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    400 N Circle Dr Colorado Springs, CO 80909
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    Property profile & analytics

    400 N Circle Dr, Colorado Springs, CO 80909

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    • Retail space
    • 1,800 SF
    • 0.12 lot acres
    For Sale
    $949,500
    View Listing →
    Circle Drive Automotive/Retail Property For Sale
    $949,500
    4,040 SF

    Circle Drive Automotive/Retail Property

    Automotive/Retail property with multiple structures and fenced yard.

    400 N Circle Dr, Colorado Springs, CO 80909
    View Listing
    Property ID
    US13-0347704
    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
    Cap Rate Potential
    3.3%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • All Rental Center / (Bike/Boat/Book/etc) Store / Rental Equipment Company

    Property Details for 400 N Circle Dr

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.12 lot acres
    Zone code
    C6
    Property type
    Retail space
    APN
    6416106021
    APU
    6416106021

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 22, 2022 $700,000 400 North Circle LLC Michael W Stallwood Special Warranty Deed $560k · American Bank Of Commerce
    Nov 28, 2017 $358,000 Michael W Stallwood Stallwood,richard C & Diana R Warranty Deed · related $358k · Richard C & Diana R Stallwood
    Mar 12, 2015 — Richard C Stallwood Stallwood Michael W Quit Claim Deed · related —
    Apr 1, 2009 — Record Owner Owner,record Quit Claim Deed · related —
    Mar 4, 2009 $289,500 Richard C Stallwood Nelson Eloise K Living Trust Warranty Deed —
    — — Nelson Eloise K Living Trust — Deed Of Trust · related $95k · Access Financial Group LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $650,000
      ML approach
      $635,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $690,000
      NEIGHBORHOOD: SHOPPING CENTER
      $480,000
      MEDICAL BUILDING
      $435,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.776
    Latitude
    38.8382
    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
    $5,175
    $13,480
    $89,350
    $102,830
    -
    $48,300
    $320,265
    $368,565

    Comparable in this City

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    • Value Estimation by Request
      986 SF

      3612 Galley Rd Ste C

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      3612 Galley Rd Ste C, Colorado Springs, CO 80909-4355
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      700 Juanita St

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      3 Swope Ave

      RETAIL STORES (PERSONAL SERVICES)
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      2730 Willamette Pl

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $940,000
      9,882 SF

      427 Chelton Rd

      RETAIL STORES (PERSONAL SERVICES)
      427 Chelton Rd, Colorado Springs, CO 80909-6405
      View Details

    Similar Nearby for Sale

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      2,010 SF

      Retail Building Near E Platte

      2,010 SF retail building constructed in 1981 for sale.
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      6,270 SF

      Freestanding Retail Space Available

      Retail space in North Circle Plaza, Colorado Springs, CO.
      1809-1815 N Circle Dr, Colorado Springs, CO 80909
      View Details
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      Freestanding Industrial Building For Sale

      5,277 SF industrial building with visibility and functionality.
      3930 Galley Rd, Colorado Springs, CO 80909
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    • Contact for pricing
      4,040 SF

      Circle Drive Automotive/Retail Property

      Automotive/Retail property with multiple structures and fenced yard.
      400 N Circle Dr, Colorado Springs, CO 80909
      View Details
    • Contact for pricing
      3,024 SF

      Warehouse with Fenced Yard

      3,024 SF warehouse with fenced yard for sale.
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      3,142 SF

      Colorado Springs Retail Building For Sale

      Retail building for sale in Colorado Springs area.
      2102 E Bijou St, Colorado Springs, CO 80909
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    Similar Nearby for Lease

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      15,000 SF

      Retail Space with Anchor Tenants

      Retail space available with existing anchor tenants and public transit.
      1305-1409 Academy Blvd, Colorado Springs, CO 80909
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      1,500 SF

      East Platte Avenue Retail Opportunity

      Flexible retail opportunity with high visibility in Colorado Springs.
      2322-2332 E Platte Ave, Colorado Springs, CO 80909
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      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
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    • Contact for pricing
      49,991 SF

      Former Sportsman's Venue Available

      Sublease opportunity: 49,991 SF standalone building in Colorado Springs.
      555 N Chelton Rd, Colorado Springs, CO 80909
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    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      1107 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

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      555
    • Avg Time on site
      19 min
    View Listing
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    Colorado Springs, CO 80909
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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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