Retail Condos Investment
3729 Austin Bluffs Pkwy Colorado Springs, CO 80918
3729 Austin Bluffs Pkwy, Colorado Springs, CO, 80918
Contact for pricing
For Sale
Contact for pricing
NNN investment property with steady cash-flow and low maintenance.
Property Size6,000 SF
Price / SF$375.33
Days on Market1505
Property Features for 3729 Austin Bluffs Pkwy
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail
Listing Agency
Hoff & Leigh
(719) 630-2277
Listed by
Brandon Langiewicz · License #CO FA100067372
Source
Crexi
Added: Jun 3, 2022 Checked: Jul 16 at 7:28 am
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
Located at 3729 and 3737 Austin Bluffs Pkwy, Colorado Springs, this property presents a unique NNN investment opportunity. The site includes three retail condos, with two currently available for sale. The building is well-maintained and clean. Benefiting from high visibility, the property is situated near the intersection of Austin Bluffs and Academy, a busy lighted intersection in Colorado Springs. The tenants have been in place for over 5 years and demonstrate strong financials, offering steady cash-flow and low maintenance.
Key Highlights
- High visibility location at a busy, lighted intersection (Austin Bluffs and Academy).
- NNN investment property offering low maintenance.
- Steady cash‑flow investment opportunity.
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 | $113.8k | $18.96 |
| − Vacancy | −$5.1k | −$0.85 |
| EGI | $108.6k | $18.11 |
| − OpEx | −$32.6k | −$5.43 |
| NOI | $76.0k | $12.67 |
6,000 SF · lease $18.96/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$950.6K – $1.27M
NOI $76,049 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,348 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best Bud Cannabis
(Bike/Boat/Book/etc) Store
Best Budz
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - NNN investment property with steady cash-flow and low maintenance.
Where is this nnn property located?
The property is located at 3729 Austin Bluffs Pkwy Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,252,000.
What are key features of this property?
This property features: High visibility location at a busy, lighted intersection (Austin Bluffs and Academy).; NNN investment property offering low maintenance.; Steady cash‑flow investment opportunity.
