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Property profile & analytics
FOR LEASE
Hotels

2886 South Circle Dr Colorado Springs, CO 80906

229,159 SF 16.85 ac lot Built 1974
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US13-2757557
Property summary
AI-generated overview

This exceptional retail space, totaling 2,580 square feet, is available for lease within the recently renovated Alta Apartments complex in Colorado Springs, CO. Located at 2886 S Circle Dr, 80906, this property boasts excellent visibility and accessibility, situated directly off I-25 and Circle Drive, ensuring high traffic exposure. Previously used as a bar/lounge, the space retains existing infrastructure suitable for similar uses, although it lacks a hood or grease trap. The versatile layout presents numerous possibilities, including a boutique, retail store, meeting space, social house, design studio, clothing or gift store, dispatch center, or community church. The space benefits from its proximity to the apartment complex's main lobby, providing direct access to 496 residential units. Building and monument signage opportunities are available, further enhancing visibility and brand recognition. The building itself was constructed in 1974 and underwent a complete renovation in 2024. The total building square footage is 317,772 square feet, with this particular space offering flexibility for various business types. This location in El Paso County offers a unique opportunity to establish a thriving business within a vibrant residential community. The space is part of a larger multi-tenant building.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1974
Total area 229,159 SF
Lot 16.85 ac (733,986 SF)
Zoning code PBC
APN 6429408015
UPID US13-2757557
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
  • Oasis Event Center Hotel & Motel Resort
  • Alta Hotel Hotel & Motel
  • Alta Apartments Apartment Complex
  • ALTA Living Apartment Complex Extended Stay Hotel
  • gsXsiempre (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$18.02M
Comparable Approach Comparable
by Request
Blend (final) Blend
$22.94M
Owner & transaction history
Alta Springs Off 1 25 Owner LLC · 4 yrs held
Alta Springs Off 1 25 Owner LLC
since 2021
Last sale
$25.0M
3 recorded transactions
2025
Price N/A
2023
Price N/A
2021
$25.0M
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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