Multifamily
New
For Sale
$638,767
330 Vehr Drive, Colorado Springs, CO 80916
The property has R-5 AO zoning and baseboard heating supplied by hot water.
Property Size3,240 SF
Price / SF$197.15
Days on Market5
Property Features for 330 Vehr Drive
General Information
Standard status
Active
Size
3,240 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
R-5 AO
Lease Term
12 Months
Taxes and HOA fees
Annual Taxes
$2,242
Amenities
Baseboard, Hot Water
Oven, Range, Refrigerator
Partial
Asphalt
Private Yard
Building Details
Building Size
3,240 SF
Year Built
1972
Listing Agency:
BH&G-Kenney and Company
Listed By:
Aaron Moore · License #100045037
(719) 287-8881
Source:
Evrealestate
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 6:31PM
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 BH&G-Kenney and Company
Investment Insights
Based on property information with market context.
This multifamily property at 330 Vehr Drive in Colorado Springs was built in 1972. Interior features include baseboard, hot-water heating and an oven, range, and refrigerator. The property also includes a private yard and asphalt exterior features.
Key Highlights
- R‑5 AO zoning
- Built in 1972
- Baseboard heating with hot water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,761
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,220
$675.2K
Cap Rate 7%
$482,300
$482.3K
Cap Rate 9%
$375,122
$375.1K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$69.6K $21.48/SF
− Vacancy
−$8.2K −$2.53/SF
EGI
$61.4K $18.95/SF
− OpEx
−$27.6K −$8.53/SF
NOI
$33.8K $10.42/SF
Area
ZIP 80916
Vacancy
11.80%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$675,220
Cap Rate 7%
$482,300
Cap Rate 9%
$375,122
Alternative Uses
Best Use
Apartment 5plus
$482.3K
$422.0K – $562.7K
NOI $33,761 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.5K
$658.4K – $877.9K
NOI $52,673 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
449
Businesses Nearby
Explore this area
Business Placement
Demographics for 80916, CO
39,990
Population
15,464
Households
2.6
Avg Household Size
30
Median Age
18%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
2,173
Density / Sq Mi
$63,399
Median Household Income
$37,708
Median Earnings
$1,505
Median Rent
$289,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Multifamily property - The property has R-5 AO zoning and baseboard heating supplied by hot water.
Where is this multifamily property located?
The property is located at 330 Vehr Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $638,767.
What are key features of this property?
This property features: R‑5 AO zoning; Built in 1972; Baseboard heating with hot water
