Multi-Building Flex
For Sale
Contact for pricing
1200 S El Paso St, Colorado Springs, CO 80903
General industrial zoned property with four buildings, fenced yard, and office duplex plus office/warehouse unit features.
Property Size8,110 SF
Price / SF$135.64
Days on Market109
Property Features for 1200 S El Paso St
General Information
Standard status
Active
Size
8,110 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Hillside
Fenced Yard
Yes
Listing Agency:
Trent Properties Group
(719) 630-1600
Listed By:
Deanne Walker · License #ER:100081627
(719) 237-9425
Source:
Moodyscre
Added: Jul 14
Changed: Oct 25
Last Checked: Oct 28 at 5:16AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This general industrial zoned property includes four buildings plus an additional 20’ x 30’ concrete pad. The concrete pad currently has a metal building that is tenant-owned. The site is fully fenced with some interior fencing between buildings, supporting clear separation of functional areas.
The property includes an office duplex with a full kitchen and bathroom in each unit. There is also an office/warehouse with separate entrances for the main floor and basement. The main floor includes a kitchen area and a 3/4 bath, while the basement provides ramp access, a 3/4 bath, and rock flooring.
All features are contained within a single parcel that includes the addresses 1200 & 1204 S El Paso St and 633 & 637 E Gillette St.
The property includes an office duplex with a full kitchen and bathroom in each unit. There is also an office/warehouse with separate entrances for the main floor and basement. The main floor includes a kitchen area and a 3/4 bath, while the basement provides ramp access, a 3/4 bath, and rock flooring.
All features are contained within a single parcel that includes the addresses 1200 & 1204 S El Paso St and 633 & 637 E Gillette St.
Key Highlights
- General industrial zoning allowing a wide variety of uses
- Single parcel includes four buildings plus a 20’x30’ concrete pad (metal building on pad is tenant owned)
- Fully fenced property with some interior fencing between buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,363
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,787,260
$1.8M
Cap Rate 7%
$1,276,614
$1.3M
Cap Rate 9%
$992,922
$992.9K
Market Conditions
NOI Build-Up for 8,110 SF
Gross rent
$110.0K $13.56/SF
− Vacancy
−$4.8K −$0.60/SF
EGI
$105.1K $12.96/SF
− OpEx
−$15.8K −$1.94/SF
NOI
$89.4K $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%
$1,787,260
Cap Rate 7%
$1,276,614
Cap Rate 9%
$992,922
Alternative Uses
Best Use
Warehouse
$1.28M
$1.12M – $1.49M
NOI $89,363 @ 7.0% cap · market cap 8.12%
Second Best
Office B
$1.14M
$997.9K – $1.33M
NOI $79,833 @ 7.0% cap · market cap 7.26%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,113 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Colorado Springs, CO
Similar Off Market Nearby
- High Grade Foods Jamaican Restaurant and Bar — 1020 S Tejon St, Colorado Springs, CO 80903
- LiL' Howard's BBQ and Catering — 506 e moreno ave, colorado springs, co 80903
Frequently Asked Questions
What type of property is this?
Flex space - General industrial zoned property with four buildings, fenced yard, and office duplex plus office/warehouse unit features.
Where is this flex space located?
The property is located at 1200 S El Paso St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: General industrial zoning allowing a wide variety of uses; Single parcel includes four buildings plus a 20’x30’ concrete pad (metal building on pad is tenant owned); Fully fenced property with some interior fencing between buildings
