Office and Warehouse Flex
For Sale
$1,600,000
7302 Cole View, Colorado Springs, CO 80915
Commercial, Colorado Springs, CO
Property Size5,000 SF
Lot Size0.50 Acres
Price / SF$320
Days on Market131
Property Features for 7302 Cole View
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
16879
Building Details
Year built
2019
Listing Agency:
Blue Picket Realty
(719) 357-7653
Listed By:
Alberto Castro SRES
(719) 766-1663
Added: Apr 21
Changed: Aug 19
Last Checked: Aug 29 at 5:06AM
MLS# 5579690
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained office and warehouse flex property was built in 2019 and offers a functional split of approximately 5,000 square feet, with 2,500 SF of finished modern office space and 2,500 SF of warehouse/shop area. The office portion includes a reception area, private offices, a spacious conference room, two restrooms, and a kitchen/break room, designed for both staff and client-facing use.
The warehouse/shop space supports operational flexibility with an additional restroom and shower. The property also includes a fenced outdoor yard area that can be used for equipment, materials, or secured storage.
Situated on a 0.5-acre lot at 7302 Cole View in Colorado Springs (El Paso County), this layout is well-suited for contractors and service-based operations looking for an integrated workplace with dedicated office space and a functional shop area.
The warehouse/shop space supports operational flexibility with an additional restroom and shower. The property also includes a fenced outdoor yard area that can be used for equipment, materials, or secured storage.
Situated on a 0.5-acre lot at 7302 Cole View in Colorado Springs (El Paso County), this layout is well-suited for contractors and service-based operations looking for an integrated workplace with dedicated office space and a functional shop area.
Key Highlights
- Built in 2019
- Approximately 5,000 SF total flex space with 2,500 SF office and 2,500 SF warehouse/shop
- Office reception area, private offices, conference room, two restrooms, and kitchen/break room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,094
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,101,880
$1.1M
Cap Rate 7%
$787,057
$787.1K
Cap Rate 9%
$612,156
$612.2K
Market Conditions
NOI Build-Up for 5,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.8K $13.56/SF
− Vacancy
−$3.0K −$0.60/SF
EGI
$64.8K $12.96/SF
− OpEx
−$9.7K −$1.94/SF
NOI
$55.1K $11.02/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,101,880
Cap Rate 7%
$787,057
Cap Rate 9%
$612,156
Alternative Uses
Best Use
Warehouse
$787.1K
$688.7K – $918.2K
NOI $55,094 @ 7.0% cap · market cap 3.44%
Second Best
Flex RnD
$688.1K
$602.1K – $802.8K
NOI $48,165 @ 7.0% cap · market cap 3.01%
Theoretical Best
Specialty Retail
$987.4K
$864.0K – $1.15M
NOI $69,120 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained 2019-built flex space with finished office and warehouse/shop plus fenced outdoor yard.
Where is this flex space located?
The property is located at 7302 Cole View Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Built in 2019; Approximately 5,000 SF total flex space with 2,500 SF office and 2,500 SF warehouse/shop; Office reception area, private offices, conference room, two restrooms, and kitchen/break room
