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Property profile & analytics
OFF-MARKET Estimated value $770,000
Retail space

1103 Cir Dr Colorado Springs, CO 80909-3134

6,417 SF 1.66 ac lot Built 1995
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US13-0365947
Property summary
AI-generated overview

Pioneer Plaza, located at 1103 N Circle Dr, Colorado Springs, CO 80909, offers an exceptional retail investment opportunity. This single-story, Class B retail center comprises eleven suites in total, with three currently available for lease. The available spaces boast a combined area of 1,203 square feet and have recently undergone a "white box" renovation, providing incoming tenants with a blank canvas for customized design and build-out. The property benefits from a strong anchor tenant, a Safeway supermarket, consistently ranked among the busiest three in the Colorado Springs and Pueblo area. This high-traffic location ensures excellent visibility and foot traffic for all tenants. The center enjoys a diverse tenant mix, including established businesses such as Ace Hardware, Jackson Hewitt, and Papa Murphy's, creating a vibrant and synergistic shopping environment. The motivated ownership group is actively seeking new tenants to complete the center's occupancy and further enhance its success. This is an ideal opportunity for businesses seeking high-visibility retail space in a thriving Colorado Springs neighborhood. The property's prime location and existing tenant base offer a compelling investment proposition with significant potential for growth and return. The available spaces are ready for immediate occupancy, allowing for a swift and efficient start to operations.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1995
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,417 SF
Lot 1.66 ac (72,310 SF)
Zoning code C5
APN 6410213024
UPID US13-0365947
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
  • Escape the Place Arcade & Gaming Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$977k
Blend (final) Blend
$770k
Owner & transaction history
Mcdonald S Real Estate Company · 2 yrs held
Mcdonald S Real Estate Company
since 2024
5 recorded transactions
2024
$2.0M
2021
$7.7M
2016
Price N/A
2005
$6.0M
1999
$3.6M
Zoning & alternative use
C5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $970,000 +10.0%
Office building $885,000 +0.0%
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