Storage Condos / Man-Cave
For Sale
Contact for pricing
2510 Canada Dr, Colorado Springs, CO
Storage condos/man-cave units available for purchase, ready by year's end.
Property Size810 SF
Lot Size3.32 Acres
Price / SF$265.43
Days on Market260
Property Features for 2510 Canada Dr
General Information
Standard status
Active
Size
810 SF
Lot size
3.32 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Hoff & Leigh
(719) 337-0999
Listed By:
Holly Trinidad · License #FA.040000557
(719) 337-0999
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:03AM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
Seventy storage condo/man-cave units are being pre-sold, with delivery expected by the end of the year. Located at the intersection of Peterson & Constitution, the units range in size from 810 to 1,190 square feet. The project is designed as a Class A storage facility for RVs and other storage needs. Each unit includes a gas furnace, a sprinkler system, a wash sink, and pre-plumbing for a bathroom. Three common bathrooms are planned for the facility. Units will feature a high-finish epoxy floor, 125 amp electric service, a 12’ x 16’ roll-up door, and a 3’ wide man-door. The entire project will be fenced and have controlled access. On-site amenities will include a dump station and a vehicle wash bay.
Key Highlights
- Class A storage condos/man‑caves ideal for RVs and various storage needs.
- Conveniently located at the intersection of Peterson & Constitution.
- Special bank financing available with low down payments and low monthly payments.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,675
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,500
$153.5K
Cap Rate 7%
$109,643
$109.6K
Cap Rate 9%
$85,278
$85.3K
Market Conditions
NOI Build-Up for 810 SF
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.
Gross rent
$11.7K $14.40/SF
− Vacancy
−$700 −$0.86/SF
EGI
$11.0K $13.54/SF
− OpEx
−$3.3K −$4.06/SF
NOI
$7.7K $9.48/SF
Area
Colorado Springs, CO
Vacancy
6.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,500
Cap Rate 7%
$109,643
Cap Rate 9%
$85,278
Alternative Uses
Best Use
Self Storage
$109.6K
$95.9K – $127.9K
NOI $7,675 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$105.0K
$91.9K – $122.5K
NOI $7,350 @ 7.0% cap · market cap 3.42%
Theoretical Best
Specialty Retail
$160.0K
$140.0K – $186.6K
NOI $11,197 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Storage condos/man-cave units available for purchase, ready by year's end.
Where is this self storage facility located?
The property is located at 2510 Canada Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Class A storage condos/man‑caves ideal for RVs and various storage needs.; Conveniently located at the intersection of Peterson & Constitution.; Special bank financing available with low down payments and low monthly payments.
