Industrial Property with
209 S 21st St, Colorado Springs, CO 80904
For Sale
Contact for pricing
A 950-square-foot industrial property includes a small shed and a new sewer line.
Property Size950 SF
Price / SF$262.11
Days on Market31
Property Features for 209 S 21st St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Listing Agency:
Madison Commercial Properties
Listed By:
Nicholas Jurgens
(303) 771-3850
Source:
Moodyscre
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 12 at 5:13AM
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 Madison Commercial Properties
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Investment Insights
Based on property information with market context.
This 950-square-foot industrial property includes a small shed and a garage shed. A new sewer line serves the property. The address is 209 S 21st St in Colorado Springs, Colorado.
Key Highlights
- 950‑square‑foot industrial property
- New sewer line
- Includes a small shed and a garage shed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,621
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$172,420
$172.4K
Cap Rate 7%
$123,157
$123.2K
Cap Rate 9%
$95,789
$95.8K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$12.9K $13.56/SF
− Vacancy
−$567 −$0.60/SF
EGI
$12.3K $12.96/SF
− OpEx
−$3.7K −$3.89/SF
NOI
$8.6K $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%
$172,420
Cap Rate 7%
$123,157
Cap Rate 9%
$95,789
Alternative Uses
Best Use
Industrial
$123.2K
$107.8K – $143.7K
NOI $8,621 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$187.6K
$164.2K – $218.9K
NOI $13,133 @ 7.0% cap · market cap 5.27%
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
Yes
Utilities to site
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
$413,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Industrial properties in Colorado Springs, CO
Properties on Market for Industrial properties in Colorado Springs
Vacancy Rate% for Industrial in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Industrial property - A 950-square-foot industrial property includes a small shed and a new sewer line.
Where is this industrial property located?
The property is located at 209 S 21st St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 950‑square‑foot industrial property; New sewer line; Includes a small shed and a garage shed
