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    5821 Academy Blvd Colorado Springs, CO 80918

    For Lease
    $10 SF/Yr

    Colorado Springs retail center; 5 spaces available.

    Lot size:
    103,010 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    Erindale Square Shopping Center presents a compelling investment opportunity in the thriving North Central Colorado Springs submarket of El Paso County. This multi-tenant retail property boasts a total of 103,010 square feet, currently featuring three separate buildings on pad sites, in-line spaces, and additional flex space on a lower level. Five spaces are currently available, ranging in size from 1,400 to 9,453 square feet, providing flexibility for a variety of retail uses. The center is classified as Class D and is zoned B-4, offering potential for diverse business ventures. The attractive stucco design is complemented by prominent tenant signage, ensuring high visibility for occupants. Erindale Square enjoys a strategic location with convenient access from Vickers Drive and North Academy Boulevard/Lehman Drive, benefiting from high traffic counts. The property's location near the intersection of North Academy Boulevard and Lehman Drive ensures excellent visibility and accessibility for customers. A total of 23,104 square feet is currently vacant, presenting a significant opportunity for expansion or new tenant acquisition. This established neighborhood shopping center offers a strong foundation for growth and profitability in a desirable Colorado Springs location.

    Property Features for 5821 Academy Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    103,010 SF
    Class
    D
    Total Rate
    90133.75

    Unit(s) available at that property

    Space
    975-214
    Size
    9,453 SF
    Rate per SF
    $10
    Space
    975-109/110
    Size
    2,804 SF
    Rate per SF
    $12
    Space
    5917
    Size
    3,201 SF
    Rate per SF
    $16
    Space
    5975-103
    Size
    1,400 SF
    Rate per SF
    $12
    Space
    5975-105
    Size
    1,412 SF
    Rate per SF
    $12

    HighLights

    • Retail property totaling 103,010 square feet.
    • Multiple tenancy with 23,104 square feet currently vacant.
    • Five available spaces ranging from 1,400 to 9,453 square feet.
    • Located in Colorado Springs, El Paso County, at the intersection of North Academy Blvd and Lehman Dr.
    • Zoned B‑4.
    • Class D building.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -104.7870195
    Latitude
    38.9158323

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    FAQs

    What type of property is this?
    Retail property - Colorado Springs retail center; 5 spaces available.
    Where is this retail property located?
    The property is located at 5821 Academy Blvd Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $10-$16 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 103,010 square feet.; Multiple tenancy with 23,104 square feet currently vacant.; Five available spaces ranging from 1,400 to 9,453 square feet.
    Request Owner's contact information
    5821 Academy Blvd Colorado Springs, CO 80918
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    Colorado Springs, CO 80918
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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
    5821 Academy Blvd Colorado Springs, CO 80918
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