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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2890 Powers Blvd Colorado Springs, CO 80922-2800

    • Grocery and convenience stores
    • 55,026 SF
    • 7.62 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1003799
    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

    • Safeway Pharmacy / Pharmacy / Drug Store
    • Kathryn H. Sullivan, RPH / Pharmacy
    • Nicki R. Carter, MS / Pharmacy
    • Primo Water Refill & Exchange / Bottled Water Supplier
    • Safeway / Butcher Shop / Deli

    Property Details for 2890 Powers Blvd

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.62 lot acres
    Property size
    55,026 SF
    Zone code
    PBC/CR AO
    Property type
    Grocery and convenience stores
    APN
    6336418003
    APU
    6336418003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $900,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.722
    Latitude
    38.8738
    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
    $44,559
    $626,950
    $194,700
    $821,650
    -
    $2,247,146
    $697,854
    $2,945,000

    Comparable in this City

    • Value Estimation
      $270,000
      3,119 SF

      Barnes Rd

      CONVENIENCE STORE • 3,119 SF
      Barnes Rd, Colorado Springs, CO 80922
      View Details
    • Value Estimation
      $445,000
      3,414 SF

      7692-7696 Barnes Rd

      CONVENIENCE STORE • 3,414 SF
      7692-7696 Barnes Rd, Colorado Springs, CO 80922
      View Details
    • Value Estimation
      $5,020,000
      4,973 SF

      6735 Carefree Cir

      CONVENIENCE STORE • 4,973 SF
      6735 Carefree Cir, Colorado Springs, CO 80922-2401
      View Details
    • Value Estimation
      $270,000
      4,094 SF

      6133 Carefree Cir

      CONVENIENCE STORE • 4,094 SF
      6133 Carefree Cir, Colorado Springs, CO 80922
      View Details
    • Value Estimation
      $465,000
      4,973 SF

      6125 Barnes Rd

      CONVENIENCE STORE • 4,973 SF
      6125 Barnes Rd, Colorado Springs, CO 80922-2607
      View Details
    • Value Estimation
      $345,000
      3,101 SF

      2790 Powers Blvd

      CONVENIENCE STORE • 3,101 SF
      2790 Powers Blvd, Colorado Springs, CO 80922-2802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,200 SF

      Retail Property Near Stadium

      Retail property with easy access and excellent visibility.
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      Shoppes at the Ball Park: Prime Retail

      Thriving Colorado Springs shopping center. 100% occupied.
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      Colorado Springs Flex Space Units

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    • $399,000

      New Townhome in Prime Location

      New three-bedroom townhome with office, granite countertops, and unfinished basement.
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      Powers Blvd Corridor Land Parcels

      Land parcels available along Powers Blvd corridor for sale.
      5870 Tutt Center Pt, Colorado Springs, CO 80922
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    • $450,000
      0.89 Acres

      Colorado Springs Industrial Land

      High-visibility industrial lot, 0.89 acres.
      6160 Barnes Rd, Colorado Springs, CO 80922
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      5,696 SF

      First & Main Town Center

      Retail space in a vibrant Colorado Springs town center.
      3215-3387 Cinema Pt, Colorado Springs, CO 80922
      View Details
    • $26 SF/Yr
      2,315 SF

      Retail Space For Lease

      Inline retail space available in Colorado Springs shopping center.
      2832-2888 N Powers Blvd, Colorado Springs, CO 80922
      View Details
    • $26 SF/Yr
      4,000 SF

      Retail Space Near Super Target

      Retail space in busy center near N. Powers Blvd.
      3739 Bloomington St, Colorado Springs, CO 80922
      View Details
    • $20 SF/Yr
      1,200 SF

      Turn-key Professional Office Space

      Highly visible office/retail space in a growing Colorado Springs corridor.
      6130 Barnes Rd, Colorado Springs, CO 80922
      View Details
    • $27 SF/Yr
      1,600 SF

      Retail Space For Lease

      Inline retail space available in Colorado Springs shopping center.
      2906-2920 N Powers Blvd, Colorado Springs, CO 80922
      View Details
    • Contact for pricing
      5,850 SF

      Powers Boulevard Retail/Flex Space

      Retail/flex/showroom opportunity in the Powers Boulevard corridor.
      5850 Championship Vw, Colorado Springs, CO 80922
      View Details

    Property Visit Statistics

    • Visits by month
      76.6k
    • Visitors by month
      46.1k
    • Avg Time on site
      19 min
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    2890 Powers Blvd
    Colorado Springs, CO 80922-2800
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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