Flex Space With
For Sale
Contact for pricing
2811-2811 N Prospect St, Colorado Springs, CO 80907
Combined showroom, warehouse, and office areas support customer-facing and back-of-house operations.
Property Size4,924 SF
Price / SF$202.88
Days on Market179
Property Features for 2811-2811 N Prospect St
General Information
Standard status
Active
Size
4,924 SF
Property subtype
INDUSTRIAL
Listing Agency:
David Commercial Real Estate/KW Premier Realty
Listed By:
Caleb David (he/him/his)
(719) 425-7139
Source:
Moodyscre
Added: Apr 21
Changed: Oct 1
Last Checked: Oct 16 at 11:04AM
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 David Commercial Real Estate/KW Premier Realty
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Investment Insights
Based on property information with market context.
This 4,924-square-foot flex property combines a dedicated showroom with a clear-span warehouse, private office or administrative area, and drive-in access. Two grade-level overhead doors support freight handling and vehicle entry, while the interior configuration connects customer-facing space with operational areas.
A small secure fenced yard provides outdoor space for equipment, vehicles, or storage. Located at 2811 N Prospect St in Colorado Springs, the property accommodates a range of commercial functions, including distribution, trades, light manufacturing, and direct-to-customer service operations.
A small secure fenced yard provides outdoor space for equipment, vehicles, or storage. Located at 2811 N Prospect St in Colorado Springs, the property accommodates a range of commercial functions, including distribution, trades, light manufacturing, and direct-to-customer service operations.
Key Highlights
- 4,924‑square‑foot flex property with showroom, warehouse, and office areas
- Two grade‑level overhead doors provide freight and vehicle access
- Clear‑span warehouse interior supports flexible operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,250
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,000
$1.2M
Cap Rate 7%
$846,429
$846.4K
Cap Rate 9%
$658,333
$658.3K
Market Conditions
NOI Build-Up for 4,924 SF
Gross rent
$88.6K $18.00/SF
− Vacancy
−$4.0K −$0.81/SF
EGI
$84.6K $17.19/SF
− OpEx
−$25.4K −$5.16/SF
NOI
$59.3K $12.03/SF
Area
Colorado Springs, CO
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,000
Cap Rate 7%
$846,429
Cap Rate 9%
$658,333
Alternative Uses
Best Use
Retail
$846.4K
$740.6K – $987.5K
NOI $59,250 @ 7.0% cap · market cap 5.93%
Second Best
Warehouse
$775.1K
$678.2K – $904.3K
NOI $54,257 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$972.4K
$850.9K – $1.13M
NOI $68,069 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,074
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
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
Frequently Asked Questions
What type of property is this?
Flex space - Combined showroom, warehouse, and office areas support customer-facing and back-of-house operations.
Where is this flex space located?
The property is located at 2811-2811 N Prospect St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 4,924‑square‑foot flex property with showroom, warehouse, and office areas; Two grade‑level overhead doors provide freight and vehicle access; Clear‑span warehouse interior supports flexible operations
