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330 N Institute St Colorado Springs, CO 80903

Retail space Google Maps
3,325 SF 0.13 ac lot Built 1959
Entity Owned 5-yr Hold ~ Est. High Equity
330 N Institute St, Colorado Springs, CO 80903 For Sale
Contact for pricing 3,325 SF
330 N Institute St, Colorado Springs, CO 80903
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Estimated value (blended)
$875k
Range $788k – $963k (±10%)
Property ID US13-0320492

Property summary

AI-generated overview

This exceptional storefront property at 330 N Institute St, Colorado Springs, CO 80903, is offered at $1,300,000. Ideally situated in a vibrant downtown location, this retail space boasts convenient access to major highways and public transportation, ensuring high visibility and accessibility for your business. The property itself is a beautiful blend of classic architectural details and modern updates, creating a warm and inviting atmosphere. Inside, you'll find multiple private offices, perfect for individual work or team collaboration, complemented by a welcoming reception area ideal for client interaction. Ample storage space is also available, catering to various business needs. The property further benefits from dedicated on-site parking for both staff and clients, a significant advantage in a bustling urban setting. This unique space offers a rare opportunity to establish your business in a location that combines historic charm with the functionality of a modern workspace. The property's central location and attractive features make it an excellent investment opportunity for discerning businesses seeking a distinctive and productive environment in the heart of Colorado Springs. This is a truly remarkable opportunity to own a piece of Colorado Springs history while enjoying the benefits of a contemporary, well-equipped commercial space.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,325 SF
Lot 0.13 ac (5,740 SF)
Zoning code C5/CR UV
APN 6417203001
UPID US13-0320492

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
$615k
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$875k

Owner & transaction history

since 2021
Last sale
$920,000
7 recorded transactions
2021
$920,000
2020
$550,000
2016
$390,000
2013
$310,000
2009
$230,010
2008
Price N/A
2002
$149,900

Zoning & alternative use

C5/CR UV · Colorado Springs, CO
Top alternative use upside
Commercial (general) $1.3M +83.1%
Neighborhood: shopping center $885,000 +26.8%
Office building $830,000 +18.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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