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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3650 Austin Blfs Pkwy Colorado Springs, CO 80918-6631

    • Individual retail properties
    • 44,473 SF
    • 1.17 lot acres
    OFF-MARKET
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0079611
    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

    • Individual retail properties

    Property Details for 3650 Austin Blfs Pkwy

    Year built
    1977
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.17 lot acres
    Property size
    44,473 SF
    Zone code
    PBC UV
    Property type
    Individual retail properties
    APN
    6327121018
    APU
    6327121018

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $549,000
      Market price range: $425k - $2.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.76
    Latitude
    38.8934
    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
    $50,919
    $147,170
    $347,120
    $494,290
    -
    $527,488
    $1,244,158
    $1,771,646

    Comparable in this City

    • Value Estimation
      $2,660,000
      6,843 SF

      2130 Vickers Dr

      BARBER, HAIR SALON • 6,843 SF
      2130 Vickers Dr, Colorado Springs, CO 80918-8129
      View Details
    • Value Estimation
      $2,640,000
      28,403 SF

      2660 Vickers Dr

      GYM, HEALTH SPA • 28,403 SF
      2660 Vickers Dr, Colorado Springs, CO 80918-1941
      View Details
    • Value Estimation
      $2,900,000
      50,310 SF

      2240 Montebello W Ct

      GYM, HEALTH SPA • 50,310 SF
      2240 Montebello W Ct, Colorado Springs, CO 80918
      View Details
    • Value Estimation
      $865,000
      4,720 SF

      6217 Lehman Dr

      GYM, HEALTH SPA • 4,720 SF
      6217 Lehman Dr, Colorado Springs, CO 80918-1433
      View Details
    • Value Estimation by Request
      6,445 SF

      6054 Holw Tree Ct

      GYM, HEALTH SPA • 6,445 SF
      6054 Holw Tree Ct, Colorado Springs, CO 80918-1436
      View Details
    • Value Estimation by Request
      4,038 SF

      6052 Holw Tree Ct

      GYM, HEALTH SPA • 4,038 SF
      6052 Holw Tree Ct, Colorado Springs, CO 80918-1436
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Turnkey Commercial Kitchen For Sale

      Turnkey commercial property with co-op kitchen and retail space.
      4621 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      18,080 SF

      Corner Location Retail/Industrial Space

      High-visibility corner location suitable for retail, office, or industrial use.
      6121 N Academy Blvd, Colorado Springs, CO 80918
      View Details
    • $3,290,310
      13,221 SF

      Redevelopment Opportunity in High-Traffic Corridor

      Commercial property with redevelopment potential in a fast-growing market.
      1850 Dominion Way, Colorado Springs, CO 80918
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    • $6,857,000
      8,600 SF

      Colorado Springs Retail For Sale

      Retail property with 8,600 SF available in Colorado Springs.
      5985 Dublin Blvd, Colorado Springs, CO 80918
      View Details
    • $2,200,000
      0.80 Acres

      Turnkey Commercial Property in Colorado

      5000 sq ft commercial property with co-op kitchen.
      4621 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $2,252,000
      6,000 SF

      Retail Condos Investment Opportunity

      NNN investment property with steady cash-flow and low maintenance.
      3725 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,713 SF

      Retail Space in Austin Bluffs

      Retail space available in a prominent shopping center.
      4122-4134 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $22 SF/Yr
      1,830 SF

      Retail Space in Colorado Springs

      Grocery store anchored neighborhood shopping center with high visibility.
      1712-1728 Dublin Blvd, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      3,259 SF

      Gas Station & Convenience Store

      3,259 SF gas station and convenience store on 1.05 acres.
      4605 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      1,512 SF

      Retail Space in Community Center

      Retail space available in a King Soopers-anchored shopping center.
      3670 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $22 SF/Yr
      3,053 SF

      Retail Space in Dublin Village

      Grocery store anchored shopping center in a prime location.
      1752-1760 Dublin Blvd, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      1,836 SF

      Retail Space Near UCCS

      Retail spaces available near I-25 and Academy Blvd.
      1383 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
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    Colorado Springs, CO 80918-6631
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    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
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