Flex Space Near Interstate
For Sale
Contact for pricing
1065 Garden of the Gods, Colorado Springs, CO 80907
Flex space with strong traffic visibility on Garden of the Gods Road and quick access to I-25.
Property Size23,266 SF
Price / SF$148.97
Days on Market82
Property Features for 1065 Garden of the Gods
General Information
Standard status
Active
Size
23,266 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
NAI Highland, LLC
(719) 577-0044
Listed By:
Randy Dowis · License #FA1157155
(719) 650-1332
Source:
Moodyscre
Added: Jun 26
Changed: Sep 10
Last Checked: Sep 14 at 10:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Highland, LLC
Investment Insights
Based on property information with market context.
This flex space offering is located on Garden of the Gods Rd and positioned for high daily visibility, with approximately 43,000 VPD. The property totals 23,266 SF, providing a compact footprint suited to flexible commercial uses.
Centrally positioned in Colorado Springs, the site is designed for convenient access to I-25. Public remarks indicate a drive time of just 2 minutes to the interstate, supporting easy customer and workforce access.
Centrally positioned in Colorado Springs, the site is designed for convenient access to I-25. Public remarks indicate a drive time of just 2 minutes to the interstate, supporting easy customer and workforce access.
Key Highlights
- Located on Garden of the Gods Rd with approximately 43,000 VPD
- 23,266 SF flex space
- Centrally positioned in Colorado Springs
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
$224,121
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
6.47%
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%
$4,482,420
$4.5M
Cap Rate 7%
$3,201,729
$3.2M
Cap Rate 9%
$2,490,233
$2.5M
Market Conditions
NOI Build-Up for 23,266 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
$362.9K $15.60/SF
− Vacancy
−$18.1K −$0.78/SF
EGI
$344.8K $14.82/SF
− OpEx
−$120.7K −$5.19/SF
NOI
$224.1K $9.63/SF
Area
Colorado Springs, CO
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$4,482,420
Cap Rate 7%
$3,201,729
Cap Rate 9%
$2,490,233
Alternative Uses
Best Use
Flex RnD
$3.20M
$2.80M – $3.74M
NOI $224,121 @ 7.0% cap · market cap 6.47%
Second Best
Industrial
$3.02M
$2.64M – $3.52M
NOI $211,124 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$4.59M
$4.02M – $5.36M
NOI $321,629 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
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 - Flex space with strong traffic visibility on Garden of the Gods Road and quick access to I-25.
Where is this flex space located?
The property is located at 1065 Garden of the Gods Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,466,000.
What are key features of this property?
This property features: Located on Garden of the Gods Rd with approximately 43,000 VPD; 23,266 SF flex space; Centrally positioned in Colorado Springs
