2748-2778 Janitell Rd, Colorado Springs, CO 80906

Listing Agency: SOCO Commercial Real Estate, LLC Show Phone

Listed By: Russell Stroud · License #FA40033398 Show Phone

Source: Moodyscre

Added: Nov 3 Changed: Nov 4 Last Checked: Nov 6 at 8:23AM

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Investment Insights

Based on property information with market context.

This 24,904-square-foot flex property is zoned MX-M, accommodating office, light industrial, and service-commercial uses. Select units have 10'x10' grade-level overhead doors and rear loading areas for deliveries and other operational needs.

The property sits in a business park near the Circle/Janitell interchange and I-25. Nearby businesses include automotive services, trades, and professional offices. The location provides access to downtown Colorado Springs, Fort Carson, and the south metro area.

Key Highlights

• 24,904‑square‑foot flex property
• MX‑M zoning allows office, light industrial, and service‑commercial uses
• Select units include 10'x10' grade‑level overhead doors and rear loading

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$236,112

Cap Rate

8.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,722,240 $4.7M

Cap Rate 7%

$3,373,029 $3.4M

Cap Rate 9%

$2,623,467 $2.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 24,904 SF

Gross rent

$388.5K $15.60/SF

− Vacancy

−$25.3K −$1.01/SF

EGI

$363.2K $14.59/SF

− OpEx

−$127.1K −$5.11/SF

NOI

$236.1K $9.48/SF

Area

ZIP 80906

Vacancy

6.50%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,722,240

Cap Rate 7%

$3,373,029

Cap Rate 9%

$2,623,467

Alternative Uses

Best Use

Flex RnD

$3.37M

$2.95M – $3.94M (±1% cap)

NOI $236,112 @ 7.0% cap · market cap 8.59%

Second Best

Industrial

$2.86M

$2.50M – $3.33M (±1% cap)

NOI $199,989 @ 7.0% cap · market cap 7.27%

Theoretical Best

Multifamily LT 5

$4.71M

$4.12M – $5.49M (±1% cap)

NOI $329,637 @ 7.0% cap · market cap 11.99%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Pharmacy HVAC Service Parking Lot & Garage Real Estate Agency Big Box & Wholesale Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

662

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 80906, CO

39,019

Population

16,771

Households

2.3

Avg Household Size

39

Median Age

49%

College-Educated

95%

High-School Grad

45.6 sq mi

ZIP Area

856

Density / Sq Mi

$88,047

Median Household Income

$47,314

Median Earnings

$1,634

Median Rent

$543,400

Median Home Value

Market

Properties on Market for Flex space in Colorado Springs

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Colorado Springs, CO

4.9% 2019

5.5% 2020

4.7% 2021

4.9% 2022

3.5% 2023

3.8% 2024

5.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - MX-M zoning supports office, light industrial, and service-commercial uses within the property.

Where is this flex space located?

The property is located at 2748-2778 Janitell Rd Colorado Springs, CO.

What is the asking price?

The asking price for this property is $2,750,000.

What are key features of this property?

This property features: 24,904‑square‑foot flex property; MX‑M zoning allows office, light industrial, and service‑commercial uses; Select units include 10'x10' grade‑level overhead doors and rear loading