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    Colorado Springs Commercial Land Opportunity Title is generated by Realmo AI

    415 N Franceville Coal Mine Road, Colorado Springs, CO 80929

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    For Sale
    $2,925,000

    Commercial Sale, Other - Colorado Springs, CO

    Added:
    Oct 28, 2025
    Days on Market:
    201
    Last Refresh:
    May 16 at 1:06 pm

    Property Features for 415 N Franceville Coal Mine Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Michael Jacobson

    Listing agent Michael Jacobson

    Listing office Engel & Völkers Pikes Peak 2748 Northgate Boulevard, Colorado Springs, CO

    Listing date Oct 28, 2025

    MLS# 4636877 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located within the Colorado Springs Annexation plan area, near the future Flying Horse East development (30,000 housing units, commercial properties, schools, golf courses, hotels).
    • High‑visibility location on Hwy 94 with 10,500 vehicles passing daily.
    • Proximity to Schriever Space Force Base (8,000 employees) and other significant developments (Mayberry, Reagan Ranch).
    • Close to high‑use recreational areas: dirt race tracks, a large gun club, and the future Wild Horse Ranch park (1,000 acres).
    • 20 acres already prepped for RV storage.
    • Located halfway between Schriever SFB and Peterson SFB.

    Overview

    This commercial property is situated 5 miles east of Marksheffel along Highway 94, approximately midway between Schriever Space Force Base and Peterson Space Force Base. The location offers high visibility on the southeast corner of Highway 94 and Franceville Coal Mine Road, with a recorded traffic volume of 10,500 vehicles per day. The property is positioned within the Colorado Springs Annexation plan for the Highway 94 Corridor, extending towards Schriever SFB and the developing Flying Horse East. The Flying Horse East development encompasses 5,500 acres and is planned to include 30,000 housing units, commercial properties, multiple schools, two golf courses, and hotels. Additional developments in the vicinity include Mayberry, with a plan for 2,550 housing units, and Reagan Ranch, slated for 1,600 units. Schriever Space Force Base is located nearby. The site features 20 acres prepared for RV storage, with opportunities for adjustments in the site development plan. The surrounding area includes two dirt race tracks, Colorado’s largest multi-use gun club, and the recently purchased 1,000-acre Wild Horse Ranch park and open space south on Franceville Coal Mine Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Big Box & Wholesale Store HVAC Service Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.591003
    Latitude
    38.83509

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    FAQs

    What type of property is this?
    Commercial land - Land near Schriever SFB and Flying Horse East development.
    Where is this commercial land located?
    The property is located at 415 N Franceville Coal Mine Road Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $2,925,000.
    What are key features of this property?
    This property features: Located within the Colorado Springs Annexation plan area, near the future Flying Horse East development (30,000 housing units, commercial properties, schools, golf courses, hotels).; **High‑visibility location on Hwy 94 with 10,500 vehicles passing daily.**; Proximity to Schriever Space Force Base (8,000 employees) and other significant developments (Mayberry, Reagan Ranch).
    (719) 886-4800
    We can help!
    Listing Contact
    Michael Jacobson
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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