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 Market238
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
Listed By:
Chris Myers · License #CO FA100053767
(719) 630-2277
Source:
Crexi
Added: Feb 10
Changed: Sep 29
Last Checked: Oct 5 at 6:32PM
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 / Yr
$79,093
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
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
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 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
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
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Similar Off Market Nearby
- Academy Circle Vehicle Storage — 2175 Academy Cir, Colorado Springs, CO 80909
- SecurCare Self Storage — 2345 Academy Pl, Colorado Springs, CO 80909
- Academy Place Office & Storage — 2345 academy pl, colorado springs, co 80909
- SecurCare Self Storage — 3737 Maizeland Rd, 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.
