $18.00 |
| − Vacancy | −$21.4k | −$0.81 |
| EGI | $455.2k | $17.19 |
| − OpEx | −$136.5k | −$5.16 |
| NOI | $318.6k | $12.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.758
- Latitude
- 38.8435
