Flex Industrial Building with
For Sale
Contact for pricing
3420 N Chelton Loop, Colorado Springs, CO 80909
Flex-style industrial building with demising wall, multi-sided offices and restrooms, and both dock-high and grade-level loading.
Property Size9,200 SF
Price / SF$201.09
Days on Market227
Property Features for 3420 N Chelton Loop
General Information
Standard status
Active
Size
9,200 SF
Property subtype
INDUSTRIAL
Additional Details
Clear Height
18 ft
Listing Agency:
Cushman & Wakefield | Colorado Springs Commercial
(719) 634-1500
Listed By:
Aaron Horn · License #FA100007326
(719) 330-4162
Source:
Moodyscre
Added: Jan 20
Changed: Aug 8
Last Checked: Sep 2 at 12:26AM
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 Cushman & Wakefield | Colorado Springs Commercial
Investment Insights
Based on property information with market context.
3420 N Chelton Loop is a highly functional, flexible owner-user industrial building featuring a layout designed to support single-tenant or multi-tenant use. A demising wall is already in place, and the building includes office areas, restrooms, and access points serving both sides. Warehouse operations are supported by approximately 18 feet of clear height and multiple overhead doors, including dock-high and grade-level loading.
The property also includes a load-bearing mezzanine storage area above the office, with the mezzanine described as not included in the building square footage. This provides additional storage capacity while preserving primary warehouse floor space.
Overall, the building’s combination of flexible division, warehousing height, and loading configuration supports a variety of industrial and light distribution needs within one facility.
The property also includes a load-bearing mezzanine storage area above the office, with the mezzanine described as not included in the building square footage. This provides additional storage capacity while preserving primary warehouse floor space.
Overall, the building’s combination of flexible division, warehousing height, and loading configuration supports a variety of industrial and light distribution needs within one facility.
Key Highlights
- ±1,200 SF flex‑style industrial building configured for single‑user or multi‑tenant use, with a demising wall in place
- Office and restrooms plus access points serve both sides of the building, supporting an owner/tenant split
- Warehouse has approximately 18' clear height and multiple overhead doors
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
$101,373
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
5.48%
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%
$2,027,460
$2.0M
Cap Rate 7%
$1,448,186
$1.4M
Cap Rate 9%
$1,126,367
$1.1M
Market Conditions
NOI Build-Up for 9,200 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
$124.8K $13.56/SF
− Vacancy
−$5.5K −$0.60/SF
EGI
$119.3K $12.96/SF
− OpEx
−$17.9K −$1.94/SF
NOI
$101.4K $11.02/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
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%
$2,027,460
Cap Rate 7%
$1,448,186
Cap Rate 9%
$1,126,367
Alternative Uses
Best Use
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,373 @ 7.0% cap · market cap 5.48%
Second Best
Office B
$1.29M
$1.13M – $1.51M
NOI $90,563 @ 7.0% cap · market cap 4.90%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,181 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,382
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Flex-style industrial building with demising wall, multi-sided offices and restrooms, and both dock-high and grade-level loading.
Where is this flex space located?
The property is located at 3420 N Chelton Loop Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: ±1,200 SF flex‑style industrial building configured for single‑user or multi‑tenant use, with a demising wall in place; Office and restrooms plus access points serve both sides of the building, supporting an owner/tenant split; Warehouse has approximately 18' clear height and multiple overhead doors
