12229 Voyager PkwyColorado Springs, CO 80921

Property Details for 12229 Voyager Pkwy

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.26 AC

Property size (Sq ft)

10,072 SF

Zone code

PBC CU

Property type

Strip malls

Property subtype

Neighborhood centers

APN

6217203033

APU

6217203033

Description

This exceptional 2,136 square foot retail space is ideally situated in the bustling Northgate Village shopping center in Colorado Springs, Colorado. Located at 12229 Voyager Parkway, zip code 80921, this single-tenant property offers unparalleled visibility from Voyager Parkway and convenient access for customers. The property is categorized as a retail space, specifically a shopping center and restaurant space, within El Paso County. Its prime location within Northgate Village benefits from significant foot traffic and high visibility, surrounded by established and successful businesses such as Sushi Ato, Zapatos, The Parkway Tavern, Goat Patch Brewery, Mail Stop, Coffee Zone, and Fyzical Therapy & Balance Centers. This vibrant shopping and dining destination serves a rapidly expanding community in the Northeast Corridor of Colorado Springs, ensuring a strong customer base and high potential for success. The property's single-tenant occupancy provides a straightforward and manageable investment opportunity. This location presents a unique chance to establish or expand a retail business in a thriving and well-established commercial area. The property's size and location make it suitable for a variety of retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $3,238,544

  6.5%

  $2,989,425

  7%

  $2,775,894

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,097,015

  Geo Method

  $2,097,015

• Alternative Use

  Use

  Valuation

  Residential

  $2,521,692

  Hospitality

  $2,309,856

  Educational

  $1,921,773

  Medical

  $1,987,866

  Retail

  $2,989,425

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

39.0099

Longitude

-104.807

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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