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Property profile & analytics
OFF-MARKET Estimated value $2,980,000
Strip malls

3705 Drennan Rd Colorado Springs, CO 80910-3873

31,112 SF 2.85 ac lot Built 1985
Entity Owned 16-yr Hold Free & Clear
Property ID
US13-0469477
Property summary
AI-generated overview

This exceptional 30,060 square foot shopping center in Colorado Springs, CO, is offered at $5,750,000 ($191.28/sq ft). The property boasts 100% occupancy with a diverse mix of tenants under a NNN lease structure. Recent improvements include a brand new roof and a freshly paved parking lot, ensuring long-term value and curb appeal. Its strategic location near Amazon's substantial 3.7 million square foot warehouse provides significant visibility and access to a large customer base. The well-designed layout offers flexibility for current tenants to expand or for future tenants to join this thriving retail environment. This presents a compelling investment opportunity with a stable income stream and significant potential for future growth and appreciation. The property is located at 3705-3737 Drennan Road, Colorado Springs, CO 80910, in El Paso County. This fully leased, multi-tenant retail center offers a secure investment with immediate returns and long-term upside. The property's modern infrastructure and prime location make it an attractive asset for discerning investors seeking a stable and profitable investment in a growing market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 31,112 SF
Lot 2.85 ac (124,146 SF)
Zoning code C6 AO
APN 6503103001
UPID US13-0469477
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
  • Cardtronics ATM Atm
  • Western Union Bank Credit Union
  • Loaf 'N Jug. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.11M
Blend (final) Blend
$2.98M
Owner & transaction history
Cs 5 Venture LLC · 16 yrs held
Cs 5 Venture LLC
since 2010
5 recorded transactions
2010
Price N/A
2010
$980,000
1999
Price N/A
1998
$71,900
1969
Price N/A
Zoning & alternative use
C6 AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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