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    Leased Office/Warehouse Near I-25 Title is generated by Realmo AI

    4703-4755 Northpark Dr, Colorado Springs, CO

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    Multi-tenant office/warehouse property with I-25 access and recent roof.

    Type:INDUSTRIAL
    Property size:
    23,190 SF
    Lot size:
    1.52 Acres
    Price / SF:
    $150/SF
    Added:
    Feb 29, 2024
    Days on Market:
    839
    Last Refresh:
    May 19 at 9:13 pm

    Property Features for 4703-4755 Northpark Dr

    General Information

    Standard status
    Active
    Size
    23,190 SF
    Lot size
    1.52 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Richard Kelly, SIOR

    Listing agent Richard Kelly, SIOR

    Listing office Trend Commercial Real Estate

    Listing date Feb 29, 2024

    Source Moodyscre

    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 Trend Commercial Real Estate

    HighLights

    • Fully Leased investment opportunity
    • NOI: $219,203 (2025)
    • 6% Cap Rate
    • Complete New Roof in 2022
    • Great Access to I‑25
    • 18' Clear in Warehouse

    Overview

    This multi-tenant office/warehouse property is located in the Garden of the Gods, one block from I-25. The building has a total size of 23,190 square feet and features a new roof installed in 2022. Suite 4703 comprises 7,502 square feet with a 50% office and 50% warehouse layout, while Suite 4755 offers 15,688 square feet with a 10% office and 90% warehouse configuration. The warehouse area provides 18' clear height and includes both dock and ramp doors. The property has been 99% occupied for over 20 years and features a large breakroom and restrooms on both floors. The Net Operating Income (NOI) is projected to be $219,203 in 2025, with a cap rate of 6%.

    Local 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 $314.5k $13.56
    − Vacancy −$13.8k −$0.60
    EGI $300.6k $12.96
    − OpEx −$45.1k −$1.94
    NOI $255.5k $11.02
    23,190 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $3.65M
    $3.19M – $4.26M (±1% cap)
    NOI $255,527 @ 7.0% cap · market cap 7.30%
    Second Best
    Flex RnD
    $3.19M
    $2.79M – $3.72M (±1% cap)
    NOI $223,389 @ 7.0% cap · market cap 6.38%
    Theoretical Best
    Specialty Retail
    $4.58M
    $4.01M – $5.34M (±1% cap)
    NOI $320,579 @ 7.0% cap · market cap 9.16%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Public Storage — 210 Mt View Ln, Colorado Springs, CO 80907
    • Vital Records Control — 3970 N Weber St, Colorado Springs, CO 80907
    • Federal Records Management — 3970 N Weber St, Colorado Springs, CO 80907
    • Johnson Storage & Moving — 4225 Sinton Rd, Colorado Springs, CO 80907
    • Security Van Lines — 4227 Sinton Rd, Colorado Springs, CO 80907

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.826
    Latitude
    38.9001

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    FAQs

    What type of property is this?
    Warehouse - Multi-tenant office/warehouse property with I-25 access and recent roof.
    Where is this warehouse located?
    The property is located at 4703-4755 Northpark Dr Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Fully Leased investment opportunity; NOI: $219,203 (2025); 6% Cap Rate
    (719) 650-7677 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Richard Kelly, SIOR
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