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Property profile & analytics
FOR LEASE
Strip malls

1976 S Murray Blvd Colorado Springs, CO 80910

6,656 SF 1.08 ac lot Built 1998
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US13-0599129
Property summary
AI-generated overview

Gateway Plaza, located at 1976 S Murray Blvd in Colorado Springs, CO 80910, offers a prime retail opportunity. This Class B, single-story building features a 1,536 square foot end cap space, one of several units within a 6,656 square foot building. The space boasts an open layout, ideal for a variety of retail uses, and benefits from excellent visibility due to its end-cap location. The property is situated in El Paso County and offers ample power. There are no elevators in the building. This is a multi-tenant property, with only one space currently available for lease. The space is perfect for a business seeking high visibility and convenient access in a thriving Colorado Springs location. The property's address is easily accessible and provides excellent exposure to potential customers. This is a unique opportunity to establish a retail presence in a well-located building. The open layout allows for flexible design and customization to suit specific business needs. The ample power supply ensures that operational requirements are easily met.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1998
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,656 SF
Lot 1.08 ac (47,045 SF)
Zoning code PBC AO
APN 6426210015
UPID US13-0599129
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
  • Tan Your Hide Tanning Salon
  • Oxford Nails and Spa LLC Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$945k
Owner & transaction history
Cwc Income Properties 5 LLC · 10 yrs held
Cwc Income Properties 5 LLC
since 2016
7 recorded transactions
2019
Price N/A
2017
Price N/A
2016
$2.4M
2010
$350,000
1999
$1.3M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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