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    3302 Austin Bluffs Pkwy Colorado Springs, CO 80918
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    3302 Austin Bluffs Pkwy Colorado Springs, CO 80918

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Adam's Apple Lounge / Bar & Pub
    • Men's and Women's Hair Care / Hair Salon

    Property Details for 3302 Austin Bluffs Pkwy

    Property type
    Retail properties & Spaces

    Description

    This exceptional 2,400 square foot retail space is ideally situated at 3302 Austin Bluffs Parkway in Colorado Springs, El Paso County, Colorado (zip code 80918). The single-tenant building enjoys a prominent location on Austin Bluffs Parkway, between North Union and North Academy boulevards, benefiting from high daily traffic counts and exceptional visibility. The property is part of a retail center anchored by Batteries Plus and other established businesses, ensuring a strong commercial environment. The suite, previously occupied by a pawn shop, presents a versatile layout adaptable to a wide range of retail uses. Its prime location and high visibility make it an attractive opportunity for businesses seeking a strong presence in a thriving Colorado Springs commercial district. The property's address is 3302 Austin Bluffs Parkway, Colorado Springs, CO 80918. Further details are available upon request.

    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
    -104.766
    Latitude
    38.891

    Comparable in this City

    • Value Estimation by Request
      20,400 SF

      4535 Austin Bluffs Pkwy

      Lifestyle centers • 20,400 SF
      4535 Austin Bluffs Pkwy, Colorado Springs, CO 80918
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    • Value Estimation by Request
      2,741 SF

      Colorado Spg

      Restaurants • 2,741 SF
      0 Colorado Spg, Colorado Springs, CO 80918
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    • Value Estimation
      $8,265,000
      90,529 SF

      4910 Nevada Ave

      DEPARTMENT STORE • 90,529 SF
      4910 Nevada Ave, Colorado Springs, CO 80918-3911
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    • Value Estimation by Request
      154,988 SF

      5765 Academy Blvd

      Individual retail properties • 154,988 SF
      5765 Academy Blvd, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request

      4880-5342 Nevada Ave

      Individual retail properties
      4880-5342 Nevada Ave, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      5,000 SF

      4621 Austin Bluffs Pkwy

      Restaurants • 5,000 SF
      4621 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Sale

    • $2,499,000
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      Retail Property on Academy Boulevard

      Retail property available for sale on N Academy Blvd.
      4925 N Academy Blvd, Colorado Springs, CO 80918
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      2,800 SF

      Restaurant/Retail Property on Academy Boulevard

      Single-tenant retail/restaurant with drive-thru potential on 0.78 acres.
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      1,296 SF

      Former Restaurant on High-Traffic Parkway

      Former drive-through restaurant on 0.82 acres available for sale.
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      6,000 SF

      Retail Condos Investment Opportunity

      NNN investment property with steady cash-flow and low maintenance.
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      5,000 SF

      Turnkey Commercial Property For Sale

      5000 sq ft commercial property with co-op kitchen.
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      Auto Service Garage with Bays

      Auto-related building with service bays and paved parking.
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    Similar Nearby for Lease

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      2,850 SF

      Drive-Thru Restaurant Opportunity

      Second-generation QSR with drive-thru in high-traffic area.
      3220 Austin Bluffs Pkwy, Colorado Springs, CO 80918
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    • Contact for pricing

      Corner Location Warehouse with Showroom

      9,040 SF warehouse with showroom/office, ample parking, high visibility.
      6121 N Academy Blvd, Colorado Springs, CO 80918
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      Retail Space in Austin Bluffs

      Retail space available in a prominent shopping center.
      4144-4174 Austin Bluffs Pkwy, Colorado Springs, CO 80918
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    • $22 SF/Yr
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      Retail Space in Colorado Springs

      Grocery store anchored neighborhood shopping center with high visibility.
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      2,516 SF

      Retail Space Near UCCS

      Retail spaces available near I-25 and Academy Blvd.
      1383 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
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    Colorado Springs, CO 80918
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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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