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    8150 Black Forest Rd Colorado Springs, CO 80908

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    For Sale
    $5,800,000

    Flat land with utilities, suitable for development.

    Lot size:
    15.43 Acres

    Property Features for 8150 Black Forest Rd

    General Information

    Lot size
    15.43 Acres

    Source: Olive Real Estate Partners, Inc. Agent Michael J. Scruggs II

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land with Development Potential

    This property consists of flat land suitable for development, with all necessary utilities located adjacent to the site. An existing well is present on the premises. The site has already been platted. A portion of approximately 0.69 acres in the northwest corner of the property is subject to a long-term lease and easement for a cell phone tower; the terms for this area are negotiable.
    Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7020707
    Latitude
    38.9500518

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    FAQs

    What type of property is this?
    Land - Flat land with utilities, suitable for development.
    Where is this land located?
    The property is located at 8150 Black Forest Rd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: - Flat site with no significant development constraints.; - All necessary utilities are adjacent to the site.; - Site has been platted.
    (719) 598-3000
    Request Owner's contact information
    8150 Black Forest Rd Colorado Springs, CO 80908
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    Colorado Springs, CO 80908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8150 Black Forest Rd Colorado Springs, CO 80908
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