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17-21 N Circle Dr
Colorado Springs, CO 80909
Volume Springs Center · Retail Property For Sale
Executive Summary
This property is described by the El Paso County Tax Assesor as a 5,920 square feet retail strip center. There are
3 tenants who pay $6,880 per month = $82,560 in combined annual rent. The expenses are: (taxes = $14,487) +
(insurance = $13,397) + (utilities = $6,095) + ((maintenance = $4,800 (includes snow removal, trash service, misc.)) +
(property management = 10% = $8,256) = $82,560 - $47,035 = Net Operating Income = $35,525.
This is a good property that’s been well maintained in a good location. The asking price is $850,000 which is $143.58
per square foot which is well below replacement cost estimated to be $250 per square feet The lot is 21,257 square
feet. It’s zoned MX-M-CU which allows for a variety of use, but is primarily zoned for retail.
3 tenants who pay $6,880 per month = $82,560 in combined annual rent. The expenses are: (taxes = $14,487) +
(insurance = $13,397) + (utilities = $6,095) + ((maintenance = $4,800 (includes snow removal, trash service, misc.)) +
(property management = 10% = $8,256) = $82,560 - $47,035 = Net Operating Income = $35,525.
This is a good property that’s been well maintained in a good location. The asking price is $850,000 which is $143.58
per square foot which is well below replacement cost estimated to be $250 per square feet The lot is 21,257 square
feet. It’s zoned MX-M-CU which allows for a variety of use, but is primarily zoned for retail.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,920 SF
Building Class
C
Year Built
1977
Price
$1,199,095 CAD
Price Per SF
$202.55 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.49 AC
Zoning
MX-M-CU
Parking
40 Spaces (6.76 Spaces per 1,000 SF Leased)
Frontage
79’ on N Circle Dr
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 64152-20-031 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $275,790 CAD |
Property Taxes
Parcel Number
64152-20-031
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$275,790 CAD
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