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    Property profile & analytics

    16218 Jackson Creek Pkwy Monument, CO 80132

    • Outlet malls
    • 222,850 SF
    • 20.55 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0668431
    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

    • Outlet malls

    Property Details for 16218 Jackson Creek Pkwy

    Year built
    2006
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    20.55 lot acres
    Property size
    222,850 SF
    Zone code
    PUD
    Property type
    Outlet malls
    APN
    7126005019
    APU
    7126005019

    Description

    Monument Marketplace offers exceptional retail investment opportunities in a thriving Colorado community. This multi-tenant retail center boasts a range of available spaces, from 1,200 square feet (Unit 20) to 1,764 square feet (Unit 10), and larger development sites ranging from 1.3 to 7.92 acres. The property is zoned PCD (Planned Commercial Development), allowing for diverse retail uses. Located at 16218 Jackson Creek Pkwy, Monument, CO 80132, this high-visibility location benefits from excellent demographics and proximity to major retailers including Walmart, Kohl's, PetSmart, Staples, Home Depot, and many more established businesses. The center is professionally maintained and presents a strong opportunity for businesses seeking established visibility and a robust customer base. Available spaces cater to a variety of retail needs, with ample potential for expansion or development on larger parcels. This is Monument's largest retail center, offering a unique chance to establish or expand your business in a thriving market. The property's location provides easy access and high traffic volume, ensuring maximum exposure for your business. Consider this prime retail space for your next venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $28,945,000
      Market price range: $28.9M - $77.5M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Monument
    County
    El Paso
    State
    Colorado
    Longitude
    -104.853
    Latitude
    39.0665
    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
    $410,080
    $1,773,220
    $2,709,420
    $4,482,640
    -
    $6,355,622
    $9,711,187
    $16,066,809

    Comparable in this City

    • Value Estimation
      $9,860,000
      103,554 SF

      15888 Jackson Crk Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 103,554 SF
      15888 Jackson Crk Pkwy, Monument, CO 80132-8520
      View Details
    • Value Estimation
      $3,000,000
      20,957 SF

      16086 Jackson Crk Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 20,957 SF
      16086 Jackson Crk Pkwy, Monument, CO 80132-8656
      View Details
    • Value Estimation
      $1,495,000
      13,700 SF

      655 Hwy 105

      WHOLESALE OUTLET, DISCOUNT STORE • 13,700 SF
      655 Hwy 105, Monument, CO 80132-9161
      View Details
    • Value Estimation
      $3,360,000
      14,408 SF

      265 Hwy 105

      WHOLESALE OUTLET, DISCOUNT STORE • 14,408 SF
      265 Hwy 105, Monument, CO 80132-8808
      View Details
    • Value Estimation
      $2,795,000
      21,973 SF

      16760 Leather Chaps Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 21,973 SF
      16760 Leather Chaps Dr, Monument, CO 80132-3495
      View Details
    • Value Estimation
      $3,750,000
      36,549 SF

      1706 Lk Woodmoor Dr, Unit 1796

      SHOPPING CENTER, STRIP CENTER • 36,549 SF
      1706 Lk Woodmoor Dr, Monument, CO 80132-9215
      View Details

    Similar Nearby for Sale

    • $4,420,078
      9,520 SF

      Retail Center Near Anchor Stores

      Multi-tenant retail building near Home Depot, Kohl's, and Wal-Mart.
      15742-15746 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      450.47 Acres

      Monument's Premier Mixed-Use Development

      Massive Mixed-Use Property in Monument, CO
      16601 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      10.63 Acres

      Monument Marketplace Retail Center

      Prime Monument, CO retail land - lease or buy.
      15854-16086 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      7.30 Acres

      Monument Retail Pad Sites

      Prime I-25 Visibility, 7.3 Acres
      105 & I-25 Hwy, Monument, CO 80132
      View Details
    • Contact for pricing
      1.30 Acres

      Monument Marketplace Pad C

      Retail Land, 56,628 SF, High Growth
      15854-16086 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      1.30 Acres

      Monument Marketplace Retail Opportunity

      Prime Monument, CO retail space available.
      16218 Jackson Creek Pkwy, Monument, CO 80132
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,480 SF

      Retail Space in Monument Marketplace

      Stabilized strip center in premier retail shopping district.
      15932 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      49,035 SF

      Monument Marketplace Retail Center

      Prime Monument retail space available.
      15854-16086 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • $21 SF/Yr
      1,170 SF

      Safeway Anchored Retail Space

      Retail space in Safeway-anchored center with ample parking.
      556-590 Highway 105 W, Monument, CO 80132
      View Details
    • $16 SF/Yr
      29,204 SF

      Monument Plaza Retail Center

      Prime Monument location, 1,050 SF available.
      481 Highway 105, Monument, CO 80132
      View Details
    • Contact for pricing
      14,950 SF

      Retail Space in Monument, CO

      New retail development shadow-anchored by major retailers.
      16601 Jackson Creek Pkwy, Monument, CO 80132
      View Details
    • Contact for pricing
      49,200 SF

      Monument Marketplace Retail Pads

      Seven Suites Available, High Visibility
      0 Monument Marketplace, Monument, CO 80132
      View Details
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    Monument, CO 80132
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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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