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    1800 Nevada Ave Colorado Springs, CO 80905

    Sponsored
    For Sale
    Contact for pricing

    Prime Development Site, Excellent Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1800 S Nevada Ave property in Colorado Springs, Colorado, presents a unique opportunity for commercial development. Located in El Paso County, zip code 80905, this land parcel offers significant potential for a variety of commercial uses. The property is being offered for sale via a Request for Proposals (RFP) process on behalf of Wells Fargo Bank. The RFP will require detailed proposals outlining a development timeline, showcasing relevant developer experience in comparable projects, and demonstrating a plan to minimize disruption to the existing Wells Fargo branch during construction. Wells Fargo Bank intends to remain a part of the new development, occupying a modern banking facility designed to better serve the Colorado Springs community. The property's precise size is not specified in the provided information, but its location at 1800 S Nevada Ave offers excellent visibility and accessibility. Interested parties should prepare comprehensive proposals addressing the specific requirements outlined in the RFP to be considered. The geographic coordinates are 38.8080951 latitude and -104.8227077 longitude. This is a prime opportunity to develop a significant commercial project in a thriving Colorado Springs location.

    Property Features for 1800 Nevada Ave

    General Information

    Property type
    Land

    HighLights

    • Exceptional commercial development opportunity in Colorado Springs, CO (80905).
    • Request for Proposals (RFP) process; Wells Fargo Bank will remain a tenant.
    • Proposals must include a detailed development timeline and demonstrate relevant developer experience.
    • Development plan must minimize disruption to the existing Wells Fargo branch.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Bank Wells Fargo Advisors Investment Service One Hundred Twenty ... Atm Wells Fargo ATM Atm

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -104.8227077
    Latitude
    38.8080951

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    FAQs

    What type of property is this?
    Land - Prime Development Site, Excellent Location
    Where is this land located?
    The property is located at 1800 Nevada Ave Colorado Springs, CO.
    What are key features of this property?
    This property features: Exceptional commercial development opportunity in Colorado Springs, CO (80905).; Request for Proposals (RFP) process; Wells Fargo Bank will remain a tenant.; Proposals must include a detailed development timeline and demonstrate relevant developer experience.
    (303) 398-2111
    Request Owner's contact information
    1800 Nevada Ave Colorado Springs, CO 80905
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    Colorado Springs, CO 80905
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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
    1800 Nevada Ave Colorado Springs, CO 80905
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