Building Details

Year Built 1996

Listing Agency: COLDWELL BANKER BEYOND

Listed By: JASON ROSHEK CRS GRI Show Phone

Source: Corcoran

Added: Oct 10 Changed: Oct 14 Last Checked: Oct 12 at 8:10PM

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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 COLDWELL BANKER BEYOND

Investment Insights

Based on property information with market context.

This 6,872-square-foot warehouse includes two private offices and an entry reception area at the front, with warehouse space behind. An upper-level loft provides additional storage, and the building also has interior vault storage.

A loading dock with an overhead door supports shipping and receiving. The fenced docking area offers outdoor storage, while a gated rear lot provides parking and access. Built in 1996, the property combines office, warehouse, loading, and secured outdoor areas.

Key Highlights

• 6,872 square feet of warehouse space
• Two private offices and an entry reception area
• Upper‑level loft and interior vault storage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,649

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,232,980 $1.2M

Cap Rate 7%

$880,700 $880.7K

Cap Rate 9%

$684,989 $685.0K

Market Conditions

NOI Build-Up for 6,872 SF

Gross rent

$75.9K $11.04/SF

− Vacancy

−$3.3K −$0.49/SF

EGI

$72.5K $10.55/SF

− OpEx

−$10.9K −$1.58/SF

NOI

$61.6K $8.97/SF

Area

Teller County, CO

Vacancy

4.40%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,232,980

Cap Rate 7%

$880,700

Cap Rate 9%

$684,989

Alternative Uses

Best Use

Warehouse

$880.7K

$770.6K – $1.03M (±1% cap)

NOI $61,649 @ 7.0% cap · market cap 4.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $122,949 @ 7.0% cap · market cap 9.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Pikes Peak Rock ... Department Store

Suggested Use

Top Pick HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Dock-high doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

564

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 80863, CO

12,738

Population

5,734

Households

2.2

Avg Household Size

49

Median Age

42%

College-Educated

97%

High-School Grad

173.4 sq mi

ZIP Area

73

Density / Sq Mi

$100,011

Median Household Income

$49,333

Median Earnings

$1,960

Median Rent

$503,400

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Front offices and reception provide a separate workspace alongside warehouse operations.

Where is this warehouse located?

The property is located at 451 Forest Edge Woodland Park, CO.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: 6,872 square feet of warehouse space; Two private offices and an entry reception area; Upper‑level loft and interior vault storage