Colorado Springs Flex/Industrial
For Sale
Contact for pricing
1420 Aviation Way, Colorado Springs, CO
20,922 SF flex/industrial building on 1.63 AC lot.
Property Size20,922 SF
Lot Size1.63 Acres
Price / SF$172.22
Days on Market835
Property Features for 1420 Aviation Way
General Information
Standard status
Active
Size
20,922 SF
Lot size
1.63 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1420 Aviation Way
1420 Aviation Way
AVAILABLE, Now
Floor
1
Size
1,883 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
Property Highlights
• Building 20,922 SF
• Lot Size 1.63 AC
• Estimated Triple Nets $4.46 PSF
• Access Aviation Way & Vapor Trail
• Zoning BP | CR AO
• Occupancy 90%
Contact us
Listing Agency:
NAI Highland, LLC
(719) 577-0044
Listed By:
Randy Dowis · License #FA1157155
(719) 650-1332
Source:
Moodyscre
Added: Jun 24, 2024
Changed: Oct 2
Last Checked: Oct 5 at 8:45PM
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 20,922 square foot building is situated on a 1.63-acre lot. The property is zoned BP | CR AO and has 90% occupancy. It is located with access to Aviation Way & Vapor Trail. Estimated triple nets are $4.46 per square foot.
Key Highlights
- Building size: 20,922 SF
- Lot size: 1.63 AC
- 90% Occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,537
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,610,740
$4.6M
Cap Rate 7%
$3,293,386
$3.3M
Cap Rate 9%
$2,561,522
$2.6M
Market Conditions
NOI Build-Up for 20,922 SF
Gross rent
$283.7K $13.56/SF
− Vacancy
−$12.5K −$0.60/SF
EGI
$271.2K $12.96/SF
− OpEx
−$40.7K −$1.94/SF
NOI
$230.5K $11.02/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,610,740
Cap Rate 7%
$3,293,386
Cap Rate 9%
$2,561,522
Alternative Uses
Best Use
Warehouse
$3.29M
$2.88M – $3.84M
NOI $230,537 @ 7.0% cap · market cap 6.40%
Second Best
Flex RnD
$2.88M
$2.52M – $3.36M
NOI $201,542 @ 7.0% cap · market cap 5.59%
Theoretical Best
Specialty Retail
$4.13M
$3.62M – $4.82M
NOI $289,226 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Similar Off Market Nearby
- Kat Air Services Inc — 1589 Vapor Trail, Colorado Springs, CO 80916
Frequently Asked Questions
What type of property is this?
Flex space - 20,922 SF flex/industrial building on 1.63 AC lot.
Where is this flex space located?
The property is located at 1420 Aviation Way Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,603,228.
What are key features of this property?
This property features: Building size: 20,922 SF; Lot size: 1.63 AC; 90% Occupancy
