Warehouse and Stand-Alone
For Sale
Contact for pricing
1435 Paonia St, Colorado Springs, CO 80915
Industrial zoning and a sizable yard support a warehouse operator needing dedicated office space.
Property Size6,024 SF
Lot Size1.00 Acre
Price / SF$273.90
Days on Market123
Property Features for 1435 Paonia St
General Information
Standard status
Active
Size
6,024 SF
Lot size
1.00 Acre
Property subtype
Industrial, Office
Zoning
I-2
Investment Type
Owner/User
Additional Details
Fenced Yard
Yes
Building Details
Year Built
1980
Buildings
3
Tenancy
Single
Listing Agency:
NAI Highland, LLC
Listed By:
John Benson · License #CO FA.100088508
(719) 577-0044
Source:
Crexi
Added: Jun 6
Changed: Sep 27
Last Checked: Oct 5 at 7:35PM
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 NAI Highland, LLC
Investment Insights
Based on property information with market context.
This offering includes a functional warehouse component paired with a stand-alone office building. The warehouse area is listed at approximately +/- 4,000 square feet, supported by a separately sized office building of 1,500+ square feet. The property also features expansive yard space intended to complement industrial and service-oriented operations, giving users outdoor room to support day-to-day activities.
Located at 1435 Paonia St in Colorado Springs, the site sits on over an acre of industrial zoned land. The combination of enclosed warehouse area and exterior yard provides an on-site setup designed for logistics, service functions, and other industrial uses that benefit from both working space and office capacity.
For buyers or tenants considering an owner-occupied or single-tenant industrial arrangement, the layout supports combining warehouse operations with an independent office presence. The property’s warehouse-plus-office configuration and yard area can be a practical fit for industrial and service users who need functional indoor space supported by outdoor work areas, all within an industrial zoning framework.
Located at 1435 Paonia St in Colorado Springs, the site sits on over an acre of industrial zoned land. The combination of enclosed warehouse area and exterior yard provides an on-site setup designed for logistics, service functions, and other industrial uses that benefit from both working space and office capacity.
For buyers or tenants considering an owner-occupied or single-tenant industrial arrangement, the layout supports combining warehouse operations with an independent office presence. The property’s warehouse-plus-office configuration and yard area can be a practical fit for industrial and service users who need functional indoor space supported by outdoor work areas, all within an industrial zoning framework.
Key Highlights
- 1980‑built functional warehouse plus stand‑alone office building
- Approx. +/-4,000 SF warehouse space
- Approx. 1,500+ SF office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,378
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,327,560
$1.3M
Cap Rate 7%
$948,257
$948.3K
Cap Rate 9%
$737,533
$737.5K
Market Conditions
NOI Build-Up for 6,024 SF
Gross rent
$81.7K $13.56/SF
− Vacancy
−$3.6K −$0.60/SF
EGI
$78.1K $12.96/SF
− OpEx
−$11.7K −$1.94/SF
NOI
$66.4K $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%
$1,327,560
Cap Rate 7%
$948,257
Cap Rate 9%
$737,533
Alternative Uses
Best Use
Warehouse
$948.3K
$829.7K – $1.11M
NOI $66,378 @ 7.0% cap · market cap 4.02%
Second Best
Flex RnD
$829.0K
$725.4K – $967.2K
NOI $58,029 @ 7.0% cap · market cap 3.52%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,276 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial zoning and a sizable yard support a warehouse operator needing dedicated office space.
Where is this flex space located?
The property is located at 1435 Paonia St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1980‑built functional warehouse plus stand‑alone office building; Approx. +/-4,000 SF warehouse space; Approx. 1,500+ SF office building
