Log In/Sign Up
Your email has been sent.
831 S Circle Dr 11,058 SF 100% Leased Retail Building Colorado Springs, CO 80910 $2,497,408 CAD ($225.85 CAD/SF) 6.75% Cap Rate
EXECUTIVE SUMMARY
This attractive midcentury shopping center sits on busy S Circle, just north of the light at Fountain Blvd. with quick access from Highway 24 and I25 and within close proximity to downtown.
The large 1.56-acre lot provides tons of parking for the center. Interiors have updated finishes. 50-year roof coating installed 2016. Some new HVAC units in 2017.
Below market rents with 3% annual increases. There is 3,170 SF that could be available for an owner occupant of for re-tenanting at a higher rate.
The large 1.56-acre lot provides tons of parking for the center. Interiors have updated finishes. 50-year roof coating installed 2016. Some new HVAC units in 2017.
Below market rents with 3% annual increases. There is 3,170 SF that could be available for an owner occupant of for re-tenanting at a higher rate.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,058 SF
Building Class
B
Year Built
1968
Price
$2,497,408 CAD
Price Per SF
$225.85 CAD
Cap Rate
6.75%
NOI
$168,680 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.56 AC
Zoning
PBC - MX-M - Mixed-Use Medium Scale
Parking
60 Spaces (5.43 Spaces per 1,000 SF Leased)
Frontage
283’ on S Circle Dr
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 64211-18-003 | Total Assessment | $485,976 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
64211-18-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$485,976 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
831 S Circle Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.