Retail/Flex Building with
1545 York Road Colorado Springs, CO 80918
1545 York Road, Colorado Springs, CO, 80918
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For Sale
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Partially leased retail/flex building with 31 parking spaces and zoning MX-L/CR, offering additional space for lease-up.
Property Size5,862 SF
Price / SF$186.80
Days on Market85
Property Features for 1545 York Road
General Information
- Standard status
- Active
- Size
- 5,862 SF
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1971
Listing agency
Thrive Commercial Partners
(719) 535-0500
Listed by
Stephen Swiatek · License #CO-100087058
Source
Crexi
Added: Apr 29 Updated: Jul 21 at 6:43AM Checked: Jul 21 at 6:43AM
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 Thrive Commercial Partners
Investment Insights
Based on property information with market context.
This 5,862-square-foot retail/flex building was built in 1971 and is currently partially leased. One tenant occupies 4,319 SF, with an additional 1,543 SF available for an owner-user or future leasing.
The property is positioned at the exit of King Soopers, supporting convenient access for daily shopping traffic and strong storefront presence. The site includes 31 parking spaces.
Zoned MX-L/CR, the building offers a flexible retail and service-oriented use framework that can support both immediate occupancy and long-term adaptability.
The property is positioned at the exit of King Soopers, supporting convenient access for daily shopping traffic and strong storefront presence. The site includes 31 parking spaces.
Zoned MX-L/CR, the building offers a flexible retail and service-oriented use framework that can support both immediate occupancy and long-term adaptability.
Key Highlights
- 5,862 SF retail/flex building built in 1971 with functional footprint and 1,543 SF currently available
- Partially leased: tenant occupies 4,319 SF for in‑place income, with additional space available for an owner‑user or lease‑up
- 31 parking spaces on site
Local Financial Insights For Flex RnD
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 | $126.6k | $21.60 |
| − Vacancy | −$7.0k | −$1.19 |
| EGI | $119.7k | $20.41 |
| − OpEx | −$41.9k | −$7.14 |
| NOI | $77.8k | $13.27 |
5,862 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.11M
$972.2K – $1.30M
NOI $77,776 @ 7.0% cap · market cap 7.10%
Second Best
Retail
$1.06M
$928.7K – $1.24M
NOI $74,299 @ 7.0% cap · market cap 6.79%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,879 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Acumen Contracting Group, ...
Roofing Company
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FAQs
What type of property is this?
Flex space - Partially leased retail/flex building with 31 parking spaces and zoning MX-L/CR, offering additional space for lease-up.
Where is this flex space located?
The property is located at 1545 York Road Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 5,862 SF retail/flex building built in 1971 with functional footprint and 1,543 SF currently available; Partially leased: tenant occupies 4,319 SF for in‑place income, with additional space available for an owner‑user or lease‑up; 31 parking spaces on site
