Heated Flex Industrial
For Sale
Contact for pricing
2555 WESTON RD, Colorado Springs, CO 80910
M2-zoned condominium combines a heated work area, office, restroom, and three-phase power.
Property Size1,513 SF
Price / SF$148.71
Days on Market24
Property Features for 2555 WESTON RD
General Information
Standard status
Active
Size
1,513 SF
Class
C
Total Parking Spaces
4
Property subtype
Industrial
Zoning
M2
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Power
200 amps
Three-Phase Power
Yes
Building Details
Year Built
1967
Buildings
1
Stories
1
Units
1
Listing Agency:
RE/MAX Properties
(719) 570-9000
Listed By:
Rob Rolley · License #FA40047227
Source:
Crexi
Added: Aug 10
Changed: Aug 30
Last Checked: Aug 31 at 11:01PM
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 RE/MAX Properties
Investment Insights
Based on property information with market context.
This 1,513 SF industrial condominium provides a practical combination of heated warehouse space and office area, along with a restroom. The property includes 200 Amp, 3-phase electrical service and newly installed wall-mounted ventilation fans, supporting a range of industrial operations. Constructed in 1967, the facility is suited to users requiring both work and administrative areas within one unit.
The property is located at 2555 Weston Rd in Colorado Springs, with access to Hancock Expressway, South Circle Drive, and I-25. M2 zoning adds an important land-use designation for evaluating the property. The layout and infrastructure provide a straightforward format for industrial, fabrication, automotive, contractor, or light manufacturing operations, as identified in the property information.
The property is located at 2555 Weston Rd in Colorado Springs, with access to Hancock Expressway, South Circle Drive, and I-25. M2 zoning adds an important land-use designation for evaluating the property. The layout and infrastructure provide a straightforward format for industrial, fabrication, automotive, contractor, or light manufacturing operations, as identified in the property information.
Key Highlights
- 1,513 SF industrial condominium with warehouse, office, and restroom
- 200 Amp, 3‑phase electrical service
- Heated warehouse and office areas
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
$16,672
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
7.41%
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%
$333,440
$333.4K
Cap Rate 7%
$238,171
$238.2K
Cap Rate 9%
$185,244
$185.2K
Market Conditions
NOI Build-Up for 1,513 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
$20.5K $13.56/SF
− Vacancy
−$903 −$0.60/SF
EGI
$19.6K $12.96/SF
− OpEx
−$2.9K −$1.94/SF
NOI
$16.7K $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 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%
$333,440
Cap Rate 7%
$238,171
Cap Rate 9%
$185,244
Alternative Uses
Best Use
Warehouse
$238.2K
$208.4K – $277.9K
NOI $16,672 @ 7.0% cap · market cap 7.41%
Second Best
Office B
$212.8K
$186.2K – $248.2K
NOI $14,894 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$298.8K
$261.5K – $348.6K
NOI $20,916 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80910, CO
30,991
Population
13,940
Households
2.2
Avg Household Size
32
Median Age
25%
College-Educated
89%
High-School Grad
6.1 sq mi
ZIP Area
5,080
Density / Sq Mi
$56,681
Median Household Income
$37,110
Median Earnings
$1,299
Median Rent
$276,900
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - M2-zoned condominium combines a heated work area, office, restroom, and three-phase power.
Where is this flex space located?
The property is located at 2555 WESTON RD Colorado Springs, CO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,513 SF industrial condominium with warehouse, office, and restroom; 200 Amp, 3‑phase electrical service; Heated warehouse and office areas
