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 Market134
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
(719) 425-7139
Listed By:
Caleb David (he/him/his)
(719) 425-7139
Source:
Moodyscre
Added: Apr 21
Changed: Aug 29
Last Checked: Aug 30 at 9:38PM
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
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 = 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
$59,250
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
5.93%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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?
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
