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Property profile & analytics
OFF-MARKET
Banks

1800 Nevada Ave Colorado Springs, CO 80905-2517

6,761 SF 1.67 ac lot Built 1963
Individually Owned Free & Clear
Property ID
US13-1154926
Property summary
AI-generated overview

This exceptional 1800 S Nevada Ave property in Colorado Springs, Colorado, presents a unique opportunity for commercial development. Located in El Paso County, zip code 80905, this land parcel offers significant potential for a variety of commercial uses. The property is being offered for sale via a Request for Proposals (RFP) process on behalf of Wells Fargo Bank. The RFP will require detailed proposals outlining a development timeline, showcasing relevant developer experience in comparable projects, and demonstrating a plan to minimize disruption to the existing Wells Fargo branch during construction. Wells Fargo Bank intends to remain a part of the new development, occupying a modern banking facility designed to better serve the Colorado Springs community. The property's precise size is not specified in the provided information, but its location at 1800 S Nevada Ave offers excellent visibility and accessibility. Interested parties should prepare comprehensive proposals addressing the specific requirements outlined in the RFP to be considered. The geographic coordinates are 38.8080951 latitude and -104.8227077 longitude. This is a prime opportunity to develop a significant commercial project in a thriving Colorado Springs location.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,761 SF
Lot 1.67 ac (72,745 SF)
Zoning code C5
APN 6430213027
UPID US13-1154926
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
  • Wells Fargo Bank Bank Loan Service
  • Wells Fargo Advisors Financial Advisor
  • One Hundred Twenty Four Hour Atm
  • Wells Fargo ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
FIRSTAMERICAN BANK
FIRSTAMERICAN BANK
Zoning & alternative use
C5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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