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    Powers Blvd & Airport Rd Colorado Springs, CO 80916
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    Powers Blvd & Airport Rd Colorado Springs, CO 80916

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    • Retail properties & Spaces
    • 576,975 SF
    • 59.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Powers Blvd & Airport Rd

    Lot size
    59.98 lot acres
    Property size
    576,975 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Life science properties

    Description

    Westgate at Powers, located at Powers Blvd & Airport Rd in Colorado Springs, CO 80916, presents a unique investment opportunity. This Class B property boasts a total of 576,975 square feet across a single, one-story building situated on a substantial 59.98-acre lot. The property's diverse zoning (MX-M) allows for a variety of uses, including retail, office, industrial, and land development. Currently, there are 18 spaces available, ranging in size from 1 square foot to 7,000 square feet, providing flexibility for various business needs. The property is categorized as Retail, Office, Industrial, and Land, with sub-types including Executive Office, Flex, R&D, Commercial, Outparcel/Pad, and Mixed Use. This multi-tenant building is situated in the CO - Colorado Springs Southeast submarket within El Paso County. The significant vacant space presents an excellent opportunity for expansion or new tenancy within a well-established complex. The expansive land area offers potential for future development. This property is ideal for businesses seeking a versatile and strategically located space in a thriving Colorado Springs market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.725
    Latitude
    38.8247

    Comparable in this City

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      13.00 Acres

      Powers Blvd & Airport Rd

      Land • 576,975 SF
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      49.37 Acres

      Powers Blvd

      Land • 49.37 Acres
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    • Value Estimation by Request
      140.61 Acres

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      Land • 1 SF
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    • Value Estimation
      $1,285,000
      37,982 SF

      1915 Aerotech Dr

      R&D FACILITY, LABS, PHARMA • 37,982 SF
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      4,200 SF

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      Colorado Springs Flex/Industrial Property

      Flex/Industrial property available for sale in Colorado Springs, CO.
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      Industrial Building Near Airport

      Industrial building with offices, warehouse, and fenced storage.
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      Colorado Springs Flex/Industrial Building

      20,922 SF flex/industrial building on 1.63 AC lot.
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      576,975 SF

      Land Available For Sale

      Land available for sale at Powers Blvd & Airport Rd.
      S Powers Blvd & Airport Rd, Colorado Springs, CO 80916
      View Details

    Similar Nearby for Lease

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      Chelton Crossing Retail Opportunity

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      Adaptable Flex Space Available

      Professional flex space near South Powers corridor, Colorado Springs.
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      Office/Warehouse Spaces Available For Rent

      Office and warehouse spaces ranging from 3,397 to 7,173 SqFt.
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      Colorado Springs Flex/Industrial Space

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      Adaptable Flex Space with Warehouse

      4,164 SF flex space with warehouse and fenced yard.
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    • $14 SF/Yr
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      Retail Space in Redevelopment Project

      Retail space available in a mixed-use redevelopment project.
      2030-2076 Jet Wing Dr, Colorado Springs, CO 80916
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    Colorado Springs, CO 80916
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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
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    Powers Blvd & Airport Rd, Colorado Springs, CO, 80916
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