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    The Largest CRE Database in the US with Over 1 Million Listings

    Powers Blvd Colorado Springs, CO 80901

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    For Sale
    Contact for pricing

    High-traffic commercial land, mixed-use potential.

    Property size:
    8,900 SF

    Property Features for 0 Powers Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    8,900 SF
    Lot Size
    28,750 SF

    We can help!

    Listing Contact
    Allen Lampert
    Allen Lampert

    Listing Agency: David Hicks Lampert Listing Agent: Allen Lampert

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Exceptional commercial development opportunity in Colorado Springs, CO, at Polaris Pointe. This prime location boasts .66 to 5.51 acres of land, ideal for mixed-use development, including retail. Situated on Powers Blvd, zip code 80901, the property offers unparalleled visibility and accessibility. The site benefits from proximity to major attractions, including the soon-to-open Sunset Outdoor Amphitheater (8,000 seats, opening Summer 2024), and an established roster of high-profile businesses such as Bass Pro Shops, TopGolf, iFly, and more, generating an estimated 3 million customers annually. This vibrant area provides a strong foundation for significant return on investment. Potential development options include retail spaces, with a proposed new shop building of up to 8,000 square feet, anticipated for completion in Spring 2025. The total land area is 8,900 square feet. This is a rare chance to secure a prominent position in a rapidly growing commercial hub. Don't miss this exceptional opportunity to capitalize on the area's thriving economy and high consumer traffic. Contact us today to learn more about this exciting development prospect.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7196998
    Latitude
    38.9137854

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    FAQs

    What type of property is this?
    Retail property - High-traffic commercial land, mixed-use potential.
    Where is this retail property located?
    The property is located at Powers Blvd Colorado Springs, CO.
    What are key features of this property?
    This property features: 8,900 SF of commercial land, mixed-use development opportunity in Colorado Springs, CO.; Lot sizes range from 0.66 to 5.51 acres.; Located on Powers Blvd, near Bass Pro Shops, TopGolf, and other major retailers.
    (303) 694-6082
    Request Owner's contact information
    Powers Blvd Colorado Springs, CO 80901
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    Colorado Springs, CO 80901
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Powers Blvd Colorado Springs, CO 80901
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    We can help!
    Listing Contact
    Allen Lampert
    Allen Lampert
    Real Estate License ID: ER.040006429
    (303) 694-6082 (303) 881-6986 (312) 529-5791
    Learn more
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