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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8020 Academy Blvd Colorado Springs, CO 80920-3921

    • Drive through restaurants
    • 2,439 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0044549
    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

    • Del Taco / American Restaurant / Breakfast Restaurant
    • Chapel hills commons / Shopping Mall

    Property Details for 8020 Academy Blvd

    Year built
    1987
    Construction
    WOOD FRAME
    Lot size
    0.63 lot acres
    Property size
    2,439 SF
    Zone code
    C5 P
    Property type
    Drive through restaurants
    APN
    6305203008
    APU
    6305203008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $271,000
      Market price range: $139k - $286k

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.803
    Latitude
    38.9475
    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
    $15,223
    $147,190
    $100,820
    $248,010
    -
    $527,566
    $361,359
    $888,925

    Comparable in this City

    • Value Estimation
      $365,000
      3,130 SF

      8080 Academy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,130 SF
      8080 Academy Blvd, Colorado Springs, CO 80920-3921
      View Details
    • Value Estimation
      $325,000
      2,269 SF

      1485 Jamboree Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,269 SF
      1485 Jamboree Dr, Colorado Springs, CO 80920-3939
      View Details
    • Value Estimation
      $420,000
      3,882 SF

      3725 Woodmen Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,882 SF
      3725 Woodmen Rd, Colorado Springs, CO 80920-4192
      View Details
    • Value Estimation
      $310,000
      2,255 SF

      7970 Academy Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,255 SF
      7970 Academy Blvd, Colorado Springs, CO 80920-3902
      View Details
    • Value Estimation
      $290,000
      2,681 SF

      8310 Razorback Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,681 SF
      8310 Razorback Rd, Colorado Springs, CO 80920-3953
      View Details
    • Value Estimation
      $390,000
      3,750 SF

      3705 Woodmen Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,750 SF
      3705 Woodmen Rd, Colorado Springs, CO 80920-4192
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21.10 Acres

      Briargate Crossing East Lot BX-5

      Prime Retail Pad Site, Colorado Springs
      0 Powers Blvd, Colorado Springs, CO 80920
      View Details
    • $1,500,000
      3,390 SF

      Prime QSR Location - Colorado Springs

      Profitable KFC Space, Owner/User Opportunity
      8115 Dorothy Ln, Colorado Springs, CO 80920
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    • Contact for pricing
      11.86 Acres

      Gastonia Retail Space For Lease

      Prime Retail/Office, High Visibility, 299 SF
      0 Swc Un Blvd. And Powers Blvd, Colorado Springs, CO 80920
      View Details
    • $1,250,000
      2.10 Acres

      Colorado Springs Commercial Land

      2.1-acre prime development site.
      1860 Office Club Pt, Colorado Springs, CO 80920
      View Details
    • $1,500,000
      15.38 Acres

      Colorado Springs Development Land

      15 Acres, Prime Location, High Visibility
      0 Tbd Nwc Of Austin Blf Pkwy And Woodmen Rd, Colorado Springs, CO 80920
      View Details
    • $1,380,000
      15 SF

      Development Land at Prime Intersection

      Highly visible land suitable for various commercial developments.
      Nwc Of Austin Blf Pkwy And Woodmen Rd, Colorado Springs, CO 80920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,380 SF

      Retail Space Near I-25

      3,390 SF retail space with drive-thru potential near I-25.
      8115 Dorothy Ln, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      15,000 SF

      Restaurant/Retail Space For Lease

      Up to 8,000 SF restaurant/retail space available for lease.
      Chapel Hills Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      562,733 SF

      Chapel Hills Mall Retail Space

      Prime El Paso County retail space, multiple units available.
      1710 Briargate Blvd, Colorado Springs, CO 80920
      View Details
    • $34 SF/Yr
      3,200 SF

      Retail Space For Lease

      Retail space available for lease in Colorado Springs.
      7390-7450 N Academy Blvd, Colorado Springs, CO 80920
      View Details
    • $32 SF/Yr
      5,000 SF

      Pine Creek Village Center Retail Space

      Prime Briargate retail, 1,440-3,200 sq ft.
      460 Chapel Hills Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      250,000 SF

      Highlands at Briargate Office Space

      Prime Colorado Springs Creative Office
      0 Chapel Hills Dr, Colorado Springs, CO 80920
      View Details
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    8020 Academy Blvd
    Colorado Springs, CO 80920-3921
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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.

    More about this property
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