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    5617 Barnes Rd Colorado Springs, CO 80917
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    5617 Barnes Rd Colorado Springs, CO 80917

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    • Grocery and convenience stores
    • 29,898 SF
    • 0.69 lot acres
    For Lease
    $2,825,000
    View Listing →
    Retail Endcap with Patio Seating For Lease
    $2,825,000
    1,200 SF

    Retail Endcap with Patio Seating

    1,200 SF retail space in Class A shopping center.

    5617 Barnes Rd, Colorado Springs, CO 80917
    View Listing
    Property ID
    US13-2351334
    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
    Location Intelligence

    Current Use by Public Records

    • Sprouts Farmers Market / Grocery & Convenience Store / Food Market

    Property Details for 5617 Barnes Rd

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.69 lot acres
    Property size
    29,898 SF
    Zone code
    PBC/CR AO
    Property type
    Grocery and convenience stores
    APN
    6325113009
    APU
    6325113009

    Description

    Powers Pointe, a Class A retail strip center located at 5617 Barnes Rd, Colorado Springs, CO 80917, presents a unique opportunity. This 106,684 square foot property boasts a prime location at the intersection of Barnes Rd and Barnes and Powers Blvd, within the Colorado Springs submarket. Currently, there is 3,600 square feet of vacant space available, ideal for a variety of retail uses. This space is an endcap unit and includes desirable patio seating, perfect for businesses that benefit from outdoor space. The center enjoys significant daytime traffic, providing excellent visibility and accessibility for potential tenants. The strong co-tenancy within this established shopping center ensures a vibrant and successful retail environment. This is the last remaining vacancy in this high-demand location, making it a truly exceptional opportunity for businesses seeking a prominent presence in a thriving Colorado Springs market. The property's Class A designation reflects its high-quality construction and modern amenities. Don't miss this chance to secure a space in a premier retail destination.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.723
    Latitude
    38.893
    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
    $89,331
    $130,550
    $656,040
    $786,590
    -
    $467,931
    $2,351,407
    $2,819,338

    Comparable in this City

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      1,296 SF

      4803-4805 Barnes Rd

      CONVENIENCE STORE • 1,296 SF
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      3,010 SF

      3502 Academy Blvd

      CONVENIENCE STORE • 3,010 SF
      3502 Academy Blvd, Colorado Springs, CO 80917-5088
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      $725,000
      2,980 SF

      4085 Beverly St

      CONVENIENCE STORE • 2,980 SF
      4085 Beverly St, Colorado Springs, CO 80917-4901
      View Details
    • Value Estimation
      $9,250,000
      4,973 SF

      5771 Carefree Cir

      CONVENIENCE STORE • 4,973 SF
      5771 Carefree Cir, Colorado Springs, CO 80917-2755
      View Details
    • Value Estimation
      $12,940,000
      50,279 SF

      3515 Carefree Cir, Unit 3584

      GROCERY, SUPERMARKET • 50,279 SF
      3515 Carefree Cir, Colorado Springs, CO 80917-2802
      View Details

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      Retail Strip Center For Sale

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      Prime Commercial Land on Academy

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    Similar Nearby for Lease

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      4,294 SF

      Colorado Springs Retail/Office Space

      Office and retail spaces with high visibility and accessibility.
      4440-4474 Barnes Rd, Colorado Springs, CO 80917
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      Retail Space Near Doherty High

      Retail space with high visibility and easy access.
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      Retail Space in Shopping Center

      Retail space available in shopping center anchored by Sprouts.
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    • Contact for pricing
      1,200 SF

      5677-5687 Barnes Rd, Colorado Springs, CO

      Shopping centers • 1,200 SF
      5677-5687 Barnes Rd, Colorado Springs, CO 80917
      View Details
    View Listing
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    Colorado Springs, CO 80917
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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.

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    5617 Barnes Rd, Colorado Springs, CO, 80917
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