Flex Property with Loading
For Sale
Contact for pricing
3950 East Bijou Street, Colorado Springs, CO 80909
Office and warehouse components combine with new finishes and on-site parking in a business park setting.
Property Size28,838 SF
Lot Size3.30 Acres
Price / SF$190.72
Days on Market112
Property Features for 3950 East Bijou Street
General Information
Standard status
Active
Size
28,838 SF
Lot size
3.30 Acres
Property subtype
Office, Industrial
Investment Type
Owner/User
Additional Details
Asking Price
$5,500,000
Building Details
Units
84
Tenancy
Multi
Building Size
28,838 SF
Listing Agency:
Core Commercial Brokerage (CO)
Listed By:
Parker Curry · License #EA100076936
(719) 822-1880
Source:
Crexi
Added: May 14
Changed: Aug 31
Last Checked: Aug 31 at 2:43AM
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 Core Commercial Brokerage (CO)
Investment Insights
Based on property information with market context.
This 28,838-square-foot flex property occupies 3.3 acres within Town and Country Business Park. The improvements combine office and warehouse areas, with multiple grade-level loading doors supporting functional access for industrial and flex operations. Office sections feature extensive glass, while new finishes have been installed throughout the property.
Ample parking serves the building, and the property includes significant income already in place. Its combination of office, warehouse, loading, and parking components provides a versatile commercial configuration within an established business park environment.
Ample parking serves the building, and the property includes significant income already in place. Its combination of office, warehouse, loading, and parking components provides a versatile commercial configuration within an established business park environment.
Key Highlights
- 28,838‑square‑foot flex property on 3.3 acres
- Multiple grade‑level loading doors
- Office and warehouse components in one facility
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
$317,762
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
5.78%
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%
$6,355,240
$6.4M
Cap Rate 7%
$4,539,457
$4.5M
Cap Rate 9%
$3,530,689
$3.5M
Market Conditions
NOI Build-Up for 28,838 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
$391.0K $13.56/SF
− Vacancy
−$17.2K −$0.60/SF
EGI
$373.8K $12.96/SF
− OpEx
−$56.1K −$1.94/SF
NOI
$317.8K $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%
$6,355,240
Cap Rate 7%
$4,539,457
Cap Rate 9%
$3,530,689
Alternative Uses
Best Use
Warehouse
$4.54M
$3.97M – $5.30M
NOI $317,762 @ 7.0% cap · market cap 5.78%
Second Best
Office B
$4.06M
$3.55M – $4.73M
NOI $283,874 @ 7.0% cap · market cap 5.16%
Theoretical Best
Specialty Retail
$5.70M
$4.98M – $6.64M
NOI $398,657 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
Balanced
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse components combine with new finishes and on-site parking in a business park setting.
Where is this flex space located?
The property is located at 3950 East Bijou Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 28,838‑square‑foot flex property on 3.3 acres; Multiple grade‑level loading doors; Office and warehouse components in one facility
