Class A Flex
11675 Ridgeline Dr Colorado Springs, CO 80921
For Sale
Contact for pricing
Class A flex building with office and distribution use, built in 2003 and remodeled in 2024 for two long-term tenants.
Property Size37,741 SF
Price / SF$280.86
Days on Market70
Property Features for 11675 Ridgeline Dr
General Information
- Standard status
- Active
- Size
- 37,741 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 2003
Listing Agency:
NAI Highland, LLC
(719) 577-0044
Listed By:
John Onstott · License #CO FA1175465
Source:
Crexi
Added: May 15
Changed: Jul 23
Last Checked: Jul 23 at 9:47AM
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 Class A 37,741-square-foot flex office and distribution investment property was constructed in 2003 and remodeled and updated in 2024. The building is currently occupied by two tenants on long-term leases, with updates completed for both tenants as part of the 2024 improvement work.
Located in north central Colorado Springs at 11675 Ridgeline Dr, the property is positioned near I-25. The public remarks also note Colorado Springs as a fast-growing market, supported by an economy driven by aerospace, tech companies, and tourism, along with five military installations in the region.
According to the provided information, the Denver metro is approximately 50 minutes away, and the Colorado Springs area is described as having a metro population of over 715,000.
Located in north central Colorado Springs at 11675 Ridgeline Dr, the property is positioned near I-25. The public remarks also note Colorado Springs as a fast-growing market, supported by an economy driven by aerospace, tech companies, and tourism, along with five military installations in the region.
According to the provided information, the Denver metro is approximately 50 minutes away, and the Colorado Springs area is described as having a metro population of over 715,000.
Key Highlights
- 37,741 SF Class A office/distribution building built in 2003
- Remodeled and updated in 2024 for two tenants on long‑term leases
- Two‑tenant investment property with long‑term lease structure
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $511.8k | $13.56 |
| − Vacancy | −$22.5k | −$0.60 |
| EGI | $489.3k | $12.96 |
| − OpEx | −$73.4k | −$1.94 |
| NOI | $415.9k | $11.02 |
37,741 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$5.94M
$5.20M – $6.93M
NOI $415,863 @ 7.0% cap · market cap 3.92%
Second Best
Office B
$5.31M
$4.64M – $6.19M
NOI $371,513 @ 7.0% cap · market cap 3.50%
Theoretical Best
Specialty Retail
$7.45M
$6.52M – $8.70M
NOI $521,732 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CSC Colorado Springs
Building Supply
Liberty AV Solutions
Electronics & Wireless Store
Production Point LLC
Advertising Agency
WESCO Broadcast & Entertainment
Film Production
FAQs
What type of property is this?
Flex space - Class A flex building with office and distribution use, built in 2003 and remodeled in 2024 for two long-term tenants.
Where is this flex space located?
The property is located at 11675 Ridgeline Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $10,600,000.
What are key features of this property?
This property features: 37,741 SF Class A office/distribution building built in 2003; Remodeled and updated in 2024 for two tenants on long‑term leases; Two‑tenant investment property with long‑term lease structure
