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Property profile & analytics
FOR LEASE
Strip malls

201 N Academy Blvd Colorado Springs, CO 80909

12,155 SF 1.97 ac lot Built 1972
Entity Owned 26-yr Hold ~ Est. High Equity
Property ID
US13-0332287
Property summary
AI-generated overview

Academy Tower Plaza, a Class C retail strip center in El Paso County, presents a compelling investment opportunity. This well-located property boasts 25,130 square feet of total retail space situated on Academy Boulevard near Bijou Street and the Citadel Mall, ensuring high visibility and traffic. The center offers six available spaces, ranging from a minimum of 700 square feet to a maximum contiguous space of 5,168 square feet. Currently, 8,396 square feet are vacant, providing significant potential for new tenants. Ground level spaces are available at a competitive rate of $9.00 to $12.00 per square foot, with estimated net operating expenses of $3.50 per square foot. The property benefits from excellent street visibility, convenient access to downtown El Paso, and stunning mountain views. This is an ideal location for businesses seeking high foot traffic and exposure in a thriving commercial corridor. The property's strategic location near the Citadel Mall shopping corridor further enhances its appeal to potential tenants and investors. The available spaces offer flexibility for a variety of retail uses, making this a versatile and attractive investment opportunity. The combination of prime location, competitive pricing, and significant vacant space makes Academy Tower Plaza a strong contender in the El Paso County retail market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,155 SF
Lot 1.97 ac (85,813 SF)
Zoning code C5 AO
APN 6414204034
UPID US13-0332287
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.59M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.15M
Owner & transaction history
Academy Tower Plaza LLC · 26 yrs held
Academy Tower Plaza LLC
since 2000
3 recorded transactions
2000
$1.7M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C5 AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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