NNN Industrial Investment
New
For Sale
$615,000
2045 Aeroplaza Drive, Colorado Springs, CO 80916
A corporate tenant occupies a freestanding building with office and warehouse areas under a NNN lease.
Property Size3,840 SF
Lot Size0.50 Acres
Price / SF$160.16
Days on Market3
Property Features for 2045 Aeroplaza Drive
General Information
Standard status
Active
Size
3,840 SF
Lot size
0.50 Acres
Property subtype
Industrial, Investment
Zoning
BP (Business Park)
Financials
Asking Price
$615,000
Cap Rate
7.7%
Site & Location
Neighborhood
Southborough
Additional Details
Drive-In Doors
1
Tenant in Place
Yes
Property Use
Industrial
Building Details
Building Size
3,840 SF
Buildings
1
Listing Agency:
Hoff & Leigh
(719) 630-2277
Listed By:
Holly Trinidad · License #ER.100022369
(719) 337-0999
Source:
Hoffleigh
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:56PM
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 Hoff & Leigh
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding industrial property contains 3,840 square feet on an approximately 0.50-acre lot. About 35% of the building is finished as office space, with the remainder configured as warehouse area and served by a 12-foot drive-through overhead door. The property is zoned BP (Business Park).
The NNN lease is with The Terminix International Company Limited Partnership and runs through October 31, 2028, with one five-year renewal option. Contractual rent increases are 4% annually through October 2028. The property is in RDH Business Park near Powers and Fountain Boulevards and the Colorado Springs Airport.
The NNN lease is with The Terminix International Company Limited Partnership and runs through October 31, 2028, with one five-year renewal option. Contractual rent increases are 4% annually through October 2028. The property is in RDH Business Park near Powers and Fountain Boulevards and the Colorado Springs Airport.
Key Highlights
- 3,840‑square‑foot freestanding industrial building on approximately 0.50 acres
- NNN lease with The Terminix International Company Limited Partnership through October 31, 2028
- One five‑year renewal option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,489
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,780
$849.8K
Cap Rate 7%
$606,986
$607.0K
Cap Rate 9%
$472,100
$472.1K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$52.1K $13.56/SF
− Vacancy
−$2.1K −$0.54/SF
EGI
$50.0K $13.02/SF
− OpEx
−$7.5K −$1.95/SF
NOI
$42.5K $11.06/SF
Area
ZIP 80916
Vacancy
4.00%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$849,780
Cap Rate 7%
$606,986
Cap Rate 9%
$472,100
Alternative Uses
Best Use
Warehouse
$607.0K
$531.1K – $708.2K
NOI $42,489 @ 7.0% cap · market cap 6.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$891.8K
$780.3K – $1.04M
NOI $62,427 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 80916, CO
39,990
Population
15,464
Households
2.6
Avg Household Size
30
Median Age
18%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
2,173
Density / Sq Mi
$63,399
Median Household Income
$37,708
Median Earnings
$1,505
Median Rent
$289,500
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?
NNN property - A corporate tenant occupies a freestanding building with office and warehouse areas under a NNN lease.
Where is this nnn property located?
The property is located at 2045 Aeroplaza Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: 3,840‑square‑foot freestanding industrial building on approximately 0.50 acres; NNN lease with The Terminix International Company Limited Partnership through October 31, 2028; One five‑year renewal option
