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

    Nwc Of Palmer Park Blvd & Powers Blvd Colorado Springs, CO 80915

    • Land
    • 2.28 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Nwc Of Palmer Park Blvd & Powers Blvd

    Lot size
    2.28 lot acres
    Property type
    Land

    Description

    This exceptional commercial land offering presents a unique investment opportunity in Colorado Springs, Colorado. Located at the Northwest corner of Palmer Park Boulevard and Powers Boulevard, this property boasts a highly desirable MX-M zoning designation, permitting both retail and office development. Two parcels are available, one measuring approximately 99,483 square feet (2.28 acres) and the other significantly larger at 203,807 square feet (4.68 acres). The land is priced competitively at $10 to $16 per square foot, offering a compelling value proposition for developers. The site benefits from exceptional visibility and accessibility, situated at a major intersection with high traffic counts. Powers Boulevard boasts an impressive daily traffic count of 66,924 vehicles, while Palmer Park Boulevard sees 20,000 vehicles daily, ensuring significant exposure for any development. Pad sites are available starting at 40,000 square feet, providing ample space for a variety of commercial projects. This prime location in El Paso County, with a zip code of 80915, offers unparalleled potential for substantial returns. The property's strategic positioning and flexible zoning make it ideal for a wide range of commercial ventures, from retail shops and restaurants to office buildings and other commercial uses. Don't miss this chance to acquire a highly sought-after commercial land parcel 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
    -104.747
    Latitude
    38.8544

    Comparable in this City

    • Value Estimation by Request
      0.85 Acres

      El Jefe

      Land • 3,500 SF
      0 El Jefe, Colorado Springs, CO 80915
      View Details
    • Value Estimation by Request
      2.28 Acres

      Nwc Palmer Park Blvd & Powers Blvd

      Land • 2.28 Acres
      0 Nwc Palmer Park Blvd & Powers Blvd, Colorado Springs, CO 80915
      View Details
    • Value Estimation by Request
      0.40 Acres

      Space Vlg Ave & Peterson Blvd

      Land • 0.40 Acres
      0 Space Vlg Ave & Peterson Blvd, Colorado Springs, CO 80915
      View Details
    • Value Estimation by Request
      1.03 Acres

      Platte Ave And Babcock Rd

      Land • 1.03 Acres
      0 Platte Ave And Babcock Rd, Colorado Springs, CO 80915
      View Details
    • Value Estimation by Request
      0.74 Acres

      1020 Space Center Dr

      Medical space • 0.74 Acres
      1020 Space Center Dr, Colorado Springs, CO 80915
      View Details
    • Value Estimation by Request
      5.23 Acres

      1139 Space Center Dr

      Land • 5.23 Acres
      1139 Space Center Dr, Colorado Springs, CO 80915
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.85 Acres

      Colorado Springs Retail Land Opportunity

      Prime Retail Land, Multi-Tenant Potential
      0 El Jefe Hts, Colorado Springs, CO 80915
      View Details
    • $995,000
      2.97 Acres

      Platte Avenue Commercial Land

      2.97 Acres, CS Zoning, Prime Location
      6365 Platte Ave, Colorado Springs, CO 80915
      View Details
    • $495,000
      0.97 Acres

      Prime Colorado Springs Commercial Land

      0.97-acre lot, $495,000, CC CAD-O zoning
      1250 Ainsworth St, Colorado Springs, CO 80915
      View Details
    • $975,000

      Colorado Springs Commercial Land

      Prime 2.46-acre commercial lot. Opportunity Zone.
      5840 Galley Rd, Colorado Springs, CO 80915
      View Details
    • Contact for pricing
      1.03 Acres

      Colorado Springs Commercial Land

      High-traffic location, prime development opportunity.
      0 Platte Ave And Babcock Rd, Colorado Springs, CO 80915
      View Details
    • Contact for pricing
      2.28 Acres

      Palmer Park Commercial Land Opportunity

      Prime Colorado Springs land, retail & office zoning.
      0 Nwc Palmer Park Blvd & Powers Blvd, Colorado Springs, CO 80915
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      43,560 SF

      Prime Industrial Land, Paonia

      1 Acre Industrial Lot, Excellent Access
      625 Paonia St, Colorado Springs, CO 80915
      View Details
    • $1.00 SF/Yr

      Vacant Land For Lease

      Highly accessible vacant land available for lease in Colorado Springs.
      625 Paonia St, Colorado Springs, CO 80915
      View Details
    • $3,000 /Mo

      Secured Fenced Yard Space Available

      Up to two acres of fenced yard space for rent.
      6435 E Platte Ave, Colorado Springs, CO 80915
      View Details
    • Contact for pricing

      Land for Ground Lease

      Highly visible land for lease in dense trade area.
      5885 Palmer Park Blvd, Colorado Springs, CO 80915
      View Details
    • $12 SF/Yr
      3,240 SF

      Retail Space Available For Rent

      Retail space available, current layout is MMA studio.
      589-623 N Murray Blvd, Colorado Springs, CO 80915
      View Details
    • $9 SF/Yr
      3,306 SF

      Light Industrial Space For Rent

      Well-maintained light industrial space with overhead doors and new finishes.
      1539-1553 Paonia St, Colorado Springs, CO 80915
      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.
    Nwc Of Palmer Park Blvd & Powers Blvd
    Colorado Springs, CO 80915
    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.