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    Rustic Hl Shopping Ctr Colorado Springs, CO 80909

    Sponsored
    For Lease
    $10 SF/Yr

    Colorado Springs Retail Center, 13 Spaces Available

    Lot size:
    252,406 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Rustic Hills Shopping Center, a 252,406 square foot retail center in Colorado Springs, CO, presents a unique investment opportunity. Located on a major shopping corridor on Academy Boulevard, between Palmer Park Boulevard and San Miguel Street, this property boasts a prime location within a rapidly growing community. The center sits on a substantial 105.43-acre lot and offers ample parking with 1,230 surface spaces. Built in 1969, the property is zoned PBC (El Paso County APN: 641412-11-007) and currently has 185,494 square feet of vacant space available for lease. Spaces range from a minimum of 450 square feet to a maximum contiguous space of 56,845 square feet, providing flexibility for a variety of tenants. Several opportunities exist for large-format retailers, including a former gym space featuring a pool and basketball court. This property offers significant potential for redevelopment and expansion within a thriving market. The property's size and location make it ideal for a variety of retail uses. The substantial vacant space presents a unique opportunity for a significant tenant to establish a strong presence in this desirable area.

    Property Features for 0 Rustic Hl Shopping Ctr

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    252,406 SF
    Total Rate
    210338.33

    Building Details

    Year Built
    1969

    Unit(s) available at that property

    Space
    1367 N Academy
    Size
    1,870 SF
    Rate per SF
    $14
    Space
    1359 N academy
    Size
    1,600 SF
    Rate per SF
    $14
    Space
    1311 N Academy
    Size
    2,700 SF
    Rate per SF
    $14
    Space
    1375 N Academy
    Size
    2,240 SF
    Rate per SF
    $14
    Space
    1355 N Academy
    Size
    600 SF
    Rate per SF
    $14
    Space
    3906 San Miguel
    Size
    4,090 SF
    Rate per SF
    $14
    Space
    1329 N Academy
    Size
    987 SF
    Rate per SF
    $14
    Space
    1337-1347 N Academy
    Size
    10,530 SF
    Rate per SF
    $14
    Space
    3999 Palmer Park
    Size
    31,330 SF
    Rate per SF
    $12
    Space
    3975 Palmer Park
    Size
    20,402 SF
    Rate per SF
    $12
    Space
    1409 N Academy
    Size
    45,000 SF
    Rate per SF
    $12
    Space
    3967 Palmer Park
    Size
    7,300 SF
    Rate per SF
    $12
    Space
    3979 Palmer Park
    Size
    56,845 SF
    Rate per SF
    $12

    HighLights

    • Lease Rate: $10.00 - $14.00 PSF, Full Service Gross (FSG)
    • Estimated NNN Expenses: $3.00 PSF (2024)
    • Built in 1969
    • 1,230 Surface Parking Spaces
    • PBC Zoning
    • Parcel ID: 641212‑11‑007
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7540359
    Latitude
    38.8552627

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    FAQs

    What type of property is this?
    Lifestyle center - Colorado Springs Retail Center, 13 Spaces Available
    Where is this lifestyle center located?
    The property is located at Rustic Hl Shopping Ctr Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $12-$14 SF/Yr.
    What are key features of this property?
    This property features: Lease Rate: $10.00 - $14.00 PSF, Full Service Gross (FSG); Estimated NNN Expenses: $3.00 PSF (2024); Built in 1969
    Request Owner's contact information
    Rustic Hl Shopping Ctr Colorado Springs, CO 80909
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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
    Rustic Hl Shopping Ctr Colorado Springs, CO 80909
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