Automotive Flex Bay
For Sale
Contact for pricing
2235-2255 Spectra Dr, Colorado Springs, CO 80904
Private automotive bays offer finished concrete floors, a restroom, and a large 14-foot overhead door.
Property Size1,152 SF
Price / SF$347.22
Days on Market905
Property Features for 2235-2255 Spectra Dr
General Information
Standard status
Active
Size
1,152 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Midland
Additional Details
Business Included
No
Drive-In Doors
1
Amenities
mezzanine
stairway
finished concrete flooring
restroom
gated community
Listing Agency:
Thrive Commercial Partners
(719) 530-4400
Listed By:
Logan Harrison · License #100053803
(719) 314-6833
Source:
Moodyscre
Added: May 8, 2024
Changed: Oct 25
Last Checked: Oct 28 at 10:56AM
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 Thrive Commercial Partners
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Investment Insights
Based on property information with market context.
This for-sale automotive flex suite is designed as a private bay within a dedicated automotive development. Each bay includes finished concrete flooring throughout, a spacious restroom, and a huge 14-foot overhead door for vehicle access. An optional 340-square-foot mezzanine above the garage floor is available, along with a stairway to reach the upper area.
The property is located at 2235-2255 Spectra Dr in Colorado Springs, within Colorado’s newest “My Car Barn” gated community development geared toward automotive enthusiasts.
Suites are currently offered starting at 1,152 square feet, with private-bay configurations intended to support vehicle storage and hands-on use in an organized, gated setting.
The property is located at 2235-2255 Spectra Dr in Colorado Springs, within Colorado’s newest “My Car Barn” gated community development geared toward automotive enthusiasts.
Suites are currently offered starting at 1,152 square feet, with private-bay configurations intended to support vehicle storage and hands-on use in an organized, gated setting.
Key Highlights
- Private automotive bays in Colorado’s My Car Barn development, with units starting at 1,152 SF
- Suite amenities include finished concrete flooring throughout and a spacious restroom
- Large 14‑foot overhead door for vehicle access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,862
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,240
$277.2K
Cap Rate 7%
$198,029
$198.0K
Cap Rate 9%
$154,022
$154.0K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$20.7K $18.00/SF
− Vacancy
−$933 −$0.81/SF
EGI
$19.8K $17.19/SF
− OpEx
−$5.9K −$5.16/SF
NOI
$13.9K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,240
Cap Rate 7%
$198,029
Cap Rate 9%
$154,022
Alternative Uses
Best Use
Retail
$198.0K
$173.3K – $231.0K
NOI $13,862 @ 7.0% cap · market cap 3.47%
Second Best
Flex RnD
$158.5K
$138.7K – $185.0K
NOI $11,097 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$227.5K
$199.1K – $265.4K
NOI $15,925 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Under-served
Demand for This Use
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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?
Flex space - Private automotive bays offer finished concrete floors, a restroom, and a large 14-foot overhead door.
Where is this flex space 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 $400,000.
What are key features of this property?
This property features: Private automotive bays in Colorado’s My Car Barn development, with units starting at 1,152 SF; Suite amenities include finished concrete flooring throughout and a spacious restroom; Large 14‑foot overhead door for vehicle access
