Two-Building Industrial
223 East Polk Street Colorado Springs, CO 80907
223 East Polk Street, Colorado Springs, CO, 80907
Contact for pricing
For Sale
Contact for pricing
Two-building industrial portfolio available for sale, offering consolidated ownership for industrial users and investors.
Property Size9,600 SF
Price / SF$100
Days on Market58
Property Features for 223 East Polk Street
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1985
Listing agency
Olive Real Estate Group
(719) 598-3000
Listed by
Charley Conrad · License #CO EA.001200455
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:49PM Checked: Jul 22 at 3:49PM
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 Olive Real Estate Group
Investment Insights
Based on property information with market context.
This offering presents a two-building industrial portfolio for sale. The property is identified as a commercial real estate industrial asset, structured as two separate buildings within the same portfolio package.
The portfolio is located at 223 East Polk Street in Colorado Springs, Colorado (80907). Buyers have the opportunity to evaluate the buildings together as a single industrial purchase rather than acquiring an individual structure.
For industrial buyers and investors, the two-building configuration can support a range of operating needs, including holding multiple spaces under one ownership structure. Prospective tenants, buyers, and brokers can review each building’s layout and intended use during their due diligence to determine how the combined portfolio may fit their requirements. Because the listing information provided focuses on the portfolio structure and availability for sale, interested parties should confirm building-specific details, condition, and suitability directly during the inspection and underwriting process.
The portfolio is located at 223 East Polk Street in Colorado Springs, Colorado (80907). Buyers have the opportunity to evaluate the buildings together as a single industrial purchase rather than acquiring an individual structure.
For industrial buyers and investors, the two-building configuration can support a range of operating needs, including holding multiple spaces under one ownership structure. Prospective tenants, buyers, and brokers can review each building’s layout and intended use during their due diligence to determine how the combined portfolio may fit their requirements. Because the listing information provided focuses on the portfolio structure and availability for sale, interested parties should confirm building-specific details, condition, and suitability directly during the inspection and underwriting process.
Key Highlights
- Two‑building industrial portfolio for sale
- Year built: 1985
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $130.2k | $13.56 |
| − Vacancy | −$5.7k | −$0.60 |
| EGI | $124.4k | $12.96 |
| − OpEx | −$37.3k | −$3.89 |
| NOI | $87.1k | $9.07 |
9,600 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,781 @ 7.0% cap · market cap 11.02%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $87,114 @ 7.0% cap · market cap 9.07%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,710 @ 7.0% cap · market cap 13.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
A-1 Professional Window ...
Interior Design
Blicks Sporting Goods
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 3061 Wood Ave, Colorado Springs, CO 80907
- Self-Storage at U-Haul — 3105 N Nevada Ave, Colorado Springs, CO 80907
- Daniels Moving and Storage — 2325 Sinton Rd, Colorado Springs, CO 80907
- Allied Van Lines — 2838 N El Paso St #99a, Colorado Springs, CO 80907
- TMT Self Storage — 3215 Fillmore Ridge Heights, Colorado Springs, CO 80907
FAQs
What type of property is this?
Warehouse - Two-building industrial portfolio available for sale, offering consolidated ownership for industrial users and investors.
Where is this warehouse located?
The property is located at 223 East Polk Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Two‑building industrial portfolio for sale; Year built: 1985
