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258-262 S. Academy Blvd. 260 S Academy Blvd 19,920 SF 100% Leased Retail Building Colorado Springs, CO 80910 $3,493,948 CAD ($175.40 CAD/SF) 7.13% Cap Rate
Executive Summary
258-262 South Academy Blvd. is located in the east central section of Colorado Springs. The area is part of a medium-sized shopping center just to the north of Airport Road.
The site consists of 60,750 square feet of ground zoned MX-M CU UV SS AO* and is adjacent to the intersection of Airport Road and South Academy Blvd.
The property is improved with a 19,920 square feet prestress concrete warehouse/office/retail building with a 20' clear ceiling height. The structure was constructed in 1997 with a 537 square feet mezzanine. The building contains (2) 7'x10' dock doors and had a new roof installed in 2012. Other improvements include 6" reinforced concrete floors and complete buildout for Sherwin Williams Paint Store and a church space which includes a stage. The entire lot consists of asphalt paved parking and a loading area.
Sherwin Williams Paint Company is a national paint company and has occupied the building since 1997. Sherwin has 7 years remaining on their extended term. International Ministries New Destiny is a multi-cultural church with a congregation of 300 people at their Pueblo location. This tenant is being kept on month to month for a potential owner/user to occupy their 12,000 SF space.
The site consists of 60,750 square feet of ground zoned MX-M CU UV SS AO* and is adjacent to the intersection of Airport Road and South Academy Blvd.
The property is improved with a 19,920 square feet prestress concrete warehouse/office/retail building with a 20' clear ceiling height. The structure was constructed in 1997 with a 537 square feet mezzanine. The building contains (2) 7'x10' dock doors and had a new roof installed in 2012. Other improvements include 6" reinforced concrete floors and complete buildout for Sherwin Williams Paint Store and a church space which includes a stage. The entire lot consists of asphalt paved parking and a loading area.
Sherwin Williams Paint Company is a national paint company and has occupied the building since 1997. Sherwin has 7 years remaining on their extended term. International Ministries New Destiny is a multi-cultural church with a congregation of 300 people at their Pueblo location. This tenant is being kept on month to month for a potential owner/user to occupy their 12,000 SF space.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
19,920 SF
Building Class
C
Year Built/Renovated
1969/2012
Price
$3,493,948 CAD
Price Per SF
$175.40 CAD
Cap Rate
7.13%
NOI
$249,048 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Lot Size
1.39 AC
Zoning
MX-M CU UV SS AO - MX-M mixed-use zoning near Airport Rd & S Academy supports a range of retail, office and warehouse uses; verify permitted uses with the City.
Parking
43 Spaces (2.16 Spaces per 1,000 SF Leased)
Frontage
198’ on Academy Blvd
Amenities
- 24 Hour Access
- Corner Lot
- Mezzanine
- Signage
- Signalized Intersection
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
21,365
117,500
267,821
2030 Population
22,033
119,776
272,690
2025-2030 Projected Population Growth
3.1%
1.9%
1.8%
Median Age
32.9
34.9
35.9
College Degree + Higher
16%
21%
27%
Daytime Employees
6,225
53,343
139,132
Total Businesses
832
7,432
17,991
Average Household Income
$62,189
$78,096
$87,069
Median Household Income
$50,700
$63,774
$69,099
Total Consumer Spending
$205.8M
$1.3B
$3.3B
2025 Households
8,680
47,148
109,183
Average Home Value
$312,041
$362,864
$418,607
$ values in USD
Nearby Major Retailers
Property Taxes
| Parcel Number | 64154-14-002 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $543,897 CAD |
Property Taxes
Parcel Number
64154-14-002
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$543,897 CAD
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258-262 S. Academy Blvd. | 260 S Academy Blvd
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