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Property profile & analytics
FOR LEASE
High-rise multifamily apartments

655 S Sierra Madre St Colorado Springs, CO 80903

437,629 SF 3.03 ac lot Built 2022
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US13-2647299
Property summary
AI-generated overview

This exceptional retail property, located at 655 S. Sierra Madre St in Colorado Springs, CO 80903, offers 11,939 square feet of versatile commercial space currently fully vacant and available for lease. The property is ideally suited for a variety of uses, including restaurants, retail stores, bars, and nail salons, reflecting its flexible zoning and adaptable layout. Units are divisible to a minimum of 1,200 square feet, allowing for customization to meet diverse business needs, with larger spaces available up to 7,200 square feet. The building's prime location benefits from its proximity to a thriving mixed-use development, encompassing Weidner Field, over 1,181 residential units across three phases, and more than 40,000 square feet of retail space along Sierra Madre and Moreno Plaza. A beautiful pedestrian walkway further enhances the area's appeal and walkability, creating a vibrant and attractive environment for businesses and customers alike. This presents a unique opportunity to establish a presence in a rapidly growing and dynamic Colorado Springs neighborhood with significant foot traffic and residential density. The property's size and flexibility make it an excellent investment for both established businesses seeking expansion and new ventures looking for a strong foothold in a desirable market. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

Property profile
Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2022
Total area 437,629 SF
Lot 3.03 ac (131,987 SF)
Zoning code FBZ-CEN
APN 6418324045
UPID US13-2647299
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
  • Experience at Epicenter Apartments Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.78M
Owner & transaction history
City Gate Apartments I LLC · 4 yrs held
City Gate Apartments I LLC
since 2022
2 recorded transactions
2026
Price N/A
2022
Price N/A
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

$1e

Zone name Form Based Central
General category UNKNOWN
Zone area 272.36 ac
Source Realmo
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