Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5621 E Pikes Peak Ave Colorado Springs, CO 80916

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    COMMERCIAL - Colorado Springs, CO

    Property size:
    2,400 SF
    Lot size:
    0.48 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 11 at 8:06 pm

    Property Features for 5621 E Pikes Peak Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.48 Acres

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Jessica Maloney ABR GRI

    Gold Group Realty, LLC (719) 216-9542

    Listing agent Jessica Maloney ABR GRI

    Listing date Mar 11, 2026

    MLS# 8722891

    Copyright © 2026 Pikes Peak Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial Warehouse Space For Sale

    This commercial property in Colorado Springs features industrial and warehouse space available for sale. The property includes outdoor storage with a fenced security gate and five parking spaces in the front. An office space measuring 56 square feet (8x7) and a half bath measuring 72 square feet (6x8) are included within the overall square footage. The property also features a 12-foot overhead door and a workbench. The lot size is 0.48 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Hotel & Motel Auto Parts Store

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

    Similar Places Nearby

    Platte Indoor Mega Storage, Public Storage, Storage Seeker, Citadel Self Storage LLC, Nearby Self Storage Units

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.723934
    Latitude
    38.83025

    Nearby Similar for Sale

    • New
      $815,000
      0.30 Acres

      Colorado Springs Office Building For Sale

      Two-story office building in Old Colorado City commercial corridor.
      2103 W Uintah St, Colorado Springs, CO 80904
      View Details
    • $385,000
      Pending

      Turnkey Office in Old Colorado

      Pristine, standalone office in historic Old Colorado City.
      1804 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • New
      Contact for pricing
      0.50 Acres

      Colorado Springs Office Building

      Office building with great access off Academy Boulevard.
      6180 Lehman Dr, Colorado Springs, CO 80918
      View Details
    • $1,990,000
      5,000 SF

      Turnkey Commercial Property For Sale

      5000 sq ft commercial property with co-op kitchen.
      4621 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • New
      $1,250,000
      5,277 SF

      Freestanding Industrial Building For Sale

      Freestanding industrial building with visibility, functionality, and curb appeal.
      3930 Galley Rd, Colorado Springs, CO 80909
      View Details
    • New
      $5,900,000
      42,759 SF

      Colorado Springs Industrial Facility Campus

      Industrial campus with heavy power and expansion potential.
      4975 N 30Th St, Colorado Springs, CO 80919
      View Details
    • New
      $2,200,000
      Pending

      Renovated Restaurant in Prime Location

      Fully renovated restaurant on 1.38 acres in high-traffic area.
      3680 N Citadel Dr, Colorado Springs, CO 80909
      View Details
    • $2,450,000
      4,626 SF

      Turnkey Restaurant Opportunity in Colorado

      Modern restaurant with pet exercise areas and mountain views.
      2207 Bott Ave, Colorado Springs, CO 80904
      View Details
    • New
      Contact for pricing
      810 SF

      New Construction Warehouse Unit

      New warehouse unit ideal for storage, workshop, or small business.
      2510 Canada Dr, Colorado Springs, CO 80922
      View Details
    • $1,800,000
      6,027 SF

      Versatile Commercial & Event Opportunity

      Prime commercial property near Colorado Springs with event hosting potential.
      14275 S State Highway 115, Colorado Springs, CO 80926
      View Details
    • $3,290,310
      1.66 Acres

      Colorado Springs Commercial Redevelopment Opportunity

      Prime commercial property with high redevelopment potential in a desirable location.
      1850 Dominion Way, Colorado Springs, CO 80918
      View Details
    • New
      $525,000
      1,052 SF

      Cozy Home with Modern ADU

      Charming home with a fully furnished, modern ADU.
      711 N Spruce St, Colorado Springs, CO 80905
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial/warehouse space with outdoor storage and fenced security gate.
    Where is this warehouse located?
    The property is located at 5621 E Pikes Peak Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,500.
    What are key features of this property?
    This property features: - 2,400 SF Industrial/Warehouse/Storage Space; - Outdoor storage with fenced security gate; - 12' overhead door
    (719) 999-5067
    Request Owner's contact information
    5621 E Pikes Peak Ave Colorado Springs, CO 80916
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5621 E Pikes Peak Ave
    Colorado Springs, CO 80916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5621 E Pikes Peak Ave Colorado Springs, CO 80916
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jessica Maloney ABR GRI
    (719) 999-5067 (719) 216-9542
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!