Free-Standing Industrial Building with
For Sale
Contact for pricing
123 N Union Blvd, Colorado Springs, CO 80909
Free-standing industrial building with large front display windows, mezzanine space, and a fenced back yard.
Property Size6,400 SF
Price / SF$152.34
Days on Market359
Property Features for 123 N Union Blvd
General Information
Standard status
Active
Size
6,400 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Knob Hill
Fenced Yard
Yes
Additional Details
Business Included
No
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Tim Leigh · License #EA314631
(719) 337-9551
Source:
Moodyscre
Added: Nov 5, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:27AM
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 Hoff & Leigh
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This free-standing industrial building offers a combination of front office/showroom area, warehouse space, and mezzanine. Approximately 2,400 SF is dedicated to a front area with large display windows, complemented by about 2,000 SF of warehouse space and an additional 2,000 SF mezzanine. The property also includes a fenced yard in the back of the building, providing enclosed outdoor space for operational needs.
The roof was newly installed in 2023 and is accompanied by a 10-year transferable warranty. A Phase 1 inspection report is also noted as available.
The building is offered for sale delivered in shell condition, and there is also for-lease space described at approximately 3,000 SF (plus utilities).
The roof was newly installed in 2023 and is accompanied by a 10-year transferable warranty. A Phase 1 inspection report is also noted as available.
The building is offered for sale delivered in shell condition, and there is also for-lease space described at approximately 3,000 SF (plus utilities).
Key Highlights
- 6,400 SF free‑standing industrial building with a fenced yard
- Front area has large display windows (approximately 2,400 SF)
- Warehouse space totals approximately 2,000 SF, plus a 2,000 SF mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,521
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,410,420
$1.4M
Cap Rate 7%
$1,007,443
$1.0M
Cap Rate 9%
$783,567
$783.6K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$86.8K $13.56/SF
− Vacancy
−$3.8K −$0.60/SF
EGI
$83.0K $12.96/SF
− OpEx
−$12.4K −$1.94/SF
NOI
$70.5K $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%
$1,410,420
Cap Rate 7%
$1,007,443
Cap Rate 9%
$783,567
Alternative Uses
Best Use
Warehouse
$1.01M
$881.5K – $1.18M
NOI $70,521 @ 7.0% cap · market cap 7.23%
Second Best
Flex RnD
$880.7K
$770.6K – $1.03M
NOI $61,651 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,474 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Similar Off Market Nearby
- Susanna's Comfort Cuisine Food Trailer — 1130 E Willamette Ave, Colorado Springs, CO 80903
Frequently Asked Questions
What type of property is this?
Flex space - Free-standing industrial building with large front display windows, mezzanine space, and a fenced back yard.
Where is this flex space located?
The property is located at 123 N Union Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 6,400 SF free‑standing industrial building with a fenced yard; Front area has large display windows (approximately 2,400 SF); Warehouse space totals approximately 2,000 SF, plus a 2,000 SF mezzanine
