Freestanding Industrial
For Sale
$650,000
2002 Sheldon Avenue, Colorado Springs, CO 80904
Standalone industrial space with direct access near Hwy 24 and 21st Street.
Property Size2,225 SF
Price / SF$292.13
Days on Market32
Property Features for 2002 Sheldon Avenue
General Information
Standard status
Active
Size
2,225 SF
Property subtype
Industrial
Additional Details
Highway Access
Yes
Three-Phase Power
Yes
Building Details
Buildings
1
Building Size
2,225 SF
Listed By:
Andy Oyler
(719) 321-7977
Source:
Cbre
Added: Sep 16
Changed: Oct 16
Last Checked: Oct 16 at 8:11AM
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 Andy Oyler
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Investment Insights
Based on property information with market context.
This freestanding industrial building contains 2,225 SF and is positioned for an owner-user seeking a standalone commercial facility. The property is located at 2002 Sheldon Ave in Colorado Springs, Colorado, within ZIP Code 80904.
Access is available just off Hwy 24 and 21st Street, providing a practical connection to established transportation routes. The asset is classified as an industrial property and is offered for sale.
Access is available just off Hwy 24 and 21st Street, providing a practical connection to established transportation routes. The asset is classified as an industrial property and is offered for sale.
Key Highlights
- 2,225 SF industrial building
- Standalone building configuration
- Located at 2002 Sheldon Ave, Colorado Springs, CO 80904
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,190
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,800
$403.8K
Cap Rate 7%
$288,429
$288.4K
Cap Rate 9%
$224,333
$224.3K
Market Conditions
NOI Build-Up for 2,225 SF
Gross rent
$30.2K $13.56/SF
− Vacancy
−$1.3K −$0.60/SF
EGI
$28.8K $12.96/SF
− OpEx
−$8.7K −$3.89/SF
NOI
$20.2K $9.07/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,800
Cap Rate 7%
$288,429
Cap Rate 9%
$224,333
Alternative Uses
Best Use
Industrial
$288.4K
$252.4K – $336.5K
NOI $20,190 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$439.4K
$384.5K – $512.6K
NOI $30,758 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,524
Businesses Nearby
Explore this area
Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
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
Frequently Asked Questions
What type of property is this?
Industrial property - Standalone industrial space with direct access near Hwy 24 and 21st Street.
Where is this industrial property located?
The property is located at 2002 Sheldon Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,225 SF industrial building; Standalone building configuration; Located at 2002 Sheldon Ave, Colorado Springs, CO 80904
