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Industrial Warehouse with Office
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1435 Paonia St, Colorado Springs, CO 80915

Industrial property for sale with a warehouse and a stand-alone office plus expansive yard on industrial-zoned land.

Property Size5,524 SF
Price / SF$298.70
Days on Market57

Property Features for 1435 Paonia St

General Information

Standard status Active
Size 5,524 SF
Property subtype INDUSTRIAL

Additional Details

Outdoor Storage Yes
Listing Agency: NAI Highland, LLC
Listed By: Michael Suggs · License #FA.100088508
Source: Moodyscre
Added: Jun 5 Changed: Jul 28 Last Checked: Jul 30 at 9:01AM

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.

1435 Paonia St offers an industrial warehouse combined with a stand-alone office building, all on industrial-zoned land. The warehouse is approximately +/- 4,000 square feet, supported by a separate office building of approximately 1,500+ square feet, along with expansive yard area intended to support industrial and service-oriented operations.

The property is located in Colorado Springs, Colorado, at 1435 Paonia St.

Overall, the layout provides separate work and office areas paired with outdoor space, supporting a range of industrial-oriented uses that benefit from both covered storage and flexible yard operations.

Key Highlights

  • Functional warehouse plus stand‑alone office building on over 1 acre of industrial‑zoned land in Colorado Springs
  • Approx. +/- 4,000 SF warehouse space
  • 1,500+ SF stand‑alone office building

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 $74.9k $13.56
− Vacancy −$3.3k −$0.60
EGI $71.6k $12.96
− OpEx −$10.7k −$1.94
NOI $60.9k $11.02
5,524 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$869.5K
$760.9K – $1.01M (±1% cap)
NOI $60,868 @ 7.0% cap · market cap 3.69%
Second Best
Office B
$776.8K
$679.7K – $906.3K (±1% cap)
NOI $54,377 @ 7.0% cap · market cap 3.30%
Theoretical Best
Specialty Retail
$1.09M
$954.6K – $1.27M (±1% cap)
NOI $76,364 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

General Ceiling & Partitions Construction Company Environmental H Vac HVAC Service

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Pharmacy Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

654
Businesses Nearby
Well-served
Demand for This Use

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

Market

Properties on Market for Warehouses in El Paso County

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Office in Colorado Springs, CO

7.9% 2019
8.1% 2020
9.3% 2021
8.5% 2022
10.6% 2023
9.5% 2024
11.3% 2025
Rey
Questions? Ask Rey
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  • Willowstone Self Storage - EAST — 850 Valley St, Colorado Springs, CO 80915
  • Great Plains Moving and Storage — 760 Ford St #100, Colorado Springs, CO 80915
  • U-Pack — 880 Ford St, Colorado Springs, CO 80915

Frequently Asked Questions

What type of property is this?
Warehouse - Industrial property for sale with a warehouse and a stand-alone office plus expansive yard on industrial-zoned land.
Where is this warehouse 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: Functional warehouse plus stand‑alone office building on over 1 acre of industrial‑zoned land in Colorado Springs; Approx. +/- 4,000 SF warehouse space; 1,500+ SF stand‑alone office building
(719) 338-4555 Call to check price and availability
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