Warehouse with Showroom on
345 S Academy Blvd Colorado Springs, CO
345 S Academy Blvd, Colorado Springs, CO, 00000
Contact for pricing
For Sale
Contact for pricing
Well-maintained warehouse with showroom and high visibility on South Academy.
Property Size19,919 SF
Lot Size1.24 Acres
Price / SF$138.06
Days on Market465
Property Features for 345 S Academy Blvd
General Information
- Standard status
- Active
- Size
- 19,919 SF
- Lot size
- 1.24 Acres
- Property subtype
- RETAIL
Listing agency
Trent Properties Group
(719) 650-9913
Listed by
Amanda Miller Luciano · License #EA.1318522
(719) 650-9913
Source
Moodyscre
Added: Apr 14, 2025 Updated: Jul 6 at 9:55AM Checked: Jul 21 at 8:29AM
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 Trent Properties Group
Investment Insights
Based on property information with market context.
This property is a fully-sprinklered, meticulously-maintained Twin-T concrete tilt-up building. The building is in excellent condition, featuring a newer roof and upgraded electric. It offers 24' ceilings, a roll-up door, and a dock-high door. The property, totaling 19919 square feet, is evenly divided between warehouse space and a showroom with a drop ceiling. The warehouse area includes a loft over one section, increasing storage capacity. The property has phenomenal visibility along South Academy Boulevard.
Key Highlights
- Phenomenal visibility along busy South Academy
- 24' ceilings
- Newer roof and upgraded electric
Local Financial Insights For Retail
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 | $358.5k | $18.00 |
| − Vacancy | −$16.1k | −$0.81 |
| EGI | $342.4k | $17.19 |
| − OpEx | −$102.7k | −$5.16 |
| NOI | $239.7k | $12.03 |
19,919 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.42M
$3.00M – $3.99M
NOI $239,685 @ 7.0% cap · market cap 8.72%
Second Best
Warehouse
$3.14M
$2.74M – $3.66M
NOI $219,485 @ 7.0% cap · market cap 7.98%
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.59M
NOI $275,360 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Broyhill Furniture Showplace
Furniture & Home Goods
KTM Recycling
Recycling Center
Conn's HomePlus
Home Appliance Store
Similar For Sale Nearby
Similar Off Market Nearby
- Rampart Tile Company — 212 Auburn Dr, Colorado Springs, CO 80909
- Lowe's Home Improvement — 701 N Academy Blvd, Colorado Springs, CO 80909
- Carpet Planet — 3645 Citadel Dr S, Colorado Springs, CO 80909
- MaxiMax Maintenance LLC — 41 S Roosevelt St, Colorado Springs, CO 80910
- At Home — 335 N Academy Blvd, Colorado Springs, CO 80909
FAQs
What type of property is this?
Showroom - Well-maintained warehouse with showroom and high visibility on South Academy.
Where is this showroom located?
The property is located at 345 S Academy Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Phenomenal visibility along busy South Academy; 24' ceilings; Newer roof and upgraded electric
