Industrial Warehouse with Secure
For Sale
$995,000
3295 Fillmore Ridge Heights, Colorado Springs, CO 80907
Well-maintained industrial building with oversized drive-in doors, clear span layout, and a fenced, secure yard.
Property Size6,000 SF
Price / SF$165.83
Days on Market93
Property Features for 3295 Fillmore Ridge Heights
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Industrial
Zoning
BP
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Clear Height
16 ft
Heavy Power
Yes
Building Details
Building Size
6,000 SF
Year Built
2005
Stories
1
Listing Agency:
Lincoln Property Company | Denver
Listed By:
Sam Slaton
(303) 517-5183
Source:
Lpc
Added: Jun 2
Changed: Aug 8
Last Checked: Sep 1 at 4:11PM
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 Lincoln Property Company | Denver
Investment Insights
Based on property information with market context.
This well-maintained industrial warehouse was constructed in 2005 and includes a clear span, column-free interior. The facility features oversized grade level drive-in doors, a fenced and secure yard, and approximately 15’–16’ clear height. Electrical service is listed as 500 amps, 208/120 3-phase with 4-wire (to be verified by buyer).
The property is located in Colorado Springs and is offered with BP zoning. It can accommodate a single full-building user or be demised down to 3,000 SF, providing flexibility for either one tenant or a two-tenant arrangement. The listing also notes approximately a two-minute drive time to I-25.
The property is located in Colorado Springs and is offered with BP zoning. It can accommodate a single full-building user or be demised down to 3,000 SF, providing flexibility for either one tenant or a two-tenant arrangement. The listing also notes approximately a two-minute drive time to I-25.
Key Highlights
- 6,000 SF industrial building built in 2005 with BP zoning
- Flexible layout: single full‑building use or demised down to 3,000 SF
- Can be used as one tenant or configured for two tenants/owner‑user with additional space leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,113
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,260
$1.3M
Cap Rate 7%
$944,471
$944.5K
Cap Rate 9%
$734,589
$734.6K
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$81.4K $13.56/SF
− Vacancy
−$3.6K −$0.60/SF
EGI
$77.8K $12.96/SF
− OpEx
−$11.7K −$1.94/SF
NOI
$66.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,260
Cap Rate 7%
$944,471
Cap Rate 9%
$734,589
Alternative Uses
Best Use
Warehouse
$944.5K
$826.4K – $1.10M
NOI $66,113 @ 7.0% cap · market cap 6.64%
Second Best
Industrial
$777.8K
$680.6K – $907.4K
NOI $54,446 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Similar Off Market Nearby
- TMT Self Storage — 3215 Fillmore Ridge Heights, Colorado Springs, CO 80907
- Colorado Springs Self Storage - North — 330 karen ln, colorado springs, co 80907
- Public Storage — 3436 Sinton Rd, Colorado Springs, CO 80907
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained industrial building with oversized drive-in doors, clear span layout, and a fenced, secure yard.
Where is this warehouse located?
The property is located at 3295 Fillmore Ridge Heights Colorado Springs, CO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 6,000 SF industrial building built in 2005 with BP zoning; Flexible layout: single full‑building use or demised down to 3,000 SF; Can be used as one tenant or configured for two tenants/owner‑user with additional space leased
