Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3010 Nevada Ave Colorado Springs, CO 80907-5323

    • Retail space
    • 6,670 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0911418
    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

    • AutoZone Auto Parts / Auto Parts Store

    Property Details for 3010 Nevada Ave

    Year built
    1993
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.33 lot acres
    Property size
    6,670 SF
    Zone code
    C6 NNA
    Property type
    Retail space
    APN
    6331404007
    APU
    6331404007

    Description

    This exceptional commercial warehouse opportunity is located in the thriving Fillmore Marketplace of Colorado Springs West, El Paso County, Colorado. The property, built in 1969 and zoned MX-M (Mixed-Use Medium Scale), offers a total of 9,428 square feet across two suites, with 2,240 square feet currently vacant. Individual spaces range from a minimum of 1,052 square feet to a maximum contiguous space of 1,188 square feet. The property sits on a 0.33-acre lot (14,375 square feet) and benefits from excellent visibility and accessibility at the intersection of Fillmore and N Nevada. This location boasts strong demographics and high traffic counts, further enhanced by its proximity to I-25. The property enjoys a vibrant tenant mix, including well-established businesses such as VASA Fitness, Roadhouse Cinemas, Rail Yard Gaming + Gastropub, Jersey Mike's Subs, Fast Fit Foods, Beaches Tanning Center, Supplement Giant, and Dunkin' Donuts. This high-traffic, lifestyle, and entertainment-focused environment provides significant advantages for any business seeking high visibility and a strong customer base. The property's strategic location and impressive tenant roster make it an ideal investment for businesses seeking a prime commercial space in a rapidly growing area. The property is available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $642,000
      Market price range: $252k - $1.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,400,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.82
    Latitude
    38.8749
    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
    $0.00
    $54,670
    $199,550
    $254,220
    -
    $195,938
    $715,239
    $911,177

    Comparable in this City

    • Value Estimation by Request
      962 SF

      1111 Fillmore St

      RETAIL STORES (PERSONAL SERVICES) • 962 SF
      1111 Fillmore St, Colorado Springs, CO 80907-6372
      View Details
    • Value Estimation by Request
      1,600 SF

      2932 Sage St

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      2932 Sage St, Colorado Springs, CO 80907
      View Details
    • Value Estimation
      $860,000
      3,500 SF

      29 Fillmore St

      RETAIL STORES (PERSONAL SERVICES) • 3,500 SF
      29 Fillmore St, Colorado Springs, CO 80907
      View Details
    • Value Estimation
      $700,000
      4,300 SF

      801 Fillmore St

      RETAIL STORES (PERSONAL SERVICES) • 4,300 SF
      801 Fillmore St, Colorado Springs, CO 80907-6313
      View Details
    • Value Estimation by Request
      1,905 SF

      2303 Weber St

      RETAIL STORES (PERSONAL SERVICES) • 1,905 SF
      2303 Weber St, Colorado Springs, CO 80907-6948
      View Details
    • Value Estimation
      $520,000
      4,794 SF

      3230 Stone Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,794 SF
      3230 Stone Ave, Colorado Springs, CO 80907-5308
      View Details

    Similar Nearby for Sale

    • $450,000

      Remodeled Commercial Space For Sale

      Versatile 5,751 sq ft commercial property in prime Colorado Springs location.
      3132 N Hancock Ave, Colorado Springs, CO 80907
      View Details
    • $3,950,000
      14,730 SF

      Fully Leased T-Gap Marketplace

      Stabilized retail center in desirable Patty Jewett area.
      2107 Templeton Gap Rd, Colorado Springs, CO 80907
      View Details
    • $810,000

      Retail Property in Colorado Springs

      Retail property available for sale in Colorado Springs, CO.
      995 Holli Springs Ln, Colorado Springs, CO 80907
      View Details
    • $1,325,000
      6,580 SF

      Colorado Springs Multifamily Investment

      8-Unit Multifamily & Retail, High NOI
      3129 El Paso St, Colorado Springs, CO 80907
      View Details
    • $1,800,000
      3,707 SF

      Centennial Blvd Restaurant Opportunity

      Prime Colorado Springs drive-thru, 3,707 SF.
      4540 Centennial Blvd, Colorado Springs, CO 80907
      View Details
    • $1,200,000
      1,595 SF

      712 E. Fillmore Street

      Automotive properties • 1,595 SF
      712 Fillmore St, Colorado Springs, CO 80907
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,160 SF

      Retail Space in Westwind Marketplace

      Retail space for lease in established Colorado Springs shopping center.
      4315-4435 Centennial Blvd, Colorado Springs, CO 80907
      View Details
    • $17 SF/Yr
      3,900 SF

      Lincoln Center Retail/Creative Space

      Retail or creative space available in Lincoln Center.
      2727 N Cascade Ave, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      5,558 SF

      Retail Space in Venetian Village

      Retail property for lease in Colorado Springs.
      3029-3123 N Hancock Ave, Colorado Springs, CO 80907
      View Details
    • $19 SF/Yr
      1,350 SF

      Colorado Springs Office/Retail Space

      Desirable office and retail spaces available for lease.
      308 W Fillmore St, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space in Grand View Marketplace

      Retail space available for lease in Colorado Springs, CO.
      3267 Centennial Blvd, Colorado Springs, CO 80907
      View Details
    • $14 SF/Yr
      2,184 SF

      Retail Space on Garden Of The Gods

      Retail space available for lease on Garden Of The Gods.
      975-1045 Garden Of The Gods Rd, Colorado Springs, CO 80907
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3010 Nevada Ave
    Colorado Springs, CO 80907-5323
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.