Leased Warehouse Near
4795 Northpark Dr, Colorado Springs, CO 80918
For Sale
$3,500,000
Fully leased warehouse property with I-25 access and recent upgrades.
Property Size23,190 SF
Lot Size1.52 Acres
Days on Market350
Property Features for 4795 Northpark Dr
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
TREND COMMERCIAL LLC
Listed By:
Richard Kelly · License CO #100024995
(719) 632-1500
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Aug 25 at 8:34AM
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 TREND COMMERCIAL LLC
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Investment Insights
Based on property information with market context.
This multi-tenant Class B+ office/warehouse property is located in the Garden of the Gods area, one block from I-25. The total building size is 23,190 square feet. Suite 4703 comprises 7,502 square feet with a 50% office and 50% warehouse layout, while Suite 4755 offers 15,688 square feet with a 10% office and 90% warehouse configuration. The warehouse features an 18-foot clear height, dock doors, and ramp doors. A new roof was installed in 2022. The property has been 99% occupied for over 20 years. Additional features include a large breakroom and restrooms on both floors. The Net Operating Income (NOI) for 2024 is projected at $220,000, with a cap rate of 6%.
Key Highlights
- Fully Leased with $220,000 NOI (2024) and a 6% Cap Rate
- Great Access to I‑25
- Complete New Roof in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$307,680
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,153,600
$6.2M
Cap Rate 7%
$4,395,429
$4.4M
Cap Rate 9%
$3,418,667
$3.4M
Market Conditions
NOI Build-Up for 23,190 SF
Gross rent
$500.9K $21.60/SF
− Vacancy
−$27.5K −$1.19/SF
EGI
$473.4K $20.41/SF
− OpEx
−$165.7K −$7.14/SF
NOI
$307.7K $13.27/SF
Area
ZIP 80918
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,153,600
Cap Rate 7%
$4,395,429
Cap Rate 9%
$3,418,667
Alternative Uses
Best Use
Flex RnD
$4.40M
$3.85M – $5.13M
NOI $307,680 @ 7.0% cap · market cap 8.79%
Second Best
Warehouse
$3.23M
$2.83M – $3.77M
NOI $226,130 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$5.93M
$5.19M – $6.92M
NOI $414,900 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Colorado Springs
Vacancy Rate% for Industrial in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased warehouse property with I-25 access and recent upgrades.
Where is this warehouse located?
The property is located at 4795 Northpark Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully Leased with $220,000 NOI (2024) and a 6% Cap Rate; Great Access to I‑25; Complete New Roof in 2022
