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 Market268
Property Features for 123 N Union Blvd
General Information
Standard status
Active
Size
6,400 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Fenced Yard
Yes
Listing Agency:
Hoff & Leigh
(719) 337-9551
Listed By:
Tim Leigh · License #ER.100022369
(719) 337-9551
Source:
Moodyscre
Added: Nov 5, 2025
Changed: Jul 28
Last Checked: Jul 31 at 12:21PM
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
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 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 | $86.8k | $13.56 |
| − Vacancy | −$3.8k | −$0.60 |
| EGI | $83.0k | $12.96 |
| − OpEx | −$12.4k | −$1.94 |
| NOI | $70.5k | $11.02 |
6,400 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%
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.
Property 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
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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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
