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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

5821 Academy Blvd Colorado Springs, CO 80918

103,010 SF
Property ID
Property summary
AI-generated overview

Erindale Square Shopping Center presents a compelling investment opportunity in the thriving North Central Colorado Springs submarket of El Paso County. This multi-tenant retail property boasts a total of 103,010 square feet, currently featuring three separate buildings on pad sites, in-line spaces, and additional flex space on a lower level. Five spaces are currently available, ranging in size from 1,400 to 9,453 square feet, providing flexibility for a variety of retail uses. The center is classified as Class D and is zoned B-4, offering potential for diverse business ventures. The attractive stucco design is complemented by prominent tenant signage, ensuring high visibility for occupants. Erindale Square enjoys a strategic location with convenient access from Vickers Drive and North Academy Boulevard/Lehman Drive, benefiting from high traffic counts. The property's location near the intersection of North Academy Boulevard and Lehman Drive ensures excellent visibility and accessibility for customers. A total of 23,104 square feet is currently vacant, presenting a significant opportunity for expansion or new tenant acquisition. This established neighborhood shopping center offers a strong foundation for growth and profitability in a desirable Colorado Springs location.

Property profile
Verified
Property type Retail properties & Spaces
Total area 103,010 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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