2903 North Prospect Street, Colorado Springs, CO 80907
Industrial building in Colorado Springs with fenced outdoor storage and light industrial zoning for flexible manufacturing use.
- Added:
- Jun 11, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 13 at 2:56 am
Property Features for 2903 North Prospect Street
General Information
- Standard status
- Active
- Size
- 18,233 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1966
Listing agent Simon Penner
Listing office Miramont Commercial Real Estate (719) 229-1585
Listing date Jun 11, 2026
Source Miramontcre
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HighLights
- 18,233 SF industrial building in Colorado Springs, built in 1966 and currently set up as a MMJ grow
- Zoned Light Industrial (LI) for light manufacturing or other industrial uses
- Fenced outdoor storage with improvements completed in 2014
- New roof installed in 2018
- Forced air HVAC and floor drains, plus electrical and plumbing already in place
- 2903 N Prospect St industrial property with fenced storage and light industrial zoning
Overview
The property is located at 2903 North Prospect Street in Colorado Springs. It is zoned Light Industrial (LI), aligning the site with a range of light manufacturing or industrial uses as permitted under the local zoning designation.
For buyers or operators seeking a light industrial facility that already supports an industrial-grade environment, this asset offers an existing operating setup and functional building systems, including HVAC and floor drains. The fenced outdoor storage area provides additional enclosed/controlled space to support onsite processes tied to industrial use.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $247.2k | $13.56 |
| − Vacancy | −$10.9k | −$0.60 |
| EGI | $236.4k | $12.96 |
| − OpEx | −$70.9k | −$3.89 |
| NOI | $165.5k | $9.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.8105786
- Latitude
- 38.8722902
