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    623 Murray Blvd Colorado Springs, CO 80915

    For Lease
    $12 SF/Yr

    Walmart-Anchored Shopping Center, Two Spaces Available

    Lot size:
    3,784 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    Murray Square, located at 623 N Murray Blvd in Colorado Springs, CO 80915, presents a prime retail opportunity. This neighborhood shopping center boasts a highly visible location at the well-lit intersection of Platte Avenue and Murray Boulevard, one of Colorado Springs' busiest intersections. The property offers two available end-cap spaces, ranging from 1,497 to 2,287 square feet, ideal for a variety of retail uses. Ample parking is provided for customer convenience, ensuring easy access and a positive shopping experience. The center benefits from excellent visibility and accessibility, making it an attractive location for businesses seeking high foot traffic. Murray Square is strategically situated within densely populated residential neighborhoods, providing a strong customer base. The center is anchored by a Walmart Neighborhood Market and the Pikes Peak Library District Ruth Holley Branch, creating a synergistic environment and drawing significant traffic. This is a rare opportunity to secure retail space in a thriving, well-established shopping center with strong anchor tenants and excellent visibility. The property is classified as a multiple-tenancy retail shopping center in El Paso County, Colorado.

    Property Features for 623 Murray Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,784 SF

    Unit(s) available at that property

    Space
    659 N Murray Blvd
    Size
    2,287 SF
    Rate per SF
    $12
    Space
    623 N Murray Blvd
    Size
    1,497 SF
    Rate per SF
    $12

    HighLights

    • Prime retail opportunity in Colorado Springs' Murray Square shopping center at 623 N Murray Blvd.
    • Two available end‑cap spaces ranging from 1,497 to 2,287 square feet.
    • High‑visibility location at the busy intersection of Platte Avenue and Murray Boulevard with ample parking.
    • Strong customer base due to nearby dense residential neighborhoods.
    • Anchored by Walmart Neighborhood Market and Pikes Peak Library District, driving significant traffic.
    • Multiple‑tenancy retail center in El Paso County, CO.
    Property Profile Location Intelligence

    Current Use by Public Records

    Claudia's Quality Cleaning House Cleaning Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.74693167713
    Latitude
    38.841784861762

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    FAQs

    What type of property is this?
    Retail property - Walmart-Anchored Shopping Center, Two Spaces Available
    Where is this retail property located?
    The property is located at 623 Murray Blvd Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prime retail opportunity in Colorado Springs' Murray Square shopping center at 623 N Murray Blvd.; Two available end-cap spaces ranging from 1,497 to 2,287 square feet.; High-visibility location at the busy intersection of Platte Avenue and Murray Boulevard with ample parking.
    Request Owner's contact information
    623 Murray Blvd Colorado Springs, CO 80915
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    Colorado Springs, CO 80915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    623 Murray Blvd Colorado Springs, CO 80915
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