Sign Up Successful!
You now have access to more from Realmo!
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

    4494 Austin Blfs Pkwy Colorado Springs, CO 80918-2934

    • Drive through restaurants
    • 2,208 SF
    • 1.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2339848
    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

    • Drive through restaurants

    Property Details for 4494 Austin Blfs Pkwy

    Year built
    1987
    Construction
    WOOD FRAME
    Lot size
    1.21 lot acres
    Property size
    2,208 SF
    Zone code
    PBC/CR AO
    Property type
    Drive through restaurants
    APN
    6323308030
    APU
    6323308030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.749
    Latitude
    38.8969
    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
    $9,840
    $168,380
    $19,580
    $187,960
    -
    $603,495
    $70,188
    $673,683

    Comparable in this City

    • Value Estimation by Request
      2,828 SF

      4195 Academy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,828 SF
      4195 Academy Blvd, Colorado Springs, CO 80918-6621
      View Details
    • Value Estimation
      $1,965,000
      2,860 SF

      2455 Montebello Sq Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,860 SF
      2455 Montebello Sq Dr, Colorado Springs, CO 80918-1946
      View Details
    • Value Estimation by Request
      2,639 SF

      5710 Academy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,639 SF
      5710 Academy Blvd, Colorado Springs, CO 80918-3666
      View Details
    • Value Estimation by Request
      1,200 SF

      4457 Austin Blfs Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,200 SF
      4457 Austin Blfs Pkwy, Colorado Springs, CO 80918-2943
      View Details
    • Value Estimation by Request
      1,458 SF

      5955 Academy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,458 SF
      5955 Academy Blvd, Colorado Springs, CO 80918-3447
      View Details
    • Value Estimation by Request
      4,002 SF

      4810 Flintridge Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,002 SF
      4810 Flintridge Dr, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Sale

    • $2,200,000
      2,800 SF

      Restaurant/Retail Property on Academy Boulevard

      Single-tenant retail/restaurant with drive-thru potential on 0.78 acres.
      2455 Montebello Square Dr, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      1,296 SF

      Former Restaurant on High-Traffic Parkway

      Former drive-through restaurant on 0.82 acres available for sale.
      4457 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      2,448 SF

      Prime QSR Location - Colorado Springs

      Vacant KFC, Drive-Thru, High Traffic
      3775 Austin Bluffs Pkwy, 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
    • $3,290,310
      1.66 Acres

      Colorado Springs Commercial Redevelopment Opportunity

      Prime commercial property with high redevelopment potential in a desirable location.
      1850 Dominion Way, Colorado Springs, CO 80918
      View Details
    • $2,390,000
      5,000 SF

      Colorado Springs Restaurant Complex

      Turnkey Restaurant & Co-op Kitchen
      4621 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,850 SF

      Drive-Thru Restaurant Opportunity

      Second-generation QSR with drive-thru in high-traffic area.
      3220 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $22 SF/Yr
      15,860 SF

      Dublin Village Office Space

      Colorado Springs Retail & Office Opportunity
      1704 Dublin Blvd, Colorado Springs, CO 80918
      View Details
    • $12 SF/Yr
      18,088 SF

      Austin Bluffs Plaza Retail Center

      Colorado Springs retail space, multiple units available
      4144-4174 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $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
      1,424 SF

      King Soopers Anchored Retail Space

      Retail space available in a community shopping center.
      4268-4276 N Academy Blvd, Colorado Springs, CO 80918
      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.
    4494 Austin Blfs Pkwy
    Colorado Springs, CO 80918-2934
    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.