Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6840 Centennial Blvd Colorado Springs, CO 80919-5115

    • Retail space
    • 6,500 SF
    • 1.33 lot acres
    OFF-MARKET
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0018798
    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.

    Current Use by Public Records

    • Mountain Shadows Liquor / Liquor Store
    • GetCoins Bitcoin ATM / Crypto Atm

    Property Details for 6840 Centennial Blvd

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.33 lot acres
    Property size
    6,500 SF
    Zone code
    PBC HS
    Property type
    Retail space
    APN
    7311306007
    APU
    7311306007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,305,000
      6.5%
      $1,205,000
      7%
      $1,115,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $902,000
      Market price range: $211k - $991k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,365,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,730,000
      Change: +27% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,600,000
      Change: +17% Conversion: Difficult
      MEDICAL BUILDING
      $1,565,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $1,145,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.865
    Latitude
    38.9294
    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
    $22,039
    $147,090
    $257,590
    $404,680
    -
    $527,199
    $923,267
    $1,450,466

    Comparable in this City

    • Value Estimation
      $1,390,000
      8,036 SF

      6150 Corporate Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,036 SF
      6150 Corporate Dr, Colorado Springs, CO 80919-1963
      View Details
    • Value Estimation
      $820,000
      4,351 SF

      7285 Commerce Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,351 SF
      7285 Commerce Ctr Dr, Colorado Springs, CO 80919-2635
      View Details
    • Value Estimation
      $1,145,000
      8,080 SF

      5055 List Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,080 SF
      5055 List Dr, Colorado Springs, CO 80919-3321
      View Details
    • Value Estimation
      $1,335,000
      2,622 SF

      5050 Boardwalk Dr

      CONVENIENCE STORE • 2,622 SF
      5050 Boardwalk Dr, Colorado Springs, CO 80919-3104
      View Details
    • Value Estimation
      $4,415,000
      49,546 SF

      760 Rockrimmon Blvd

      GROCERY, SUPERMARKET • 49,546 SF
      760 Rockrimmon Blvd, Colorado Springs, CO 80919
      View Details
    • Value Estimation by Request
      2,337 SF

      4750 Granby Cir

      FINANCIAL BUILDING • 2,337 SF
      4750 Granby Cir, Colorado Springs, CO 80919-3130
      View Details

    Similar Nearby for Sale

    • $7,126,485
      23,662 SF

      Retail Center in Colorado Springs

      Multi-tenant retail center with stable income and upside potential.
      6660-6660 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • $150,000
      Pending

      Operating Car Wash For Sale

      Operating car wash in a busy shopping area.
      6618 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • $839,000

      Allegheny Drive Commercial Property

      Commercial property available for sale in Colorado Springs, Colorado.
      2480 Allegheny Dr, Colorado Springs, CO 80919
      View Details
    • $3,499,000
      22,684 SF

      Prime Colorado Springs Office/Warehouse

      22,684 SF Multi-Tenant Industrial Property
      5415 Mark Dabling Blvd, Colorado Springs, CO 80919
      View Details
    • $989,900
      5,232 SF

      Colorado Springs Office Building

      Prime location, multi-tenant office building.
      6645 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • $1,100,000

      Kissing Camels Prime Building Lot

      Rare opportunity to build in Kissing Camels with Pikes Peak views.
      3161 Sunnybrook Ln, Colorado Springs, CO 80919
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      1,050 SF

      Retail Space in Safeway Village

      Neighborhood shopping center anchored by Safeway in Colorado Springs.
      820-832 Village Center Dr, Colorado Springs, CO 80919
      View Details
    • $17 SF/Yr
      1,800 SF

      Retail Space in Rockrimmon Center

      Retail space available in established Rockrimmon Shopping Center.
      6602-6616 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • $10 SF/Yr
      2,500 SF

      Retail Center with Lower Level

      Retail spaces available in Colorado Springs near Woodmen and I-25.
      401-493 Windchime Pl, Colorado Springs, CO 80919
      View Details
    • $17 SF/Yr
      2,831 SF

      Retail Space on Woodmen Road

      Available retail space in Colorado Springs.
      888 East Woodmen Rd, Colorado Springs, CO 80919
      View Details
    • $22 SF/Yr
      29,712 SF

      Coutura Center Retail Space Available

      Colorado Springs retail space for lease. Multiple units, flexible sizes.
      6380 Corporate Centre Cir, Colorado Springs, CO 80919
      View Details
    • $18 SF/Yr
      3,780 SF

      Retail Space in Safeway Village

      Neighborhood shopping center anchored by Safeway in Colorado Springs.
      710-728 Village Center Dr, Colorado Springs, CO 80919
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6840 Centennial Blvd
    Colorado Springs, CO 80919-5115
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.