University Village Colorado - Lowe's

Off-Market

4880 North Nevada Avenue, Colorado Springs, CO 80918

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  • Property Type Retail - Power Center
  • Property Size 169,112 SF
  • Lot Size 12.3 Acre
  • Property Tenancy Owner Occupied
  • Year Built 2009

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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Brokers

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Documents

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Sales

  • 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.

  • 2022 Avg. Asking Rent $22.34
  • 2022 Office Vacancy Rate 17.97%
  • 2022 Office Completions (SF) 50,000

Colorado Springs Office Sales Trends

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

  • 2022 Avg. Price per SF $170.63
  • Y-o-Y Avg. PpSF Change -6.22%
  • 2022 Office Sales Volume $164.3M
  • 2022 Number of Transactions 13
View more Colorado Springs market trends

Location

Getting Around

  • Walk Score ®

    53/100 Somewhat Walkable
  • Transit Score ®

    30/100 Some Transit
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Colorado Springs, CO
  • Neighborhood Pulpit Rock
  • Zip Code 80918
  • Market Denver

Points of Interest

  • Manitou Springs

    6.74 miles

  • Costco Gasoline

    0.31 miles

  • Shell

    0.56 miles

  • Exxon

    0.71 miles

  • Conoco

    0.73 miles

  • Domino's EV Charger

    0.81 miles

  • 7-Eleven

    0.84 miles

  • 7-Eleven

    0.99 miles

  • Kum & Go

    1.03 miles

  • 7-Eleven

    1.70 miles

  • Kum & Go

    1.81 miles

  • Alpine Parking Garage and Recreation Field

    0.75 miles

  • Lot 432

    0.97 miles

  • Lot 230

    1.01 miles

  • Lot 228

    1.10 miles

  • Parking Garage

    1.12 miles

  • Lot 224

    1.23 miles

  • Puplit Rock Trailhead Parking

    1.25 miles

  • Lot 222

    1.33 miles

  • Lot 220

    1.50 miles

  • Portal Park

    1.58 miles

  • Tokyo Joes

    0.13 miles

  • Pita Pit

    0.13 miles

  • Bonefish Grill

    0.13 miles

  • Which Wich?

    0.14 miles

  • Chipotle

    0.15 miles

  • Noodles & Company

    0.20 miles

  • BJ's

    0.20 miles

  • Keva Juice

    0.21 miles

  • Senor Manuel Mexican Cuisine

    0.21 miles

  • cowboy Star

    0.21 miles

  • Kohl's

    0.10 miles

  • Trader Joe's

    0.44 miles

  • Safeway

    1.65 miles

  • Safeway

    2.01 miles

  • Target

    2.16 miles

  • Adam's Market International

    2.18 miles

  • Sprouts Farmers Market

    2.23 miles

  • King Soopers

    2.26 miles

  • Safeway

    2.33 miles

  • King Soopers

    2.42 miles

Frequently Asked Questions

What is the total square footage of University Village Colorado - Lowe's?

University Village Colorado - Lowe's totals 169,112 square feet.

When was this property built?

University Village Colorado - Lowe's was built in 2009.

What is the property tax for University Village Colorado - Lowe's?

The property tax for University Village Colorado - Lowe's in 2022 was $138,247.

What is the market value for University Village Colorado - Lowe's?

The market value* for University Village Colorado - Lowe's in 2022 was $8,051,097.
*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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