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    Property profile & analytics

    3408 Academy Blvd Colorado Springs, CO 80917-5086

    • Turn key restaurants
    • 1,964 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $505,000
    Last Sale
    Feb 04, 2021
    $530,000
    Location Intelligence
    Property ID
    US13-0693911
    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

    • Turn key restaurants

    Property Details for 3408 Academy Blvd

    Year built
    1977
    Construction
    WOOD FRAME
    Lot size
    0.54 lot acres
    Property size
    1,964 SF
    Zone code
    C5 P
    Property type
    Turn key restaurants
    APN
    6334101009
    APU
    6334101009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $505,000

    • CAP approach

      CAP return
      Estimation
      6%
      $570,000
      6.5%
      $495,000
      7%
      $490,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $555,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $475,000
      Retail
      $410,000
      Mixed-Use
      $545,000
      Hospitality
      $535,000
      Educational
      $450,000
      Residential Income
      $505,000
      Energy
      $450,000
      Income-Based Land
      $515,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.758
    Latitude
    38.8807
    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
    $7,380
    $87,780
    $53,290
    $141,070
    -
    $314,622
    $191,018
    $505,640

    Comparable in this City

    • Value Estimation
      $280,000
      3,500 SF

      3589 Carefree Cir

      RESTAURANT • 3,500 SF
      3589 Carefree Cir, Colorado Springs, CO 80917-2802
      View Details
    • Value Estimation
      $585,000
      2,399 SF

      3725 Oro Blanco Dr

      RESTAURANT • 2,399 SF
      3725 Oro Blanco Dr, Colorado Springs, CO 80917-2266
      View Details
    • Value Estimation
      $380,000
      3,264 SF

      3504 Academy Blvd

      RESTAURANT • 3,264 SF
      3504 Academy Blvd, Colorado Springs, CO 80917-5088
      View Details
    • Value Estimation
      $3,330,000
      6,028 SF

      5710 Carefree Cir

      RESTAURANT • 6,028 SF
      5710 Carefree Cir, Colorado Springs, CO 80917-4500
      View Details
    • Value Estimation
      $2,760,000
      5,643 SF

      5749 Stetson Hls Blvd

      RESTAURANT • 5,643 SF
      5749 Stetson Hls Blvd, Colorado Springs, CO 80917-4222
      View Details
    • Value Estimation
      $575,000
      2,405 SF

      4750 Barnes Rd

      RESTAURANT • 2,405 SF
      4750 Barnes Rd, Colorado Springs, CO 80917-1643
      View Details

    Similar Nearby for Sale

    • $535,000

      Self-Service Car Wash Facility

      7-bay car wash with rented garage space and solar panels.
      3680 Jeannine Dr, Colorado Springs, CO 80917
      View Details
    • $3,424,610
      22,064 SF

      Retail Redevelopment Opportunity

      Value-add retail redevelopment opportunity in a high-growth area.
      3265-3287 S Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $1,215,000
      8,100 SF

      Retail Strip Center For Sale

      Small strip center near Academy & Austin Bluffs. Below market rents.
      3634-3642 Jeannine Dr, Colorado Springs, CO 80917
      View Details
    • $1,673,086
      15,613 SF

      Retail Redevelopment Opportunity

      Value-add retail redevelopment opportunity in a high-growth area.
      3205-3233 S Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $1,300,000
      7,356 SF

      Academy Blvd Executive Office Building

      Colorado Springs Office Building - $1.3M
      2960 Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $3,750,000
      5.01 Acres

      Prime Colorado Springs Commercial Land

      5+ acre commercial land with development potential in Colorado Springs.
      4435 Chaparral Rd, Colorado Springs, CO 80917
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      60,040 SF

      Academy Station Office Space

      Colorado Springs medical/office suites available
      3952 Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $12 SF/Yr
      2,400 SF

      Prime Retail/Office/Medical Space Available

      2,400 SF retail/office/medical space off Academy Blvd.
      3470-3490 W Carefree Cir, Colorado Springs, CO 80917
      View Details
    • $35 SF/Yr
      1,416 SF

      Retail Space Available For Rent

      Retail space available with equipment included in Colorado Springs.
      4307-4359 Integrity Center Pt, Colorado Springs, CO 80917
      View Details
    • Contact for pricing
      10,091 SF

      Prime Retail Space Available

      Premier retail space in central Colorado Springs with high visibility.
      3315-3541 N Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $14 SF/Yr
      1,924 SF

      Colorado Springs Retail/Office Space

      Office and retail spaces with high visibility and accessibility.
      4440-4474 Barnes Rd, Colorado Springs, CO 80917
      View Details
    • $12 SF/Yr
      8,400 SF

      Retail Space on Academy Boulevard

      Centrally located retail shopping center with excellent visibility and access.
      3958 N Academy Blvd, Colorado Springs, CO 80917
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      899
    • Avg Time on site
      21 min
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    Colorado Springs, CO 80917-5086
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    Realmo Value Estimation

    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.

    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.

    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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