Flex Building with Drive-Through
New
For Sale
$1,395,000
1307 Aeroplaza Drive, Colorado Springs, CO 80916
A single-story layout combines private offices, shared work areas, and garage space for varied business functions.
Property Size10,869 SF
Lot Size1.26 Acres
Price / SF$128.35
Days on Market5
Property Features for 1307 Aeroplaza Drive
General Information
Standard status
Active
Size
10,869 SF
Total Parking Spaces
50
Lot size
1.26 Acres
Property subtype
Flex, Office
Zoning
BP AO
Site & Location
Neighborhood
Gateway Park
Road Access
Yes
Additional Details
Drive-In Doors
4
Property Use
Office, Flex, and Garage
Amenities
Conference Rooms
Break Areas
Building Details
Building Size
10,869 SF
Year Renovated
2020
Buildings
1
Stories
1
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Guy Cox · License #FA.100075843
(719) 357-7494
Source:
Hoffleigh
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:48PM
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 freestanding flex property contains 10,869 square feet on 1.26 acres. The single-story building is arranged with private offices, meeting rooms, break areas, and open flex space, alongside a drive-through garage. Four overhead doors, each measuring 10′ × 12′, serve the garage, and 50 surface parking spaces are provided. A roof replacement was completed in 2020. Zoning is BP AO.
The property is near Colorado Springs Airport and Peterson Space Force Base, with access from Powers and Fountain boulevards.
The property is near Colorado Springs Airport and Peterson Space Force Base, with access from Powers and Fountain boulevards.
Key Highlights
- 10,869 SF freestanding flex building on 1.26 acres
- Four 10′ × 12′ overhead doors provide drive‑through garage access
- Single‑story plan includes private offices, meeting rooms, break areas, and open flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,042
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,840
$2.0M
Cap Rate 7%
$1,414,886
$1.4M
Cap Rate 9%
$1,100,467
$1.1M
Market Conditions
NOI Build-Up for 10,869 SF
Gross rent
$147.4K $13.56/SF
− Vacancy
−$5.9K −$0.54/SF
EGI
$141.5K $13.02/SF
− OpEx
−$42.4K −$3.91/SF
NOI
$99.0K $9.11/SF
Area
ZIP 80916
Vacancy
4.00%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,840
Cap Rate 7%
$1,414,886
Cap Rate 9%
$1,100,467
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.21M
NOI $132,348 @ 7.0% cap · market cap 9.49%
Second Best
Industrial
$1.41M
$1.24M – $1.65M
NOI $99,042 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,698 @ 7.0% cap · market cap 12.67%
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
4
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80916, CO
39,990
Population
15,464
Households
2.6
Avg Household Size
30
Median Age
18%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
2,173
Density / Sq Mi
$63,399
Median Household Income
$37,708
Median Earnings
$1,505
Median Rent
$289,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Colorado Springs, CO
Similar Off Market Nearby
- Kat Air Services Inc — 1589 Vapor Trail, Colorado Springs, CO 80916
Frequently Asked Questions
What type of property is this?
Flex space - A single-story layout combines private offices, shared work areas, and garage space for varied business functions.
Where is this flex space located?
The property is located at 1307 Aeroplaza Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 10,869 SF freestanding flex building on 1.26 acres; Four 10′ × 12′ overhead doors provide drive‑through garage access; Single‑story plan includes private offices, meeting rooms, break areas, and open flex space
