Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8666 N Union Blvd Colorado Springs, CO 80920
    Back to Search
    Property profile & analytics

    8666 N Union Blvd, Colorado Springs, CO 80920

    View on Map
    • Strip malls
    • 11,200 SF
    • 1.15 lot acres
    For Lease
    $26 SF/Yr
    View Listing →
    Retail Space in Union Center For Lease
    $26 SF/Yr
    1,400 SF

    Retail Space in Union Center

    Retail space available in busy Colorado Springs shopping center.

    8666 N Union Blvd, Colorado Springs, CO
    View Listing
    Property ID
    US13-2820951
    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

    • Subway / Take-out & Catering / Catering Service

    Property Details for 8666 N Union Blvd

    Year built
    2002
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.15 lot acres
    Zone code
    PBC/CR
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    6234305009
    APU
    6234305009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 13, 2025 — Union Gerrity Bridge LLC — Deed · related $11.5M · Gsf Lender LLC
    Feb 7, 2025 $16,950,000 Union Gerrity Bridge LLC Netreit Utc LLC Special Warranty Deed —
    Dec 26, 2014 $10,800,000 Netreit Utc LLC Union Town Center LLC Special Warranty Deed —
    Jun 17, 2004 $8,000,000 Georgette J Ashkar Rimfirel 7 INC Grant Deed —
    Mar 5, 2004 $5,500,000 Union Town Center LLC Ws Briargate Associates LLC Grant Deed —
    — — Rimfire17 INC — Deed Of Trust · related $750k · Horizons Banks NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.766
    Latitude
    38.9581
    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
    $156,530
    $500,260
    $656,790
    -
    $561,053
    $1,793,039
    $2,354,092

    Comparable in this City

    • Value Estimation
      $3,000,000
      24,485 SF

      1725 Briargate Blvd

      SHOPPING CENTER, STRIP CENTER
      1725 Briargate Blvd, Colorado Springs, CO 80920-3474
      View Details
    • Value Estimation
      $1,515,000
      8,378 SF

      7587 Academy Blvd

      SHOPPING CENTER, STRIP CENTER
      7587 Academy Blvd, Colorado Springs, CO 80920-3200
      View Details
    • Value Estimation
      $870,000
      4,797 SF

      460 Chapel Hls Dr

      SHOPPING CENTER, STRIP CENTER
      460 Chapel Hls Dr, Colorado Springs, CO 80920-7241
      View Details
    • Value Estimation
      $1,155,000
      6,000 SF

      9275 Un Blvd

      SHOPPING CENTER, STRIP CENTER
      9275 Un Blvd, Colorado Springs, CO 80920-7832
      View Details
    • Value Estimation
      $990,000
      6,620 SF

      3560 Woodmen Rd

      SHOPPING CENTER, STRIP CENTER
      3560 Woodmen Rd, Colorado Springs, CO 80920-2106
      View Details
    • Value Estimation
      $920,000
      4,534 SF

      5680 Woodmen Rd

      SHOPPING CENTER, STRIP CENTER
      5680 Woodmen Rd, Colorado Springs, CO 80920-5206
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,390 SF

      Former Restaurant Space For Sale

      Former KFC restaurant space available near Chapel Hills Mall.
      8115 Dorothy Ln, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Colorado Springs Land Parcel

      2.1-acre land parcel in northern Colorado Springs.
      1860 Office Club Pt, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Colorado Springs Land Parcel For Sale

      2.1 acre land parcel in northern Colorado Springs.
      1860 Office Club Pt, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      21,030 SF

      Versatile Office/Flex Building For Sale

      Office/flex building with flexible configuration options in Mountain Vista.
      8145-8245 N Union Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      7,347 SF

      Medical Office Condominiums For Sale

      Class A medical office condominiums leased to The Colorado Dermatology Institute.
      8580 Scarborough Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Land Available For Purchase

      Land available for purchase in Colorado Springs.
      7610 Union Blvd N, Colorado Springs, CO 80920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,050 SF

      Retail Space in High-Traffic Area

      Multi-tenant retail space in a high-traffic Colorado Springs location.
      9121 Highland Ridge Hts, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Power Peak

      Prominent retail center space for lease on Powers Blvd.
      5620 E Woodmen Rd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      6,526 SF

      Prime Retail Space Available

      Retail space in a dynamic 156,000 SF shopping center.
      1709-1790 E Woodmen Rd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Retail Space in Woodmen Commons

      Inline retail space available in established shopping center.
      1790 East Woodmen Rd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Union Center

      Retail space available in busy Colorado Springs shopping center.
      8666 N Union Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Retail Space Near Chapel Hills

      Retail space in Colorado Springs near major shopping centers.
      9475 Briar Village Pt, Colorado Springs, CO 80920
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      2.5k
    • Avg Time on site
      16 min
    View Listing
    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.
    8666 N Union Blvd
    Colorado Springs, CO 80920
    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

    Thank You for Inquiry
    8666 N Union Blvd, Colorado Springs, CO, 80920
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!