Shop/Warehouse Building For
For Sale
Contact for pricing
1883 S Chelton Rd, Colorado Springs, CO 80910
Well-maintained shop/warehouse building ideal for various business uses.
Property Size6,573 SF
Price / SF$273.85
Days on Market193
Property Features for 1883 S Chelton Rd
General Information
Standard status
Active
Size
6,573 SF
Property subtype
Industrial, Retail
Zoning
MX-M CU AO
Investment Type
Owner/User
Listing Agency:
Cushman & Wakefield Colorado Springs Commercial
(719) 649-7292
Listed By:
Chris Myers · License #CO FA100053767
Source:
Crexi
Added: Feb 10
Changed: Aug 12
Last Checked: Aug 21 at 6:35AM
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 Cushman & Wakefield Colorado Springs Commercial
Investment Insights
Based on property information with market context.
This well-maintained metal shop/warehouse building is available for sale. The property features a functional layout with four overhead doors, including two 16’x14’ doors and two 12’x12’ doors, supporting efficient operations, storage, and vehicle flow. It is ideally suited for contractors, auto, fleet service, fabrication, or trade users. The building is a freestanding, single-tenant configuration. The property benefits from bus line proximity, quick access to I-25, and is a short drive to Colorado Springs Airport. It is also near established South Academy retail and service nodes. The building has a size of 6573 square feet.
Key Highlights
- Clean, well‑maintained freestanding metal building ideal for owner‑users.
- Functional layout with four overhead doors (two 16’x14’ and two 12’x12’) for efficient operations.
- Suitable for contractors, auto, fleet service, fabrication, or trade users.
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
$79,093
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
4.39%
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%
$1,581,860
$1.6M
Cap Rate 7%
$1,129,900
$1.1M
Cap Rate 9%
$878,811
$878.8K
Market Conditions
NOI Build-Up for 6,573 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
$118.3K $18.00/SF
− Vacancy
−$5.3K −$0.81/SF
EGI
$113.0K $17.19/SF
− OpEx
−$33.9K −$5.16/SF
NOI
$79.1K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,581,860
Cap Rate 7%
$1,129,900
Cap Rate 9%
$878,811
Alternative Uses
Best Use
Retail
$1.13M
$988.7K – $1.32M
NOI $79,093 @ 7.0% cap · market cap 4.39%
Second Best
Warehouse
$1.03M
$905.3K – $1.21M
NOI $72,427 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.51M
NOI $90,865 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,019
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80910, CO
30,991
Population
13,940
Households
2.2
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
6.1 sq mi
ZIP Area
5,080
Density / Sq Mi
$56,681
Median Household Income
$37,110
Median Earnings
$1,299
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Similar Off Market Nearby
- SecurCare Self Storage — 2345 Academy Pl, Colorado Springs, CO 80909
- SecurCare Self Storage — 3737 Maizeland Rd, Colorado Springs, CO 80909
- Academy Circle Vehicle Storage — 2175 Academy Cir, Colorado Springs, CO 80909
- Academy Place Office & Storage — 2345 academy pl, colorado springs, co 80909
Frequently Asked Questions
What type of property is this?
Warehouse - Well-maintained shop/warehouse building ideal for various business uses.
Where is this warehouse located?
The property is located at 1883 S Chelton Rd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Clean, well‑maintained freestanding metal building ideal for owner‑users.; Functional layout with **four overhead doors** (two 16’x14’ and two 12’x12’) for efficient operations.; Suitable for contractors, auto, fleet service, fabrication, or trade users.
