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    6502 S Academy Blvd Colorado Springs, CO 80906
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    Property profile & analytics

    6502 S Academy Blvd, Colorado Springs, CO 80906

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    • Strip malls
    • 20,612 SF
    • 2.89 lot acres
    For Lease
    $18 SF/Yr
    View Listing →
    Retail Space Near Fort Carson For Lease
    $18 SF/Yr
    1,570 SF

    Retail Space Near Fort Carson

    Retail space in Safeway-anchored center, Broadmoor Bluffs neighborhood.

    6502 S Academy Blvd, Colorado Springs, CO
    View Listing
    Property ID
    US13-0980695
    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

    • El Super Taco Mariscos / Restaurant

    Property Details for 6502 S Academy Blvd

    Year built
    1998
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.89 lot acres
    Zone code
    PBC HS
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    6506410079
    APU
    6506410079

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 29, 2017 — Addison Cheyenne LLC — Deed · related $7.4M · Goldman-sachs Mtg
    Aug 22, 2007 $11,000,000 Addison Cheyenne LLC Cheyenne Montana Prop Owners L Grant Deed · related $7.6M · Countrywide Com'l R E Fin
    Jan 8, 2007 — Montana Prop Owners L Cheyenne Vanzee,valentine Grant Deed · related —
    Dec 28, 2006 $442,571 Valentine Vanzee Diamante Investments LLC Grant Deed —
    Dec 28, 2006 $274,067 Valentine Vanzee Defeyter,james R Grant Deed —
    Dec 28, 2006 — Diamante Investments LLC Cheyenne Montana Prop Owners L Grant Deed · related —
    Feb 2, 2006 $320,261 Boone & Wolfe LLC Benson,warren Grant Deed —
    Feb 2, 2006 — Warren Benson Cheyenne Montana Prop Owners L Grant Deed · related —
    Nov 20, 2002 $8,050,000 Diamante Investments LLC Cheyenne Montana LLP Grant Deed —
    Sep 22, 2000 — Cheyenne Montana LLP — Grant Deed · related $250k · Pueblo Bank & Trust Co
    — — Addison Cheyenne LLC — Deed Of Trust · related $7.4M · Goldman-sachs Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,280,000
      6.5%
      $3,950,000
      7%
      $3,670,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,495,000
      Current use
      AUTO REPAIR, GARAGE
      $5,075,000
      Change: -8% Conversion: Difficult
      MEDICAL BUILDING
      $4,960,000
      Change: -10% Conversion: Difficult
      OFFICE BUILDING
      $4,400,000
      Change: -20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.815
    Latitude
    38.7678
    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
    $275,710
    $1,841,120
    $2,116,830
    -
    $988,221
    $6,598,979
    $7,587,200

    Comparable in this City

    • Value Estimation
      $2,800,000
      7,738 SF

      1783 Cheyenne Mtn Blvd

      SHOPPING CENTER, STRIP CENTER
      1783 Cheyenne Mtn Blvd, Colorado Springs, CO 80906-4030
      View Details
    • Value Estimation
      $2,125,000
      12,780 SF

      4451 Venetucci Blvd

      SHOPPING CENTER, STRIP CENTER
      4451 Venetucci Blvd, Colorado Springs, CO 80906-4053
      View Details
    • Value Estimation
      $1,440,000
      15,846 SF

      1785 B St

      SHOPPING CENTER, STRIP CENTER
      1785 B St, Colorado Springs, CO 80906-5365
      View Details
    • Value Estimation
      $2,715,000
      21,616 SF

      710 Cheyenne Mdws Rd

      SHOPPING CENTER, STRIP CENTER
      710 Cheyenne Mdws Rd, Colorado Springs, CO 80906-4943
      View Details
    • Value Estimation
      $1,875,000
      11,400 SF

      2002 Southgate Rd

      SHOPPING CENTER, STRIP CENTER
      2002 Southgate Rd, Colorado Springs, CO 80906-2690
      View Details
    • Value Estimation
      $665,000
      6,600 SF

      1807 B St

      SHOPPING CENTER, STRIP CENTER
      1807 B St, Colorado Springs, CO 80906-5300
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Established Neighborhood Strip Center ForSale

      Neighborhood strip center with four tenants and billboard lease.
      1807 B St, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      7,820 SF

      Freestanding Restaurant Building For Sale

      7,820 SF restaurant on 1.99 AC, various uses.
      2510 Tenderfoot Hill St, Colorado Springs, CO 80906
      View Details
    • Contact for pricing

      Retail Property with Established Tenants

      Retail property with four tenants and signage rent income.
      1807 B St, Colorado Springs, CO 80906
      View Details
    • Contact for pricing

      Broadmoor Hills Park Land Parcel

      Large lot in desirable Broadmoor Hills Park neighborhood.
      4330 Grantham Ct, Colorado Springs, CO 80906
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase in Colorado Springs, Colorado.
      2886 S Circle Dr, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      1,600 SF

      Land For Sale

      Land available for sale.
      Hwy 115 & Norad Rd, Colorado Springs, CO 80906
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Prime Retail Spaces Available

      Restaurant and retail spaces in Broadmoor Towne Center.
      2130 Southgate Rd, Colorado Springs, CO 80906
      View Details
    • Contact for pricing

      3625 Star Ranch Rd, Colorado Springs, CO 80906

      Shopping centers
      3625 Star Ranch Rd, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      1,075 SF

      Retail Space with Major Tenants

      Retail space available near Target, OfficeMax, PetCo, and Starbucks.
      1670 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      700 SF

      Retail Space in Cheyenne Hills

      Retail space available in prominent Colorado Springs shopping center.
      445-455 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      1,408 SF

      Retail Space Near Fort Carson

      Retail space in Safeway-anchored center, Broadmoor Bluffs neighborhood.
      6502 S Academy Blvd, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      7,738 SF

      Retail Space in Cheyenne Mountain Center

      Retail space available in Cheyenne Mountain Center Business District.
      1783-1785 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906
      View Details
    View Listing
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    Colorado Springs, CO 80906
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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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