Add Listing
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

    3502 Hartsel Dr Colorado Springs, CO 80920-2111

    • Retail space
    • 10,000 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0351925
    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

    • Little Caesars Pizza / Restaurant
    • Woodmen Wine & Liquor / Specialty Food Shop / Wine and Liquor Store
    • Mama Poke / Restaurant

    Property Details for 3502 Hartsel Dr

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.06 lot acres
    Property size
    10,000 SF
    Zone code
    C6 P
    Property type
    Retail space
    APN
    6310111028
    APU
    6310111028

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,100,000
      Current use
      OFFICE BUILDING
      $2,345,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.762
    Latitude
    38.9389
    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
    $35,190
    $156,520
    $377,100
    $533,620
    -
    $561,002
    $1,351,622
    $1,912,624

    Comparable in this City

    • Value Estimation
      $860,000
      5,580 SF

      7580 Goddard St

      RETAIL STORES (PERSONAL SERVICES) • 5,580 SF
      7580 Goddard St, Colorado Springs, CO 80920-8234
      View Details
    • Value Estimation
      $4,080,000
      17,920 SF

      1238 Woodmen Rd

      RETAIL STORES (PERSONAL SERVICES) • 17,920 SF
      1238 Woodmen Rd, Colorado Springs, CO 80920-3152
      View Details
    • Value Estimation
      $1,660,000
      12,671 SF

      7010 Campus Dr

      RETAIL STORES (PERSONAL SERVICES) • 12,671 SF
      7010 Campus Dr, Colorado Springs, CO 80920
      View Details
    • Value Estimation
      $2,205,000
      15,376 SF

      1595 Briargate Blvd

      RETAIL STORES (PERSONAL SERVICES) • 15,376 SF
      1595 Briargate Blvd, Colorado Springs, CO 80920-3485
      View Details
    • Value Estimation
      $2,660,000
      21,420 SF

      1376 Woodmen Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,420 SF
      1376 Woodmen Rd, Colorado Springs, CO 80920-3174
      View Details
    • Value Estimation
      $1,480,000
      9,461 SF

      7149 Academy Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,461 SF
      7149 Academy Blvd, Colorado Springs, CO 80920-3186
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,390 SF

      Former Restaurant Space For Sale

      Former KFC restaurant space available near Chapel Hills Mall.
      8115 Dorothy Ln, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Colorado Springs Land Parcel

      2.1-acre land parcel in northern Colorado Springs.
      1860 Office Club Pt, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      21,030 SF

      Versatile Office/Flex Building For Sale

      Office/flex building with flexible configuration options in Mountain Vista.
      8145-8245 N Union Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      140,583 SF

      Corporate Headquarters Opportunity

      93,000 SF corporate headquarters with I-25 visibility.
      6860 Campus Dr, Colorado Springs, CO 80920
      View Details
    • $1,250,000

      Colorado Springs Land Parcel For Sale

      2.1 acre land parcel in northern Colorado Springs.
      1860 Office Club Pt, Colorado Springs, CO 80920
      View Details
    • $424,620
      0.05 Acres

      Upgraded Townhome in Colorado Springs

      Beautifully upgraded townhome in North Colorado Springs with modern amenities.
      8735 Scarborough Dr, Colorado Springs, CO 80920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Power Peak

      Prominent retail center space for lease on Powers Blvd.
      5620 E Woodmen Rd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      38,000 SF

      Prime Retail Space Available

      Retail space in a dynamic 156,000 SF shopping center.
      1709-1790 E Woodmen Rd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      1 SF

      Colorado Springs Retail Land

      Two prime retail pad sites available.
      0 Colorado Spg, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space on Woodmen Road

      Retail space with high visibility and traffic count.
      3560 E Woodmen Rd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      5,229 SF

      Retail Space in Union Center

      Retail space available in busy Colorado Springs shopping center.
      3478 Research Pkwy, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      1,410 SF

      Retail Space Near King Soopers

      Retail space anchored by King Soopers with excellent visibility.
      3526 Hartsel Dr, Colorado Springs, CO 80920
      View Details

    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      2.5k
    • Avg Time on site
      12 min
    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.
    3502 Hartsel Dr
    Colorado Springs, CO 80920-2111
    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.
    Sign Up Successful!
    You now have access to more from Realmo!