Functional Industrial Buildings in Colorado
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2235-2255 Spectra Dr, Colorado Springs, CO 80906
Modern industrial buildings totaling 10,000 SF in desirable Westside.
Property Size10,000 SF
Price / SF$220
Days on Market264
Property Features for 2235-2255 Spectra Dr
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
13
Property subtype
Industrial
Zoning
LI
Investment Type
Owner/User
Building Details
Year Built
2004
Listing Agency:
Cushman & Wakefield Colorado Springs Commercial
Listed By:
Aaron Horn · License #CO FA100007326
(719) 418-4070
Source:
Crexi
Added: Jan 24
Changed: Oct 15
Last Checked: Oct 14 at 7:55PM
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
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Investment Insights
Based on property information with market context.
The property at 2235–2255 Spectra Drive consists of two well-maintained industrial buildings totaling approximately 10,000 square feet, with each building containing approximately 5,000 square feet. Constructed in 2004, the improvements offer a more contemporary industrial design. Both buildings are currently occupied on month-to-month leases, providing immediate flexibility. The site is fully fenced and designed for efficient circulation, staging, and secure outdoor storage. Each building is equipped with multiple grade-level loading doors. The 14-foot clear height provides functional warehouse volume for racking, fabrication, or light manufacturing operations. The property is further enhanced by strong electrical infrastructure with three-phase power. Strategically located on the Westside of Colorado Springs, the property benefits from proximity to major transportation corridors and a strong surrounding industrial and commercial user base. The location provides convenient access across the city while remaining positioned within a growing and increasingly desirable employment and industrial node. The property is zoned LI (Light Industrial) under the City of Colorado Springs Unified Development Code, which allows for a wide range of light industrial, warehouse, fabrication, assembly, service, and commercial uses.
Key Highlights
- Modern industrial buildings totaling 10,000 SF, built in 2004, ideal for owner/users and investors.
- Flexible LI (Light Industrial) zoning allows for a wide range of uses.
- Currently leased on a month‑to‑month basis, providing flexibility.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,512
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,950,240
$2.0M
Cap Rate 7%
$1,393,029
$1.4M
Cap Rate 9%
$1,083,467
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$120.0K $12.00/SF
− Vacancy
−$5.3K −$0.53/SF
EGI
$114.7K $11.47/SF
− OpEx
−$17.2K −$1.72/SF
NOI
$97.5K $9.75/SF
Area
ZIP 80906
Vacancy
4.40%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,950,240
Cap Rate 7%
$1,393,029
Cap Rate 9%
$1,083,467
Alternative Uses
Best Use
Warehouse
$1.39M
$1.22M – $1.63M
NOI $97,512 @ 7.0% cap · market cap 4.43%
Second Best
Industrial
$1.15M
$1.00M – $1.34M
NOI $80,304 @ 7.0% cap · market cap 3.65%
Theoretical Best
Multifamily LT 5
$1.89M
$1.65M – $2.21M
NOI $132,363 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 80906, CO
39,019
Population
16,771
Households
2.3
Avg Household Size
39
Median Age
49%
College-Educated
95%
High-School Grad
45.6 sq mi
ZIP Area
856
Density / Sq Mi
$88,047
Median Household Income
$47,314
Median Earnings
$1,634
Median Rent
$543,400
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
Similar Off Market Nearby
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- Plasco U-Store-It — 2123 Bott Ave, Colorado Springs, CO 80904
- D & D Sales-Rv Storage — 301 S 18th St, Colorado Springs, CO 80904
Frequently Asked Questions
What type of property is this?
Warehouse - Modern industrial buildings totaling 10,000 SF in desirable Westside.
Where is this warehouse located?
The property is located at 2235-2255 Spectra Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Modern industrial buildings totaling 10,000 SF, built in 2004, ideal for owner/users and investors.; Flexible LI (Light Industrial) zoning allows for a wide range of uses.; Currently leased on a month‑to‑month basis, providing flexibility.
