Flex Space with Overhead
For Sale
$175,000
2510 Canada Drive, Colorado Springs, CO 80922
Commercial, Colorado Springs, CO
Property Size810 SF
Price / SF$216.05
Days on Market12
Property Features for 2510 Canada Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Amenities
gated community
RV dump station
potable water
dedicated mailbox
Building Details
Year built
2025
Listing Agency:
Exp Realty LLC
(888) 440-2724
Listed By:
Ryan Meyer
(719) 723-1755
Added: Oct 5
Last Checked: Oct 16 at 1:06PM
MLS# 6773745
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit A119 is an 810-square-foot flex condominium measuring 18 feet by 45 feet, with an 18-foot clear height and a 15-foot-by-12-foot overhead door. The unit is under construction, with a 2025 year built. Interior features include water, natural gas heat, fire sprinklers, a separate man door and a 125-amp single-phase electrical panel. The panel has two 20-amp, two 40-amp and two 50-amp breakers. Owners may establish a mailing address for the unit and receive a dedicated mailbox.
The gated community has an RV dump station and potable water near its entrance; these amenities are included through the HOA. Access is available from Constitution Avenue, with connections to Powers Boulevard, Platte Avenue/US-24 and Marksheffel Road. Use is subject to applicable restrictions and governing documents.
The gated community has an RV dump station and potable water near its entrance; these amenities are included through the HOA. Access is available from Constitution Avenue, with connections to Powers Boulevard, Platte Avenue/US-24 and Marksheffel Road. Use is subject to applicable restrictions and governing documents.
Key Highlights
- 810 SF garage condominium with 18' x 45' dimensions
- 18' clear height and 15' x 12' overhead door
- 125‑amp single‑phase panel with (2) 20‑amp, (2) 40‑amp and (2) 50‑amp breakers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,803
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,060
$156.1K
Cap Rate 7%
$111,471
$111.5K
Cap Rate 9%
$86,700
$86.7K
Market Conditions
NOI Build-Up for 810 SF
Gross rent
$12.6K $15.60/SF
− Vacancy
−$632 −$0.78/SF
EGI
$12.0K $14.82/SF
− OpEx
−$4.2K −$5.19/SF
NOI
$7.8K $9.63/SF
Area
Colorado Springs, CO
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,060
Cap Rate 7%
$111,471
Cap Rate 9%
$86,700
Alternative Uses
Best Use
Flex RnD
$111.5K
$97.5K – $130.1K
NOI $7,803 @ 7.0% cap · market cap 4.46%
Second Best
Industrial
$105.0K
$91.9K – $122.5K
NOI $7,350 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$160.0K
$140.0K – $186.6K
NOI $11,197 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80922, CO
29,392
Population
11,355
Households
2.6
Avg Household Size
34
Median Age
41%
College-Educated
96%
High-School Grad
5.8 sq mi
ZIP Area
5,068
Density / Sq Mi
$107,457
Median Household Income
$51,165
Median Earnings
$1,952
Median Rent
$407,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Similar Off Market Nearby
- A Piece of Cake Catering — 1865 Peterson Rd, Colorado Springs, CO 80915
- Chocolate Fountain Rental — 1865 Peterson Rd, Colorado Springs, CO 80915
Frequently Asked Questions
What type of property is this?
Flex space - A gated ownership setting includes water, natural gas heat, fire sprinklers and a dedicated mailbox.
Where is this flex space located?
The property is located at 2510 Canada Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 810 SF garage condominium with 18' x 45' dimensions; 18' clear height and 15' x 12' overhead door; 125‑amp single‑phase panel with (2) 20‑amp, (2) 40‑amp and (2) 50‑amp breakers
