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

5035 Academy Blvd 5059 Colorado Springs, CO 80918-4125

19,837 SF 0.54 ac lot Built 1978
Entity Owned 22-yr Hold ~ Est. High Equity
Property ID
US13-0799683
Property summary
AI-generated overview

This exceptional retail property, Union Square, located at 5035 N Academy Blvd in Colorado Springs, CO 80918, presents a unique investment opportunity. The single-story, 64,178 square foot strip center, built in 1978, sits on a 1.8-acre lot and boasts a prime location at a major intersection, offering unparalleled visibility. The property features three suites, with a significant amount of vacant space totaling 45,715 square feet. This allows for flexibility, accommodating both anchor and junior anchor tenants. Minimum leasable space is 2,294 square feet, with a maximum contiguous space of 41,621 square feet. The property is zoned MX-M, PBC, and benefits from its position in the CO - Colorado Springs Central submarket. Tenants will enjoy excellent views of Pikes Peak and the Colorado Springs front range. Pylon signage is available, and tenant improvement allowances and free rent are negotiable based on creditworthiness. This property offers a rare chance to establish a strong retail presence in a high-traffic area of Colorado Springs. The property's location provides exceptional exposure to a large customer base, making it an ideal location for businesses seeking high visibility and accessibility. The substantial vacant space presents a blank canvas for creative tenant build-outs, tailored to specific business needs. Don't miss this opportunity to secure a prominent retail space in a thriving Colorado Springs market.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1978
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 19,837 SF
Lot 0.54 ac (23,630 SF)
Zoning code PBC
APN 6322214037
UPID US13-0799683
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
  • ProLogistix Logistics Company Freight Service
  • Ambrose Family Health Consultants Spiritual Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.62M
Blend (final) Blend
$2.00M
Owner & transaction history
Abmar Gk Us LLC · 22 yrs held
Abmar Gk Us LLC
since 2004
3 recorded transactions
2016
Price N/A
2004
$4.3M
1969
Price N/A
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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