2295 Spectra Drive, Colorado Springs, CO 80904
3,750 sqft flex building on 0.37 acres with M1 zoning.
- Added:
- Mar 6, 2026
- Days on Market:
- 102
- Last Refresh:
- Mar 16 at 11:02 am
Property Features for 2295 Spectra Drive
General Information
- Standard status
- Active
- Size
- 3,750 SF
- Lot size
- 0.37 Acres
Building Details
- Year Built
- 2005
Listing agent ULI PRYSE ABR CMRS CNE GRI MCNE SRES
Listing office CENTURY 21 ALTITUDE REAL ESTATE (720) 221-1700
Listing date Mar 6, 2026
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 ALTITUDE REAL ESTATE
HighLights
- Flexible M1 zoning allows for light to medium commercial uses.
- Approximately 3,750 sq.ft. of flexible workspace, including a large open front area, rear workspace, and loft.
- Two 12 x 12 roll‑up doors (one elevated, one drive‑in) provide excellent functionality.
- Fourteen parking spaces available (eight in front, six in rear).
- Well‑maintained building built in 2005 with metal construction, steel roof, and fully insulated.
- Equipped with 200‑amp single‑phase electrical service, extensive cabinetry, LED lighting, and radiant gas heat.
Overview
Local Financial Insights For Retail
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 | $67.5k | $18.00 |
| − Vacancy | −$3.0k | −$0.81 |
| EGI | $64.5k | $17.19 |
| − OpEx | −$19.3k | −$5.16 |
| NOI | $45.1k | $12.03 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.8642126
- Latitude
- 38.8326893