Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    102-106 Colorado Ave Colorado Springs, CO 80905

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102-106 Colorado Ave Colorado Springs, CO 80905

    View on Map
    • Retail properties & Spaces
    • 10,778 SF
    • 0.78 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 102-106 Colorado Ave

    Year built
    1900
    Lot size
    0.78 lot acres
    Property size
    10,778 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional Colorado Springs property, located at 102-106 S Chestnut St & 609 W Colorado Ave, offers a unique blend of retail and industrial space. The 10,778 square foot building sits on a 0.78-acre lot and features multiple units available for lease, with a minimum divisible space of 650 square feet. Built in 1900, this single-story building boasts charming historic elements, including a unit with original railroad car features and sliding doors. The property benefits from excellent visibility on W Colorado Ave and is ideally situated near popular developments such as Weidner Field, The Olympic Museum, and America the Beautiful Park, as well as numerous restaurants and bars. Its C-5 zoning allows for a variety of uses, including general retail, automotive services, makerspaces, art studios, and hair salons. The property's location in a burgeoning arts district offers significant potential for growth and visibility. This rare opportunity includes the potential to lease approximately half an acre of land, providing ample space for expansion or outdoor activities. The property's history as a grain farm adds to its unique character and appeal. This is an ideal location for businesses seeking a blend of historic charm and modern convenience in a vibrant, growing area of Colorado Springs. The property is located in El Paso County, Colorado, zip code 80905.

    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
    -104.836
    Latitude
    38.8327

    Comparable in this City

    • Value Estimation by Request
      77,212 SF

      1791 8Th St

      Retail properties & Spaces • 77,212 SF
      1791 8Th St, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      0.87 Acres

      1316 Walnut St

      Land • 0.87 Acres
      1316 Walnut St, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      2.61 Acres

      1303 Costilla St

      Land • 2.61 Acres
      1303 Costilla St, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request

      35 Ramona Ave

      Land
      35 Ramona Ave, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      14,892 SF

      1707 8Th St

      Retail properties & Spaces • 14,892 SF
      1707 8Th St, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      8,480 SF

      1403-1409 8 St Colorado Spg Co

      Lifestyle centers • 8,480 SF
      1403-1409 8 St Colorado Spg Co, Colorado Springs, CO 80905
      View Details

    Similar Nearby for Sale

    • $949,500
      1,786 SF

      Retail Building on Corner Lot

      2,400 SF retail building with great visibility and parking.
      1406 S Nevada Ave, Colorado Springs, CO 80905
      View Details
    • $374,900

      Private Lot Backing Bear Creek

      Unique lot with city and mountain views near Bear Creek.
      1035 Beta Loop, Colorado Springs, CO 80905
      View Details
    • $125,000

      Residential Lot in Colorado Springs

      West-facing infill lot suitable for duplex or house with ADU.
      2015 Mount Washington Ave, Colorado Springs, CO 80905
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale in Colorado Springs.
      1800 S Nevada Ave, Colorado Springs, CO 80905
      View Details
    • $1,200,000
      2,757 SF

      Development Parcel Ready for Bulldozer

      Excellent development parcel, ideal for end-user or GL developer.
      1629 S Nevada Ave, Colorado Springs, CO 80905
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Unique Retail and Industrial Units

      Retail and industrial units for lease with land opportunity.
      102 South Chestnut St, Colorado Springs, CO 80905
      View Details
    • $12 SF/Yr
      3,800 SF

      Unique Retail and Industrial Units

      Retail and industrial units for lease in arts district.
      102-106 S Chestnut St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing

      Colorado Springs Industrial Space Available

      Industrial property available for lease in Colorado Springs, Colorado.
      1440 Pando Ave, Colorado Springs, CO 80905
      View Details
    • Contact for pricing

      Retail Space in Cheyenne Hills

      Highly visible retail space available in southern Colorado Springs.
      445 E Cheyenne Rd, Colorado Springs, CO 80905
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Nevada Avenue

      Retail space with high visibility and strong demographics.
      1841 S Nevada Ave, Colorado Springs, CO 80905
      View Details
    • Contact for pricing

      Retail Space in Growing Market

      Retail building in a lively center, flexible space available.
      808 Arcturus Dr, Colorado Springs, CO 80905
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102-106 Colorado Ave
    Colorado Springs, CO 80905
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102-106 Colorado Ave, Colorado Springs, CO, 80905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!