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    10937 New Allegiance Dr Colorado Springs, CO 80921

    For Sale
    $215,434

    1.5-acre commercial lot, excellent access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.521-acre commercial land parcel, identified as Lot 5A within the Interquest Town Center, presents a unique investment opportunity in Colorado Springs, CO. Located at 10937 New Allegiance Dr, 80921, this PUD-zoned property boasts unparalleled access via three separate access roads connecting to InterQuest Parkway. The site benefits from high visibility and significant frontage along InterQuest Parkway, with additional access from Federal Drive. Its strategic location within the InterQuest Development, a thriving mixed-use area encompassing office, retail, lodging, entertainment, and residential components, ensures strong potential for various commercial ventures. The property enjoys convenient access to I-25 via exit 153 and offers stunning mountain views. Permitted uses are diverse and include office, medical, retail, food service (restaurants), select automotive businesses, daycare centers, schools, senior living facilities, apartments, and townhomes. The asking price is $215,434.40, with a land value of $35-$38 per square foot. The APN is 6220001036. This property is situated on the southwest corner of InterQuest Parkway and Federal Drive in El Paso County. Don't miss this chance to acquire a highly desirable commercial lot in a rapidly growing area.

    Property Features for 10937 New Allegiance Dr

    General Information

    Property type
    Land
    Lot Size
    66,255 SF

    HighLights

    • $215,434.40 asking price for 1.521 acres of commercial land.
    • Located in Colorado Springs, CO, at 10937 New Allegiance Dr, 80921.
    • Zoned PUD.
    • Land value: $35 - $38 per square foot.
    • APN: 6220001036.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Building Supply Wholesale Shop Auto Repair Shop Spa & Massage Hair Salon Nail Salon Clothing Store Auto Parts Store Pharmacy

    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
    -104.806172
    Latitude
    38.989559

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    FAQs

    What type of property is this?
    Land - 1.5-acre commercial lot, excellent access.
    Where is this land located?
    The property is located at 10937 New Allegiance Dr Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $215,434.
    What are key features of this property?
    This property features: $215,434.40 asking price for 1.521 acres of commercial land.; Located in Colorado Springs, CO, at 10937 New Allegiance Dr, 80921.; Zoned PUD.
    Request Owner's contact information
    10937 New Allegiance Dr 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
    10937 New Allegiance Dr Colorado Springs, CO 80921
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