Leased Office/Warehouse Near
For Sale
Contact for pricing
4703-4755 Northpark Dr, Colorado Springs, CO
Multi-tenant office/warehouse property with I-25 access and recent roof.
Property Size23,190 SF
Lot Size1.52 Acres
Price / SF$150.93
Days on Market884
Property Features for 4703-4755 Northpark Dr
General Information
Standard status
Active
Size
23,190 SF
Lot size
1.52 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Trend Commercial Real Estate
(719) 650-7677
Listed By:
Richard Kelly, SIOR
(719) 650-7677
Source:
Moodyscre
Added: Feb 29, 2024
Changed: Jul 10
Last Checked: Jul 21 at 4:23AM
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
Investment Insights
Based on property information with market context.
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%.
Key Highlights
- Fully Leased investment opportunity
- NOI: $219,203 (2025)
- 6% Cap Rate
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
NOI $255,527 @ 7.0% cap · market cap 7.30%
Second Best
Flex RnD
$3.19M
$2.79M – $3.72M
NOI $223,389 @ 7.0% cap · market cap 6.38%
Theoretical Best
Specialty Retail
$4.58M
$4.01M – $5.34M
NOI $320,579 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Properties on Market for Warehouses in Colorado Springs
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
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
