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831 S Circle Dr 11,058 SF 100% Leased Retail Building Colorado Springs, CO 80910 $1,790,000 ($161.87/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 | ANNUAL PER SF |
|---|---|---|
| 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 | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| 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
$1,790,000
Price Per SF
$161.87
Cap Rate
6.75%
NOI
$120,900
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 | $348,320 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
64211-18-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$348,320
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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831 S Circle Dr
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