0 Space Vlg Ave & Peterson Blvd Colorado Springs, CO 80915
This exceptional commercial land parcel, situated at the intersection of Space Village Ave and Peterson Blvd in Cimarron Hills, Colorado (zip code 80915), presents a unique investment opportunity. The property boasts a generous lot size ranging from 0.4 to 1.77 acres, offering ample space for development. Its strategic location provides unparalleled visibility from the heavily trafficked Highway 24, ensuring high exposure for any business. The site's proximity to Peterson Space Force Base, a major employer with approximately 19,000 personnel, makes it exceptionally well-suited for businesses catering to the base's workforce and the surrounding community. Ideal uses could include daycare centers, hotels, coffee shops, and other service-oriented businesses. The area enjoys a thriving commercial environment, with neighboring establishments including Dairy Queen, State Farm, Peoples Mortgage, and the Colorado Military Academy. Located in unincorporated El Paso County, the property benefits from county support for various zoning possibilities, offering flexibility for potential development plans. This prime location, combined with its size and accessibility, presents a compelling opportunity for investors seeking high-visibility commercial land in a rapidly growing 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
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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.