Flexible Mixed-Use Industrial
For Sale
Contact for pricing
2502 E Bijou St, Colorado Springs, CO 80909
Flexible MX-L property with reception, warehouse area, overhead garage door, and fenced paved outdoor storage/parking.
Property Size3,678 SF
Lot Size0.38 Acres
Price / SF$231.10
Days on Market272
Property Features for 2502 E Bijou St
General Information
Standard status
Active
Size
3,678 SF
Class
C
Lot size
0.38 Acres
Property subtype
Industrial, Office
Zoning
MX-L
Occupancy
100%
Lease Type
Modified Gross
Net Operating Income
$56,950
Additional Details
Cap Rate
6.7%
Fenced Yard
Yes
Drive-In Doors
1
Building Details
Year Built
1961
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Peak Commercial Properties
Listed By:
Jason Castro · License #ER.100092537
(719) 759-9935
Source:
Crexi
Added: Jan 21
Changed: Oct 13
Last Checked: Oct 19 at 6:05AM
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 Peak Commercial Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
2502 E Bijou Street is a flexible mixed-use industrial property with a reception area and warehouse space, supported by an overhead garage door. The county assessor lists 3,678 square feet, with an additional 1,248 square feet of functional basement space that is not included in the recorded square footage.
A 0.38-acre site surrounds the building with fenced and paved outdoor storage or parking, adding practical utility for a range of day-to-day operations. The property is zoned MX-L, which provides long-term flexibility across a broad set of allowable uses.
The existing configuration and improvements support a variety of operational needs, including retail, office, auto repair, construction sales and services, self storage, and other allowable uses.
A 0.38-acre site surrounds the building with fenced and paved outdoor storage or parking, adding practical utility for a range of day-to-day operations. The property is zoned MX-L, which provides long-term flexibility across a broad set of allowable uses.
The existing configuration and improvements support a variety of operational needs, including retail, office, auto repair, construction sales and services, self storage, and other allowable uses.
Key Highlights
- Tenant in place with 6.7% cap rate.
- Zoned MX‑L for long‑term flexibility with a wide range of uses.
- 3,678 SF per county assessor, plus an additional 1,248 SF functional basement space not included in recorded SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,527
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,540
$810.5K
Cap Rate 7%
$578,957
$579.0K
Cap Rate 9%
$450,300
$450.3K
Market Conditions
NOI Build-Up for 3,678 SF
Gross rent
$49.9K $13.56/SF
− Vacancy
−$2.2K −$0.60/SF
EGI
$47.7K $12.96/SF
− OpEx
−$7.2K −$1.94/SF
NOI
$40.5K $11.02/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,540
Cap Rate 7%
$578,957
Cap Rate 9%
$450,300
Alternative Uses
Best Use
Warehouse
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 4.77%
Second Best
Office B
$517.2K
$452.6K – $603.4K
NOI $36,205 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$726.4K
$635.6K – $847.4K
NOI $50,845 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Colorado Springs, CO
Similar Off Market Nearby
- Amazing Graze Charcuterie Co — 2506 Robinson St, Colorado Springs, CO 80904
Frequently Asked Questions
What type of property is this?
Flex space - Flexible MX-L property with reception, warehouse area, overhead garage door, and fenced paved outdoor storage/parking.
Where is this flex space located?
The property is located at 2502 E Bijou St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Tenant in place with 6.7% cap rate.; Zoned MX‑L for long‑term flexibility with a wide range of uses.; 3,678 SF per county assessor, plus an additional 1,248 SF functional basement space not included in recorded SF.
