Flex Space with
For Sale
Contact for pricing
2811 North Prospect Street, Colorado Springs, CO 80907
LI-zoned flex property combining warehouse functionality with showroom space along North Prospect Street.
Property Size4,924 SF
Price / SF$202.88
Days on Market92
Property Features for 2811 North Prospect Street
General Information
Standard status
Active
Size
4,924 SF
Class
C
Property subtype
Industrial
Zoning
LI
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1972
Buildings
1
Tenancy
Single
Listing Agency:
Avenue Transactions
Listed By:
Caleb David · License #ER100054639
Source:
Crexi
Added: Jul 17
Changed: Oct 11
Last Checked: Oct 16 at 6:08AM
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 Avenue Transactions
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.
This 4,924-square-foot flex property combines warehouse space with a showroom in a building constructed in 1972. The LI zoning designation supports its industrial-oriented positioning, while the existing configuration serves both operational and customer-facing functions.
The property is located at 2811 North Prospect Street in Colorado Springs, within the Fillmore Industrial Submarket. Access to the Fillmore Street interchange on I-25 is nearby, with North Nevada Avenue also minutes away. The corridor provides connections across Colorado Springs and toward the Denver metro area and Pueblo.
The property is located at 2811 North Prospect Street in Colorado Springs, within the Fillmore Industrial Submarket. Access to the Fillmore Street interchange on I-25 is nearby, with North Nevada Avenue also minutes away. The corridor provides connections across Colorado Springs and toward the Denver metro area and Pueblo.
Key Highlights
- 4,924‑square‑foot flex property with warehouse and showroom space
- LI zoning designation
- Constructed in 1972
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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 - LI-zoned flex property combining warehouse functionality with showroom space along North Prospect Street.
Where is this flex space located?
The property is located at 2811 North Prospect Street 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 warehouse and showroom space; LI zoning designation; Constructed in 1972
