Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3910 Palmer Park Blvd Colorado Springs, CO 80909-3404
    Back to Search
    Property profile & analytics

    3910 Palmer Park Blvd, Colorado Springs, CO 80909-3404

    View on Map
    • Strip malls
    • 29,915 SF
    • 19.41 lot acres
    Off-Market
    Last Sale Mar 7, 2022
    $7,000,000
    Property ID
    US13-0938918
    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.
    Value Estimations
    $6,820,000
    Show details
    Cap Rate Potential
    6.4%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • J & J Industries Inc / Industrial Manufacturer / Production Facility
    • Colorado Erectile Dysfunction Doctor / Medical Clinic
    • Trust Payday Loans / Loan Service

    Property Details for 3910 Palmer Park Blvd

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    19.41 lot acres
    Zone code
    M1/CR CU SS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    6402307006
    APU
    6402307006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 7, 2026 $6,100,000 City Of Colorado Springs Rh Development LLC Special Warranty Deed —
    Nov 5, 2025 — Rh Development LLC — Deed · related $17.1M · Rga Reinsurance Company
    Mar 7, 2022 $7,000,000 Rh Development LLC Rhsc Limited Liability Company Special Warranty Deed —
    Jun 18, 2013 — Rhsc LLC — Deed Of Trust · related $7.4M · Pacific Western Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,480,000
      ML approach
      $7,260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,890,000
      6.5%
      $6,360,000
      7%
      $5,910,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $7,975,000
      Current use
      MEDICAL BUILDING
      $7,195,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.754
    Latitude
    38.8562
    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
    $0.00
    $625,120
    $1,327,830
    $1,952,950
    -
    $2,240,572
    $4,759,247
    $6,999,819

    Comparable in this City

    • Value Estimation
      $865,000
      5,400 SF

      2017 Bijou St

      SHOPPING CENTER, STRIP CENTER
      2017 Bijou St, Colorado Springs, CO 80909-5818
      View Details
    • Value Estimation
      $1,025,000
      5,920 SF

      17 Cir Dr

      SHOPPING CENTER, STRIP CENTER
      17 Cir Dr, Colorado Springs, CO 80909-6345
      View Details
    • Value Estimation
      $5,330,000
      40,739 SF

      3634 Citadel N Dr

      SHOPPING CENTER, STRIP CENTER
      3634 Citadel N Dr, Colorado Springs, CO 80909-5312
      View Details
    • Value Estimation by Request
      14,192 SF

      2241 Platte Ave

      SHOPPING CENTER, STRIP CENTER
      2241 Platte Ave, Colorado Springs, CO 80909
      View Details
    • Value Estimation
      $2,135,000
      19,526 SF

      17 Iowa Ave

      SHOPPING CENTER, STRIP CENTER
      17 Iowa Ave, Colorado Springs, CO 80909-5913
      View Details
    • Value Estimation
      $6,480,000
      45,300 SF

      3805 Pike Peak Ave

      SHOPPING CENTER, STRIP CENTER
      3805 Pike Peak Ave, Colorado Springs, CO 80909-6716
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,478 SF

      Citadel Mall Outparcel Ground Lease

      0.5 - 2.4 AC pad site available for ground lease.
      747-795 E Citadel Dr, Colorado Springs, CO 80909
      View Details
    • $1,500,000

      Upgraded Commercial Property For Sale

      Recently upgraded commercial property with fenced lot and highway access.
      704 Arrawanna St, Colorado Springs, CO 80909
      View Details
    • $225,000

      Automotive Retail on High Traffic

      Automotive retail location near Memorial Park on East Pikes Peak.
      2020 E Pikes Peak Ave, Colorado Springs, CO 80909
      View Details
    • $815,000

      Established Restaurant Property For Sale

      Well-maintained restaurant with high visibility and redevelopment potential.
      320 N Circle Dr, Colorado Springs, CO 80909
      View Details
    • $350,000
      0.32 Acres

      Commercial Property with Large Lot

      Versatile commercial property ideal for various business operations.
      2020 E Kiowa St, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      900 SF

      Commercial Property with Pylon Sign

      Commercial property with overhead door, garage, and pylon sign.
      2660 E Willament Ave, Colorado Springs, CO 80909
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,168 SF

      Retail Space on Academy Boulevard

      Retail space available in a well-located shopping center.
      201-223 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      2,700 SF

      Dominant Power Center Space

      Retail space available in dominant power center.
      507-907 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      11,800 SF

      Retail Space in Power Center

      Retail space in a busy Colorado Springs power center.
      801-945 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      Retail Space on Academy Boulevard

      Retail space available in a well-located shopping center.
      201 N Academy Blvd, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      1,203 SF

      High-Traffic Retail Endcap Space

      Retail space in a high-traffic shopping center.
      1157-1237 N Circle Dr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing

      Retail Opportunity in Colorado Springs

      Retail spaces available in rapidly expanding Colorado Springs community.
      Rustic Hl Shopping Ctr, Colorado Springs, CO 80909
      View Details
    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.
    3910 Palmer Park Blvd
    Colorado Springs, CO 80909-3404
    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

    Thank You for Inquiry
    3910 Palmer Park Blvd, Colorado Springs, CO, 80909
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!