Flexible Mixed-Use Industrial
2502 E Bijou St Colorado Springs, CO 80909
2502 E Bijou St, Colorado Springs, CO, 80909
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For Sale
Contact for pricing
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 Market181
Property Features for 2502 E Bijou St
General Information
- Standard status
- Active
- Size
- 3,678 SF
- Lot size
- 0.38 Acres
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1961
Listing agency
Peak Commercial Properties
(719) 759-9935
Listed by
Jason Castro · License #ER.100092537
Source
Crexi
Added: Jan 21 Updated: Jul 21 at 2:39AM Checked: Jul 21 at 2:39AM
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
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.
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 | $66.2k | $18.00 |
| − Vacancy | −$3.0k | −$0.81 |
| EGI | $63.2k | $17.19 |
| − OpEx | −$19.0k | −$5.16 |
| NOI | $44.3k | $12.03 |
3,678 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$632.2K
$553.2K – $737.6K
NOI $44,257 @ 7.0% cap · market cap 5.21%
Second Best
Warehouse
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 4.77%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
We Grow Colorado
Alternative Medicine Practice
KC's K9s
Animal Training
Road Work Ahead ...
Construction Company
New Hope Rescue
Animal Shelter
Similar For Sale Nearby
Similar Off Market Nearby
- Amazing Graze Charcuterie Co — 2506 Robinson St, Colorado Springs, CO 80904
FAQs
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.
