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Property profile & analytics
OFF-MARKET Estimated value $3,295,000
Outlet malls

345 Academy Blvd Colorado Springs, CO 80909-6605

42,684 SF 3.82 ac lot Built 1995
Entity Owned 10-yr Hold Free & Clear
Property ID
US13-0914115
Property summary
AI-generated overview

This exceptional retail property, located at 345 N Academy Blvd in Colorado Springs, Colorado, presents a significant opportunity for a single-tenant user. The building boasts a substantial 42,895 square feet of vacant space, all available for lease. Situated on a generous 3.82-acre lot, this property offers ample room for expansion, parking, and outdoor amenities. The zoning designation is MX-M, allowing for a variety of commercial uses. The property's prime location on Academy Boulevard ensures high visibility and accessibility, making it an ideal location for businesses seeking significant exposure to a large customer base. The address is easily accessible from major roadways, providing convenient access for both employees and customers. This single-tenant building offers the unique advantage of complete control over the space, allowing for customization to meet specific business needs. The property is located in El Paso County, Colorado, with a zip code of 80909. This is a rare opportunity to secure a large, high-visibility retail space in a thriving Colorado Springs market. The property is ready for immediate occupancy, presenting a turnkey solution for businesses seeking a prominent location to establish or expand their operations. Interested parties should inquire promptly to secure this exceptional opportunity.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1995
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,684 SF
Lot 3.82 ac (166,399 SF)
Zoning code C5 AO
APN 6414204036
UPID US13-0914115
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
  • Broyhill Furniture Showplace Furniture & Home Goods Home Decor Store
  • KTM Recycling Recycling Center Waste Management Facility
  • Conn's HomePlus Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.17M
Blend (final) Blend
$3.30M
Owner & transaction history
Store Master Funding III LLC · 10 yrs held
Store Master Funding III LLC
since 2015
Last sale
$3.3M
6 recorded transactions
2015
Price N/A
2014
$6.0M
2014
$2.3M
2013
$450,000
2010
Price N/A
2010
Price N/A
Zoning & alternative use
C5 AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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