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    Property profile & analytics

    8045 Us Hwy 24 Cascade, CO 80809-1033

    • Retail space
    • 3,020 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $1,470,000
    Last Sale
    Nov 30, 2021
    $1,500,000
    Location Intelligence
    Property ID
    US13-0703703
    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

    • Retail space

    Property Details for 8045 Us Hwy 24

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.31 lot acres
    Property size
    3,020 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    8326200054
    APU
    8326200054

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,480,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,600,000
      6.5%
      $1,540,000
      7%
      $1,410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,320,000
      Geo Method
      $1,295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,755,000
      Retail
      $1,610,000
      Mixed-Use
      $1,540,000
      Hospitality
      $1,525,000
      Educational
      $1,365,000
      Residential Income
      $1,620,000
      Energy
      $1,700,000
      Income-Based Land
      $1,620,000
      Food Service
      $1,320,000

    Location Insight

    • Map
    • Local Demand
    City
    Cascade
    County
    El Paso
    State
    Colorado
    Longitude
    -104.971
    Latitude
    38.8962
    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
    $4,491
    $14,400
    $57,850
    $72,250
    -
    $51,621
    $207,334
    $258,955

    Comparable in this City

    • Value Estimation by Request
      400 SF

      8775 Us Hwy 24

      RETAIL STORES (PERSONAL SERVICES) • 400 SF
      8775 Us Hwy 24, Cascade, CO 80809-1335
      View Details
    • Value Estimation by Request
      490 SF

      8635 Us Hwy 24

      RETAIL STORES (PERSONAL SERVICES) • 490 SF
      8635 Us Hwy 24, Cascade, CO 80809-1333
      View Details
    • Value Estimation by Request
      11,382 SF

      2850 Canon Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,382 SF
      2850 Canon Ave, Cascade, CO 80809
      View Details
    • Value Estimation by Request
      1,440 SF

      Pike Peak Toll Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      Pike Peak Toll Rd, Cascade, CO 80809
      View Details
    • Value Estimation by Request
      1,818 SF

      8805 Us Hwy 24

      RETAIL STORES (PERSONAL SERVICES) • 1,818 SF
      8805 Us Hwy 24, Cascade, CO 80809-1337
      View Details
    • Value Estimation
      $130,000
      2,155 SF

      8825 Us Hwy 24

      RETAIL STORES (PERSONAL SERVICES) • 2,155 SF
      8825 Us Hwy 24, Cascade, CO 80809-1337
      View Details

    Similar Nearby for Sale

    • $365,000
      1,020 SF

      Prime Cascade Retail Space

      High-traffic Hwy 24 location, established business.
      7935 24 Hwy, Cascade, CO 80809
      View Details
    • Contact for pricing
      0.12 Acres

      Cascade Retail Space - Hwy 24 Exposure

      Prime Retail Location, High Traffic Area
      7935 Hwy, Cascade, CO 80809
      View Details
    • $1,500,000
      2.35 Acres

      Cascade Retail Gem: Mountain Views & Highway Exposure

      Historic Charm, Versatile Retail Space, Prime Location
      8455 Hwy, Cascade, CO 80809
      View Details
    • $1,500,000
      45.49 Acres

      Cascade Land with Panoramic Views

      46 acres of Colorado landscape with 360-degree views.
      24 Hwy W, Cascade, CO 80809
      View Details
    • $1,812,754
      10,225 SF

      Highway 24 Self Storage Facility

      Profitable Colorado Self Storage Business
      8775 Us-24, Cascade-Chipita Park, CO 80809
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    • $1,500,000
      45.49 Acres

      Breathtaking Colorado Landscape Opportunity

      46 acres of panoramic views near Colorado Springs.
      Us-24, Cascade, CO 80809
      View Details
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    Cascade, CO 80809-1033
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    Realmo Value Estimation

    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.

    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.

    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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