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Property profile & analytics
FOR LEASE
Strip malls

522 S Academy Blvd Colorado Springs, CO 80910

9,539 SF 2.81 ac lot Built 1996
Entity Owned 15-yr Hold Free & Clear
Property ID
US13-0045191
Property summary
AI-generated overview

This exceptional retail property, located at 522-586 S Academy Blvd in El Paso County, offers a unique opportunity for multiple tenants. The single-story building boasts a total of 26,465 square feet, with three available suites ranging from 1,272 to 5,300 square feet. Currently, 10,355 square feet are vacant, presenting a prime chance to establish or expand your business in a thriving location. The property benefits from excellent visibility on South Academy Boulevard, which experiences a high volume of daily traffic (24,844 vehicles per day). Its strategic location provides convenient access to key areas, including a short 16-minute drive to Colorado Springs Airport and an 11-minute drive to downtown Colorado Springs. The existing tenant mix offers a unique and complementary environment for prospective businesses. The property is zoned PBC/CR A0. This is an ideal opportunity for businesses seeking high visibility and convenient access to a major thoroughfare and key city amenities. The building's single-story design and ample suite sizes offer flexibility for a variety of retail concepts. Don't miss this chance to secure your space in this well-positioned retail center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,539 SF
Lot 2.81 ac (122,404 SF)
Zoning code PBC/CR AO
APN 6422109009
UPID US13-0045191
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
  • El Rey Del Taco Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.03M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.73M
Owner & transaction history
Fairway Plaza LLC · 15 yrs held
Fairway Plaza LLC
since 2010
7 recorded transactions
2019
Price N/A
2016
Price N/A
2011
Price N/A
2010
Price N/A
2009
Price N/A
2007
$3.3M
2000
Price N/A
Zoning & alternative use
PBC/CR AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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