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Property profile & analytics
FOR LEASE
Retail space
570 N Murray Blvd Colorado Springs, CO 80915
Entity Owned
12-yr Hold
Free & Clear
Property ID
US13-0345721
For Lease
1 / 8
$13.50 SF/Yr
570 N Murray Blvd, Colorado Springs, CO 80915
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Property summary
AI-generated overview
This exceptional 5,456-square-foot freestanding retail building presents a remarkable leasing opportunity in Colorado Springs' thriving Colorado Springs Central submarket. Situated on a 0.57-acre lot (24,816 square feet) at the highly visible intersection of N Murray Blvd and E Platte Ave, this property boasts unparalleled exposure to over 80,000 vehicles per day. Built in 1999, the single-story structure offers a flexible floor plan suitable for a diverse range of uses, including medical, dental, financial, automotive, quick-service restaurants (QSR), and other retail businesses. The MX-M AO zoning provides versatility for potential tenants. The property features ample parking and convenient access, a rare combination in this competitive market. This is a single-tenant building with the entire 5,456 square feet currently vacant. Located in El Paso County, Colorado, with a zip code of 80909, this property offers an ideal location for businesses seeking high visibility and convenient access for customers. The address is 570 N Murray Blvd, Colorado Springs, CO.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
WOOD FRAME
Total area
5,456 SF
Lot
0.57 ac (24,816 SF)
Zoning code
PBC AO
APN
6411307066
UPID
US13-0345721
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.01M
Comparable Approach
Comparable
$545k
Blend (final)
Blend
$780k
Owner & transaction history
Murray Retail LLC · 12 yrs held
Murray Retail LLC
since 2013
4 recorded transactions
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+1.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,095,000
6.5%
$1,010,000
7%
$940,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,145,000
Current use
OFFICE BUILDING
$1,165,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$780k
Range $702k – $858k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,922
Tax year 2023
Assessed value
$244,220
Assessed 2023
Previous assessed
$244,220
+0.0% YoY
Effective rate
5.29%
On assessed value
Assessed land
$81,010
Assessed improvement
$163,210
Land market value
$290,347
Improvement market value
$584,995
Total market value
$875,342
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
5,456 SF
Lot
0.57 ac (24,816 SF)
Zoning code
PBC AO
APN
6411307066
UPID
US13-0345721
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, CO
Zoning PBC AO · permitted uses
PBC AO · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.57 ac
Current owner
From public records · entity-resolved
Murray Retail LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1365 GDN OF THE GODS RD STE #150, COLORADO SPRINGS, CO 80907-3422
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2013
—
Murray Retail LLC
Bonnyville Construction Co
Grant Deed
—
Sep 20, 1999
$1,265,000
Bonnyville Construction Co
Sitbul LLC
Grant Deed
—
—
—
Bonnyville Construction Co
—
Deed Of Trust
related
$250,000 · Us Bank NA
—
—
Bonnyville Construction Co
—
Deed Of Trust
related
$506,699 · Courtney R Wolfe
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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