Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4605 Austin Bluffs Pkwy Colorado Springs, CO 80918

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Money Transfer Service
    • Cardtronics ATM / Atm
    • Phillips 66 / Gas Station
    • 7-Eleven / Convenience Store
    • Amazon Locker - Canlaon / Mailing Service / E-Commerce Service

    Property Details for 4605 Austin Bluffs Pkwy

    Property type
    Retail properties

    Description

    This exceptional 3,259 square foot retail property, formerly a gas station and convenience store, presents a unique investment or leasing opportunity. Located on a sizable 1.05-acre lot at 4605 Austin Bluffs Parkway in El Paso County, this single-tenant space boasts excellent visibility and accessibility from a major thoroughfare. The property benefits from significant daily traffic counts, with 26,454 vehicles passing on Austin Bluffs Parkway and 18,246 on Barnes Road, ensuring high potential for customer interaction and business success. The building's second-generation status offers a blank canvas for a new tenant to customize the space to their specific needs. This prime location provides an ideal opportunity for a variety of retail uses, particularly those benefiting from high visibility and convenient access. The substantial lot size also offers potential for future expansion or development. Whether you're seeking a profitable investment or a strategic location for your business, this property offers a compelling combination of size, location, and traffic volume. Serious inquiries are encouraged to explore this exceptional opportunity further. The property is available for both lease and sale.

    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
    -104.746
    Latitude
    38.8978

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      3729 Austin Bluffs Pkwy

      Retail properties • 6,000 SF
      3729 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      2,448 SF

      3775 Austin Bluffs Pkwy

      Restaurants • 2,448 SF
      3775 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request

      3302 Austin Bluffs Pkwy

      Retail properties
      3302 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      18,088 SF

      4144-4174 Austin Bluffs Pkwy

      Retail properties • 18,088 SF
      4144-4174 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      12,000 SF

      2340-2460 Montebello Square Dr

      Retail properties • 12,000 SF
      2340-2460 Montebello Square Dr, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      3,259 SF

      4605 Austin Bluffs Pkwy

      Individual retail properties • 3,259 SF
      4605 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,448 SF

      Prime QSR Location - Colorado Springs

      Vacant KFC, Drive-Thru, High Traffic
      3775 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $2,252,000
      6,000 SF

      Colorado Springs Retail Investment

      High-yield retail property, strong tenants.
      3729 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $2,390,000
      5,000 SF

      Colorado Springs Restaurant Complex

      Turnkey Restaurant & Co-op Kitchen
      4621 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $2,499,000
      7,353 SF

      Retail Property on Academy Boulevard

      Retail property available for sale on N Academy Blvd.
      4925 N Academy Blvd, Colorado Springs, CO 80918
      View Details
    • $1,494,130
      5,593 SF

      Retail Property For Sale

      5,593 SF STNL retail property available for sale.
      4302 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $2,200,000
      2,800 SF

      Restaurant/Retail Property on Academy Boulevard

      Single-tenant retail/restaurant with drive-thru potential on 0.78 acres.
      2455 Montebello Square Dr, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      2,400 SF

      Prime Retail Space, Colorado Springs

      High-visibility retail building, 2400 sq ft.
      3302 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $12 SF/Yr
      18,088 SF

      Austin Bluffs Plaza Retail Center

      Colorado Springs retail space, multiple units available
      4144-4174 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      83,377 SF

      Colorado Springs Medical Office Space

      83,377 SF Medical Office Building, Ample Parking
      2660 Vickers Dr, Colorado Springs, CO 80918
      View Details
    • $10 SF/Yr
      103,010 SF

      Erindale Square: Retail Investment Opportunity

      Colorado Springs retail center; 5 spaces available.
      5821 Academy Blvd, Colorado Springs, CO 80918
      View Details
    • $17 SF/Yr
      6,743 SF

      Colorado Springs Retail Center

      Prime Retail Space Available, 6,743 SF
      4310 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      70,907 SF

      Cottonwood Square Office Suites

      Colorado Springs Executive Office Space
      2807-2871 Dublin Blvd, Colorado Springs, CO 80918
      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.
    4605 Austin Bluffs Pkwy
    Colorado Springs, CO 80918
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.