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

    5027 Academy Blvd Colorado Springs, CO 80918-4125

    • Investment properties
    • 25,007 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    May 04, 2021
    $1,965,000
    Value Estimations
    $1,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2647292
    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

    • Grace Bible Church of Colorado Springs / Church

    Property Details for 5027 Academy Blvd

    Year built
    1978
    Lot size
    0.60 lot acres
    Property size
    25,007 SF
    Zone code
    PBC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    6322214044
    APU
    6322214044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,865,000
      ML approach
      $1,920,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,574,000
      Market price range: $1.36M - $9.80M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.772
    Latitude
    38.9042
    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
    $54,830
    $161,760
    $216,590
    -
    $196,511
    $579,772
    $776,283

    Comparable in this City

    • Value Estimation
      $4,230,000
      34,393 SF

      5025 Academy Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 34,393 SF
      5025 Academy Blvd, Colorado Springs, CO 80918-4125
      View Details
    • Value Estimation
      $4,360,000
      13,517 SF

      305 Austin Blfs Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 13,517 SF
      305 Austin Blfs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      5,000 SF

      4621 Austin Bluffs Pkwy

      Restaurants • 5,000 SF
      4621 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      20,398 SF

      3425 Austin Bluffs Pkwy

      Medical offices • 20,398 SF
      3425 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      0.20 Acres

      Austin Blfs Pkwy

      VACANT COMMERCIAL LAND • 0.20 Acres
      Austin Blfs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation by Request
      0.46 Acres

      Academy Blvd

      VACANT COMMERCIAL LAND • 0.46 Acres
      Academy Blvd, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Sale

    • $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
    • $1,200,000
      6,520 SF

      Colorado Springs Executive Office Building

      6,520 SF Office Building, $1.2M
      5875 Lehman Dr, Colorado Springs, CO 80918
      View Details
    • $325,000
      0.70 Acres

      Colorado Springs Land For Sale

      0.7-acre lot with city and mountain views in Colorado Springs.
      Copper Dr, Colorado Springs, CO 80918
      View Details
    • $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
    • $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
    • $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
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      9,998 SF

      Dominion Way Executive Office Suite

      Move-in ready office space in Colorado Springs.
      1980 Dominion Way, Colorado Springs, CO 80918
      View Details
    • $12 SF/Yr
      4,095 SF

      Retail Space in Austin Bluffs

      Retail space available in a prominent shopping center.
      4160-4174 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $16 SF/Yr
      2,278 SF

      Retail Space on Lehman Drive

      Prime commercial space with high visibility and ample parking.
      6217 Lehman Dr, Colorado Springs, CO 80918
      View Details
    • $10 SF/Yr
      1,379 SF

      Retail Space in Colorado Springs

      Neighborhood shopping center with high visibility and strong tenant mix.
      1706 Dublin Blvd, Colorado Springs, CO 80918
      View Details
    • $3,299,000
      3,656 SF

      Pikes Peak Research Park Office

      Office space in Pikes Peak Research Park with lab space.
      5415 Mark Dabling Blvd, Colorado Springs, CO 80918
      View Details
    • $16 SF/Yr
      615 SF

      Remodeled Office Suite For Rent

      Move-in ready office suite with on-site parking and handicap access.
      6295 Lehman Dr, Colorado Springs, CO 80918
      View Details

    Property Visit Statistics

    • Visits by month
      18.1k
    • Visitors by month
      14.0k
    • Avg Time on site
      18 min
    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.
    5027 Academy Blvd
    Colorado Springs, CO 80918-4125
    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.