Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1707 8Th St Colorado Springs, CO 80905

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1707 8Th St Colorado Springs, CO 80905

    View on Map
    • Retail properties & Spaces
    • 14,892 SF
    • 1.17 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1707 8Th St

    Year built
    1959
    Lot size
    1.17 lot acres
    Property size
    14,892 SF
    Property type
    Retail properties & Spaces

    Description

    Cheyenne Center, located at 1707 S 8th St, Colorado Springs, CO 80905, presents a prime retail opportunity. This multi-tenant center, situated on 1.17 acres of land (APN 7425109022), boasts a total of 14,892 square feet within a single building constructed in 1959. Currently, 3,154 square feet of retail space is available for lease. The property is zoned C5 and enjoys excellent visibility and accessibility due to its location on S 8th Street and W Ramona Ave. Existing tenants include Panino's restaurant, Evan Guy Designs, Colorado Springs Music School, and various hair and nail salons, creating a vibrant and established commercial environment. This presents a unique chance to join a thriving retail hub in the Southwest submarket cluster of Colorado Springs, El Paso County. The property offers great signage opportunities and is easily accessible for customers. This space is ideal for a variety of retail uses and provides a strong foundation for business growth within a well-established center. The property's location provides convenient access to major thoroughfares and a diverse customer base. Inquire today to learn more about this exceptional retail space.

    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
    -104.841
    Latitude
    38.8081

    Comparable in this City

    • Value Estimation by Request
      0.78 Acres

      102-106 Colorado Ave

      Flex space • 10,778 SF
      102-106 Colorado Ave, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      8,480 SF

      1403-1409 8 St Colorado Spg Co

      Lifestyle centers • 8,480 SF
      1403-1409 8 St Colorado Spg Co, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      77,212 SF

      1791 8Th St

      Retail properties & Spaces • 77,212 SF
      1791 8Th St, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      2,201 SF

      930 Colorado Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,201 SF
      930 Colorado Ave, Colorado Springs, CO 80905-1540
      View Details
    • Value Estimation by Request
      364 SF

      736 Colorado Ave

      AUTO REPAIR, GARAGE • 364 SF
      736 Colorado Ave, Colorado Springs, CO 80905-1538
      View Details
    • Value Estimation by Request
      1,101 SF

      1602 Tejon St

      BARBER, HAIR SALON • 1,101 SF
      1602 Tejon St, Colorado Springs, CO 80905-2216
      View Details

    Similar Nearby for Sale

    • $949,500
      1,786 SF

      Retail Building on Corner Lot

      2,400 SF retail building with great visibility and parking.
      1406 S Nevada Ave, Colorado Springs, CO 80905
      View Details
    • $374,900

      Private Lot Backing Bear Creek

      Unique lot with city and mountain views near Bear Creek.
      1035 Beta Loop, Colorado Springs, CO 80905
      View Details
    • $2,300,000
      6,055 SF

      Updated Multifamily Property Near Downtown

      Turnkey 14-unit property near downtown and I-25.
      1512-1518 S Corona Ave, Colorado Springs, CO 80905
      View Details
    • $125,000

      Residential Lot in Colorado Springs

      West-facing infill lot suitable for duplex or house with ADU.
      2015 Mount Washington Ave, Colorado Springs, CO 80905
      View Details
    • $695,000

      Colorado Springs Office/Medical Property

      Versatile office/medical property in Colorado Springs with dual-tenant configuration.
      1539 S 8Th St, Colorado Springs, CO 80905
      View Details
    • New
      $485,000
      1,052 SF

      Cozy Home with Modern ADU

      Charming home with a fully furnished, modern ADU.
      711 N Spruce St, Colorado Springs, CO 80905
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Growing Market

      Retail building in a lively center, flexible space available.
      808 Arcturus Dr, Colorado Springs, CO 80905
      View Details
    • Contact for pricing
      6,000 SF

      Retail Space in Skyway Center

      Retail spaces available in a lively, growing Colorado Springs market.
      806-888 Arcturus Dr, Colorado Springs, CO 80905
      View Details
    • $15 SF/Yr

      Functional Showroom Space Available

      Clean, adaptable showroom space on heavily traveled 8th Street.
      502 S 8Th St, Colorado Springs, CO 80905
      View Details
    • $10 SF/Yr
      3,154 SF

      Retail Center on South 8th

      Multi-tenant retail center with great visibility and access.
      1707-1745 S 8Th St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing

      Retail Center on South 8th

      Multi-tenant retail center with great visibility and access.
      1707 S 8Th St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing

      Retail Space in Cheyenne Hills

      Highly visible retail space available in southern Colorado Springs.
      445 E Cheyenne Rd, Colorado Springs, CO 80905
      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.
    1707 8Th St
    Colorado Springs, CO 80905
    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

    Thank You for Inquiry
    1707 8Th St, Colorado Springs, CO, 80905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!