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3204-3208 E Platte Ave 45,828 SF Retail Building Colorado Springs, CO 80909 $11,694,703 CAD ($255.19 CAD/SF) 7.50% Cap Rate



Matterport 3D Tour
Investment Highlights
- • Well Below (46%) Replacement Cost
- • Strong Corporate Guarantee – this tenant does not do corporate guarantees on most locations, we pushed hard for this
- • Over $780k in recent capital improvements
- • Asking Price Reduced to $8,290,000 | NOI of $621,893
- • New roof on the 29k SF sales center
- • New Extension Recently signed through November, 2031
Executive Summary
Excellent single-tenant NNN leased offering in one of the hottest markets in the country. Blue Compass RV, with over 100 locations nationwide (2nd largest RV Dealership in the country), and located along a high-traffic route (42,800+ vehicles daily), maximizing tenant visibility. This location supports both retail and service operations, ideal for the tenant's large-scale dealership model. With a new lease extension through November 2031, this property offers consistent income potential and a secure, long-term return in the expanding South Central Colorado Springs market.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Land Value Alone - $33/SF
• Asking Price Reduced to $8,290,000 | NOI of $621,893
• Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
• Located in Densely Populated Area
• Corporate Guarantee
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
This particular location consistently ranks among the 9th and 12th best performing branches out of 100+ locations nationwide for Blue Compass. Ideal for a 1031 down leg or any investor wanting long-term appreciation and stability.
We have recently reduced the asking price to $8,290,000, reflecting a NOI of $621,893.
Some highlights to note:
• Land Value Alone - $33/SF
• Asking Price Reduced to $8,290,000 | NOI of $621,893
• Easy Access to all of Colorado Springs Metro via E Platte & N Academy Blvd
• Located in Densely Populated Area
• Corporate Guarantee
• New Extension Recently signed through November, 2031
• Over $780k in recent capital improvements
This particular location consistently ranks among the 9th and 12th best performing branches out of 100+ locations nationwide for Blue Compass. Ideal for a 1031 down leg or any investor wanting long-term appreciation and stability.
Matterport 3D Tour
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Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
45,828 SF
Building Class
C
Year Built/Renovated
1975/2022
Price
$11,694,703 CAD
Price Per SF
$255.19 CAD
Cap Rate
7.50%
NOI
$877,103 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
5.60 AC
Opportunity Zone
Yes
Zoning
MX-L - MIXED-USE LARGE SCALE
Parking
283 Spaces (6.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Fenced Lot
- Pylon Sign
- Signage
- Signalized Intersection
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2025 Population
15,266
124,732
280,787
456,859
2030 Population
15,536
126,912
285,967
464,769
2025-2030 Projected Population Growth
1.8%
1.8%
1.8%
1.7%
Median Age
36.6
36.0
36.4
36.7
College Degree + Higher
17%
25%
28%
22%
Daytime Employees
9,947
64,941
152,701
223,482
Total Businesses
1,289
9,548
20,293
30,550
Average Household Income
$67,810
$81,271
$88,839
$98,627
Median Household Income
$50,385
$64,588
$69,977
$77,400
Total Consumer Spending
$161.5M
$1.5B
$3.5B
$6B
2025 Households
6,638
52,336
115,911
184,698
Average Home Value
$356,404
$409,122
$428,560
$472,601
$ values in USD
Nearby Major Retailers
Property Taxes
| Parcel Number | 64103-21-049 | Total Assessment | $1,101,827 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
64103-21-049
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,101,827 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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3204-3208 E Platte Ave
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