Property profile

1202 Academy Blvd Colorado Springs, CO 80909

OFF-MARKET
Office buildings
Property ID
US13-0807974
361 SF 0.35 ac lot Built 1970
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 361-square-foot vacant auto shop, built in 1970, sits on a prime corner lot at the intersection of N. Academy Boulevard and Uintah Street in Colorado Springs, Colorado (zip code 80909). Boasting excellent visibility with approximately 45,000 vehicles passing daily, this property presents a unique investment opportunity for owner-users or redevelopment. Located within both an Opportunity Zone and the Pikes Peak Enterprise Zone, it offers significant development potential and potential tax incentives. The flexible MX-M zoning allows for a variety of commercial uses. The asking price of $600,000 reflects a discount to a Q2 2024 appraisal. Seller financing is available for qualified buyers. This single-story building (APN: 6410116017) offers easy right-in access from N. Academy Blvd and shares an access easement with the adjacent property at 1222 N Academy Blvd, which is also available for purchase ($700,000). This high-growth retail corridor presents a compelling opportunity for businesses seeking high visibility and strong traffic counts. The property is currently vacant and ready for immediate occupancy or redevelopment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Construction STEEL FRAME
Total area 361 SF
Lot 0.35 ac (15,113 SF)
Zoning code R5 C5
APN 6410116017
UPID US13-0807974

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership

Location

1202 Academy Blvd Colorado Springs, CO 80909-4407
Colorado Springs metro Census 2000 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2025
4 recorded transactions
2025
$560,000
2025
Price N/A
2018
Price N/A
2014
Price N/A

Zoning & alternative use

R5 C5 · Colorado Springs, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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