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    6165 Tutt Blvd Colorado Springs, CO 80922
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    6165 Tutt Blvd Colorado Springs, CO 80922

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    • Lifestyle centers
    • 1,200 SF
    • 2.73 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 6165 Tutt Blvd

    Year built
    2014
    Lot size
    2.73 lot acres
    Property size
    1,200 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 1-story, 2.73-acre shopping center, known as the Shoppes at the Ball Park, presents a unique investment opportunity in Colorado Springs, Colorado. Built in 2014, the property boasts a prime location at 6165 Barnes Rd & 4305 Tutt Blvd, zip code 80922, within El Paso County. The center features a single building with a total leasable area ranging from 1,200 to 7,200 square feet, currently enjoying 100% occupancy. Its MX-M zoning ensures flexibility for a variety of retail uses. The Shoppes at the Ball Park benefits from exceptional visibility and easy access, making it highly attractive to both tenants and customers. Its strategic location adjacent to the Rocky Mountain Vibes Stadium and in close proximity to Costco and other national retailers guarantees high foot traffic and strong brand recognition. Furthermore, its proximity to new and existing housing developments ensures a consistent and growing customer base. This fully occupied, well-maintained property offers a stable income stream and significant potential for future appreciation, making it an ideal addition to any investment portfolio. The property's success is further underscored by its consistent occupancy rate.

    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
    -104.713
    Latitude
    38.8941

    Comparable in this City

    • Value Estimation
      $17,305,000
      165,247 SF

      5832 Barnes Rd

      MINI-MALL • 165,247 SF
      5832 Barnes Rd, Colorado Springs, CO 80922-3594
      View Details
    • Value Estimation
      $1,805,000
      8,040 SF

      5420 Tutt Blvd

      SHOPPING CENTER, STRIP CENTER • 8,040 SF
      5420 Tutt Blvd, Colorado Springs, CO 80922-2574
      View Details
    • Value Estimation
      $1,225,000
      9,769 SF

      7702 Barnes Rd

      SHOPPING CENTER, STRIP CENTER • 9,769 SF
      7702 Barnes Rd, Colorado Springs, CO 80922-3514
      View Details
    • Value Estimation
      $1,080,000
      8,022 SF

      3730 Bloomington St

      SHOPPING CENTER, STRIP CENTER • 8,022 SF
      3730 Bloomington St, Colorado Springs, CO 80922-3200
      View Details
    • Value Estimation
      $2,860,000
      23,009 SF

      3214 Cinema Pt, Unit 3292

      SHOPPING CENTER, STRIP CENTER • 23,009 SF
      3214 Cinema Pt, Colorado Springs, CO 80922-2811
      View Details
    • Value Estimation
      $3,145,000
      20,594 SF

      2828 Powers Blvd

      SHOPPING CENTER, STRIP CENTER • 20,594 SF
      2828 Powers Blvd, Colorado Springs, CO 80922-2800
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,200 SF

      Retail Property Near Stadium

      Retail property with easy access and excellent visibility.
      4305 Tutt Blvd, Colorado Springs, CO 80922
      View Details
    • Contact for pricing
      7,200 SF

      Commercial Land For Sale

      Commercial land available for sale.
      6165 Tutt Blvd, Colorado Springs, CO 80922
      View Details
    • $450,000
      0.89 Acres

      Colorado Springs Industrial Land

      High-visibility industrial lot, 0.89 acres.
      6160 Barnes Rd, Colorado Springs, CO 80922
      View Details
    • $190,000
      835 SF

      Bismark Road Office Condo Available

      835 SF office condo near Constitution & Peterson.
      6789-6799 Bismark Rd, Colorado Springs, CO 80922
      View Details
    • Contact for pricing

      Land Along Powers Blvd Corridor

      Commercial land with high visibility and all public utilities.
      5830 Tutt Center Pt, Colorado Springs, CO 80922
      View Details
    • Contact for pricing

      Land Along Powers Blvd Corridor

      Commercial land with high visibility and available utilities.
      5975 Tutt Center Pt, Colorado Springs, CO 80922
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,696 SF

      First & Main Town Center

      Retail space in a vibrant Colorado Springs town center.
      3215-3387 Cinema Pt, Colorado Springs, CO 80922
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail property available for lease in Colorado Springs.
      3265 Cinema Pt, Colorado Springs, CO 80922
      View Details
    • Contact for pricing

      Mixed-Use Development at Victory Ridge

      153-acre mixed-use development with stores, restaurants, offices, and residences.
      Sec Interquest & Voyager Pkwy, Colorado Springs, CO 80922
      View Details
    • Contact for pricing

      Retail Space For Lease

      Inline retail space available in Colorado Springs shopping center.
      2828 N Powers Blvd, Colorado Springs, CO 80922
      View Details
    • $26 SF/Yr
      2,315 SF

      Retail Space For Lease

      Inline retail space available in Colorado Springs shopping center.
      2832-2888 N Powers Blvd, Colorado Springs, CO 80922
      View Details
    • $27 SF/Yr
      1,600 SF

      Retail Space For Lease

      Inline retail space available in Colorado Springs shopping center.
      2906-2920 N Powers Blvd, Colorado Springs, CO 80922
      View Details
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    Colorado Springs, CO 80922
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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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