Warehouse with Fenced
323 Iowa avenue colo Colorado Springs, CO 80909
323 Iowa avenue colo, Colorado Springs, CO, 80909
Contact for pricing
For Sale
Contact for pricing
3,024 SF warehouse with fenced yard for sale.
Property Size3,024 SF
Lot Size0.18 Acres
Price / SF$211.64
Days on Market130
Property Features for 323 Iowa avenue colo
General Information
- Standard status
- Active
- Size
- 3,024 SF
- Lot size
- 0.18 Acres
- Property subtype
- Industrial, Retail
Listing Agency
CBRE - Colorado Springs
Listed by
Andrew Oyler · License #CO FA.040020773
Source
Crexi
Added: Mar 9 Checked: Jul 16 at 3:33 am
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 CBRE - Colorado Springs
Investment Insights
Based on property information with market context.
This 3,024 square foot commercial property is located just north of Highway 24 and east of downtown. The property, situated on an 8,000 square foot lot, is zoned MX-L. The configuration includes a small office area and mostly warehouse space. It features two drive-in doors and a fenced yard. This property can be used as flex space, industrial property, warehouse, office unit, office property, retail space, or general commercial real estate.
Key Highlights
- Convenient location just north of Hwy 24 and east of downtown.
- Large 3,024 SF building suitable for various uses.
- 8,000 SF lot with a fenced yard, providing secure outdoor space.
Local Financial Insights For Warehouse
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 | $41.0k | $13.56 |
| − Vacancy | −$1.8k | −$0.60 |
| EGI | $39.2k | $12.96 |
| − OpEx | −$5.9k | −$1.94 |
| NOI | $33.3k | $11.02 |
3,024 SF · lease $13.56/SF/yr · vacancy 4.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$476.0K
$416.5K – $555.4K
NOI $33,321 @ 7.0% cap · market cap 5.21%
Second Best
Flex RnD
$416.1K
$364.1K – $485.5K
NOI $29,130 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$597.2K
$522.6K – $696.7K
NOI $41,804 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quality Collision & Hail ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
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FAQs
What type of property is this?
Flex space - 3,024 SF warehouse with fenced yard for sale.
Where is this flex space located?
The property is located at 323 Iowa avenue colo Colorado Springs, CO.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Convenient location just north of Hwy 24 and east of downtown.; Large 3,024 SF building suitable for various uses.; 8,000 SF lot with a fenced yard, providing secure outdoor space.
