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    481 Highway 105 Monument, CO 80132

    For Lease
    $16 SF/Yr

    Prime Monument location, 1,050 SF available.

    Lot size:
    29,204 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Monument Plaza, located at 481 W Hwy 105 in Colorado Springs, CO 80132, presents a unique opportunity within the thriving CO - Colorado Springs Tri-Lakes submarket. This single-story, 29,204 square foot retail strip center, built in 1984, sits on a 3.6-acre lot (156,816 square feet) and is zoned C-1 (Monument). Currently, there is 1,050 square feet of vacant space available for lease within this established center. The property boasts a strong tenant roster including Farmers Insurance, Domino's Pizza, Horseshoe Donuts, Broken Bones Barbecue, American Family Insurance, RoadStar Academy, Live Now, Game City, TK Nails, Dirty Dogs Grooming, Inconceivable Toys and Games, Rocky Mountain Barbershop, Beads & Needs, Chief Vapor, and Columbine Gardens. Ample parking is provided with 111 spaces, a ratio of 4 spaces per 1,000 square feet. This well-maintained property offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. The property is located in El Paso County.

    Property Features for 481 Highway 105

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    29,204 SF
    Total Rate
    38938.67

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite J
    Size
    1,050 SF
    Rate per SF
    $18

    HighLights

    • Prime Monument CBD location with high foot traffic.
    • Excellent demographics in the immediate area.
    • High visibility and convenient access from Hwy 105 and I‑25.
    • Competitive lease rates.
    • Abundant parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Monument
    County
    El Paso
    State
    Colorado
    Longitude
    -104.86612747
    Latitude
    39.09469145

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Monument location, 1,050 SF available.
    Where is this neighborhood center located?
    The property is located at 481 Highway 105 Monument, CO.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime Monument CBD location with high foot traffic.; Excellent demographics in the immediate area.; High visibility and convenient access from Hwy 105 and I-25.
    Request Owner's contact information
    481 Highway 105 Monument, CO 80132
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    Monument, CO 80132
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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
    481 Highway 105 Monument, CO 80132
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