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    1828 Spring Water Pt Colorado Springs, CO 80921

    Sponsored
    For Sale
    $6,000,000

    High-demand, fully leased retail building.

    Property size:
    14,926 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A, two-story retail storefront in Colorado Springs, CO, presents a compelling investment opportunity. Located at 1828 Spring Water Pt, 80921, this 14,926 square foot building sits on an 11,883 square foot lot and boasts a prime location near I-25 & Interquest Pkwy, surrounded by thriving businesses including In-n-Out Burger, Slim Chickens, and more. The property, built in 2008 and extensively renovated in 2022, is currently 100% occupied by five tenants under NNN leases, with a lease commencement date of January 1, 2022, and an expiration date of November 30, 2028. The current Net Operating Income (NOI) is $397,952, yielding a 6.63% cap rate. Tenants include a diverse mix of businesses such as a salon, beauty supply store, yoga studio, pet grooming service, and a comedy club. The asking price is $6,000,000, translating to $401.98 per square foot. The property is zoned PUD and features a multi-tenant configuration. This investment offers a strong, stable income stream with significant upside potential in a rapidly growing area. The building consists of one structure with two stories. All first-floor tenants commenced occupancy on January 4, 2022, with the second-floor tenant anticipated to occupy in August 2022. Each tenant has signed a lease term of either five or seven years.

    Property Features for 1828 Spring Water Pt

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,926 SF
    Class
    A

    Building Details

    Year Built/Renovated
    2008/2022
    Buildings
    1
    Stories
    2
    Units
    5

    HighLights

    • $6,000,000 asking price for a 14,926 SF Class A retail storefront in Colorado Springs, CO.
    • Multi‑tenant property (5 tenants) with 100% occupancy.
    • NNN lease structure with a 6.63% cap rate and $397,952 NOI.
    • Located at 1828 Spring Water Pt, Colorado Springs, CO 80921, in a high‑demand area near I‑25 & Interquest Pkwy.
    • Built in 2008 and renovated in 2022, featuring two stories and 11,883 SF lot.
    • Leases commenced January 1, 2022, and expire November 30, 2028 (4 years remaining).
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Building Supply Gym & Fitness Daycare Center Skin Care Clinic Kitchen & Bath

    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
    -104.79318937009
    Latitude
    38.987927869017

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    FAQs

    What type of property is this?
    Individual retail property - High-demand, fully leased retail building.
    Where is this individual retail property located?
    The property is located at 1828 Spring Water Pt Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: $6,000,000 asking price for a 14,926 SF Class A retail storefront in Colorado Springs, CO.; Multi-tenant property (5 tenants) with 100% occupancy.; NNN lease structure with a 6.63% cap rate and $397,952 NOI.
    Request Owner's contact information
    1828 Spring Water Pt Colorado Springs, CO 80921
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    Colorado Springs, CO 80921
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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
    1828 Spring Water Pt Colorado Springs, CO 80921
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