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Norwood Shopping Center

Off-Market

7055 Austin Bluffs Pkwy, Colorado Springs, CO 80923

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  • Property Type Retail - Neighborhood Center
  • Property Size 73,432 SF
  • Lot Size 10.37 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2003

Location

  • Walk Score ® Somewhat Walkable (50)
  • Transit Score ® No Nearby Transit
  • Bike Score ® Somewhat Bikeable (37)
Powered by Walk Score ®
  • City Colorado Springs, CO
  • Neighborhood Wagon Trails
  • Zip Code 80923
  • Market Denver

Points of Interest

ChargePoint

0.92 miles

eVgo

1.00 miles

ChargePoint

2.73 miles

Conoco

2.81 miles

7-Eleven

3.04 miles

eVgo

3.28 miles

Kum & Go

4.64 miles

7-Eleven

5.08 miles

Domino's EV Charger

5.20 miles

Valero

5.28 miles

Trailhead Parking

3.88 miles

Lot 230

4.48 miles

C-1

7.31 miles

W-6

7.62 miles

W-8

7.66 miles

City Hall Surface Lot

8.02 miles

Old Colorado City Surface Lot

9.02 miles

Airport Employee parking

9.54 miles

Lower Sijan Parking

9.58 miles

Valet Parking Lot

9.59 miles

MOD Pizza

1.23 miles

Taco Bell

2.33 miles

Raising Cane's

2.88 miles

Einstein Bros. Bagels

3.50 miles

Wade's Cafe

3.58 miles

Ted's Montana Grill

3.70 miles

Five Guys

3.73 miles

Golden Corral

5.18 miles

Garden Cafe Chinese Food

5.38 miles

Cheddar's

5.57 miles

King Soopers

1.87 miles

King Soopers

2.37 miles

Big Lots

2.69 miles

Target

2.85 miles

Burlington

2.94 miles

Target

2.96 miles

Marshalls

3.01 miles

Chapel Hills Mall

3.22 miles

Whole Foods Market

3.22 miles

TJ Maxx

3.29 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 09 Jan, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Colorado Springs

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Colorado Springs Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2021 Avg. Asking Rent $22.55
  • 2021 Office Vacancy Rate 15.36%
  • 2021 Office Completions (SF) 414,930

Colorado Springs Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2021 Avg. Price per SF $180.86
  • Y-o-Y Avg. PpSF Change 9.36%
  • 2021 Office Sales Volume $338.5M
  • 2021 Number of Transactions 24
View more Colorado Springs market trends

Tax

  • Property Tax in 2021 $121,327
  • Market Value* $6,568,137
  • Assessed Value $6,568,137

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Norwood Shopping Center?

Norwood Shopping Center totals 73,432 square feet.

When was this property built?

Norwood Shopping Center was built in 2003.

When was Norwood Shopping Center last sold?

Norwood Shopping Center was last sold on 09 Jan, 2015.

What is the property tax for Norwood Shopping Center?

The property tax for Norwood Shopping Center in 2021 was $121,327.

What is the market value for Norwood Shopping Center?

The market value* for Norwood Shopping Center in 2021 was $6,568,137.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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