0 Rustic Hl Shopping Ctr Colorado Springs, CO 80909
Rustic Hills Shopping Center, a 252,406 square foot retail center in Colorado Springs, CO, presents a unique investment opportunity. Located on a major shopping corridor on Academy Boulevard, between Palmer Park Boulevard and San Miguel Street, this property boasts a prime location within a rapidly growing community. The center sits on a substantial 105.43-acre lot and offers ample parking with 1,230 surface spaces. Built in 1969, the property is zoned PBC (El Paso County APN: 641412-11-007) and currently has 185,494 square feet of vacant space available for lease. Spaces range from a minimum of 450 square feet to a maximum contiguous space of 56,845 square feet, providing flexibility for a variety of tenants. Several opportunities exist for large-format retailers, including a former gym space featuring a pool and basketball court. This property offers significant potential for redevelopment and expansion within a thriving market. The property's size and location make it ideal for a variety of retail uses. The substantial vacant space presents a unique opportunity for a significant tenant to establish a strong presence in this desirable area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.