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    Property profile & analytics

    5617 Barnes Rd Colorado Springs, CO 80917

    • Grocery and convenience stores
    • 29,898 SF
    • 0.69 lot acres
    For Lease
    View listing
    Value Estimation
    $800,000
    Location Intelligence
    Property ID
    US13-2351334
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Sprouts Farmers Market / Fruit And Vegetable Store / Health Food Store

    Property Details for 5617 Barnes Rd

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    29,898 SF
    Zone code
    PBC/CR AO
    Property type
    Grocery and convenience stores
    APN
    6325113009
    APU
    6325113009

    Description

    Powers Pointe, a Class A retail strip center located at 5617 Barnes Rd, Colorado Springs, CO 80917, presents a unique opportunity. This 106,684 square foot property boasts a prime location at the intersection of Barnes Rd and Barnes and Powers Blvd, within the Colorado Springs submarket. Currently, there is 3,600 square feet of vacant space available, ideal for a variety of retail uses. This space is an endcap unit and includes desirable patio seating, perfect for businesses that benefit from outdoor space. The center enjoys significant daytime traffic, providing excellent visibility and accessibility for potential tenants. The strong co-tenancy within this established shopping center ensures a vibrant and successful retail environment. This is the last remaining vacancy in this high-demand location, making it a truly exceptional opportunity for businesses seeking a prominent presence in a thriving Colorado Springs market. The property's Class A designation reflects its high-quality construction and modern amenities. Don't miss this chance to secure a space in a premier retail destination.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $775,000

    • CAP approach

      CAP return
      Estimation
      6%
      $855,000
      6.5%
      $990,000
      7%
      $965,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $870,000
      Geo Method
      $980,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,085,000
      Retail
      $1,030,000
      Mixed-Use
      $810,000
      Hospitality
      $965,000
      Educational
      $935,000
      Residential Income
      $830,000
      Energy
      $1,070,000
      Income-Based Land
      $850,000
      Food Service
      $975,000

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.723
    Latitude
    38.893
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $89,331
    $130,550
    $656,040
    $786,590
    -
    $467,931
    $2,351,407
    $2,819,338

    Comparable in this City

    • Value Estimation
      $2,040,000
      1,248 SF

      5790 Carefree Cir

      CONVENIENCE STORE • 1,248 SF
      5790 Carefree Cir, Colorado Springs, CO 80917-2765
      View Details
    • Value Estimation
      $400,000
      1,296 SF

      4803-4805 Barnes Rd

      CONVENIENCE STORE • 1,296 SF
      4803-4805 Barnes Rd, Colorado Springs, CO 80917
      View Details
    • Value Estimation
      $425,000
      3,010 SF

      3502 Academy Blvd

      CONVENIENCE STORE • 3,010 SF
      3502 Academy Blvd, Colorado Springs, CO 80917-5088
      View Details
    • Value Estimation
      $730,000
      2,980 SF

      4085 Beverly St

      CONVENIENCE STORE • 2,980 SF
      4085 Beverly St, Colorado Springs, CO 80917-4901
      View Details
    • Value Estimation
      $9,095,000
      4,973 SF

      5771 Carefree Cir

      CONVENIENCE STORE • 4,973 SF
      5771 Carefree Cir, Colorado Springs, CO 80917-2755
      View Details
    • Value Estimation
      $14,720,000
      50,279 SF

      3515 Carefree Cir, Unit 3584

      GROCERY, SUPERMARKET • 50,279 SF
      3515 Carefree Cir, Colorado Springs, CO 80917-2802
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $12 SF/Yr
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      Prime Retail/Office/Medical Space Available

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      Colorado Springs Retail/Office Space

      Office and retail spaces with high visibility and accessibility.
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      Retail Space in Colorado Springs

      Prime retail space with high visibility and modern design.
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      Retail Space in Carefree Village

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      View Details
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    5617 Barnes Rd
    Colorado Springs, CO 80917
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    Realmo Value Estimation

    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.

    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.

    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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