Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1720 Nevada Ave Colorado Springs, CO 80905-2224

    • Grocery and convenience stores
    • 23,241 SF
    • 0.83 lot acres
    OFF-MARKET
    Value Estimation
    $460,000
    Location Intelligence
    Property ID
    US13-1422288
    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 Bicycle Parking / Bicycle Rack
    • Sprouts Farmers Market / Grocery Store

    Property Details for 1720 Nevada Ave

    Year built
    2022
    Lot size
    0.83 lot acres
    Property size
    23,241 SF
    Zone code
    C5/CR C5 CU
    Property type
    Grocery and convenience stores
    APN
    6430209075
    APU
    6430209075

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.823
    Latitude
    38.8093
    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
    $0.00
    $182,840
    $312,870
    $495,710
    -
    $655,323
    $1,121,404
    $1,776,727

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      1700 8th St

      CONVENIENCE STORE • 2,400 SF
      1700 8th St, Colorado Springs, CO 80905
      View Details
    • Value Estimation by Request
      1,769 SF

      302 Bijou St

      CONVENIENCE STORE • 1,769 SF
      302 Bijou St, Colorado Springs, CO 80905
      View Details
    • Value Estimation
      $2,220,000
      363 SF

      1780 Nevada Ave

      CONVENIENCE STORE • 363 SF
      1780 Nevada Ave, Colorado Springs, CO 80905-2224
      View Details
    • Value Estimation
      $380,000
      1,952 SF

      305 8th St

      CONVENIENCE STORE • 1,952 SF
      305 8th St, Colorado Springs, CO 80905-1803
      View Details
    • Value Estimation
      $2,665,000
      5,496 SF

      135 Motor Way

      CONVENIENCE STORE • 5,496 SF
      135 Motor Way, Colorado Springs, CO 80905-7002
      View Details
    • Value Estimation
      $420,000
      2,100 SF

      310 Uintah St

      CONVENIENCE STORE • 2,100 SF
      310 Uintah St, Colorado Springs, CO 80905-1045
      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
    • $895,000
      1,488 SF

      Automotive Property Near Motor City

      Highly visible automotive property suitable for sales, storage, or redevelopment.
      307-315 E Arvada St, 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
    • $60,000
      Pending

      Downtown Colorado Springs Vacant Land

      Vacant R-2 CU zoned lot in downtown Colorado Springs.
      N 7Th St, Colorado Springs, CO 80905
      View Details
    • $1,150,000
      9,600 SF

      Broadmarket Square Office Building

      Colorado Springs Office Building - Owner/User Opportunity
      1765 8Th St, Colorado Springs, CO 80905
      View Details

    Similar Nearby for Lease

    • $2,200,000
      5,448 SF

      High-Visibility Retail Building For Lease

      Retail building with excellent frontage, freeway visibility, and signage.
      1420 Harrison Rd, Colorado Springs, CO 80905
      View Details
    • $16 SF/Yr
      2,400 SF

      Retail Space on Nevada Avenue

      Retail space with high visibility and strong demographics.
      1841 S Nevada Ave, Colorado Springs, CO 80905
      View Details
    • $10 SF/Yr
      3,000 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
    • $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
    • $2.00 SF/Yr
      4,200 SF

      Retail Space in Cheyenne Plaza

      Retail space available in busy Cheyenne Plaza shopping center.
      1779-1791 S 8Th St, Colorado Springs, CO 80905
      View Details
    • $12 SF/Yr
      3,200 SF

      Unique Retail and Industrial Units

      Retail and industrial units for lease in arts district.
      102-106 S Chestnut St, Colorado Springs, CO 80905
      View Details

    Property Visit Statistics

    • Visits by month
      23.9k
    • Visitors by month
      16.8k
    • Avg Time on site
      21 min
    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.
    1720 Nevada Ave
    Colorado Springs, CO 80905-2224
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.