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 Market127
Property Features for 1065 Garden of the Gods
General Information
Standard status
Active
Size
23,266 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Garden of the Gods/Pleasant Valley
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: Oct 26
Last Checked: Oct 28 at 6:06AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$224,121
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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
