Two-Building Flex
New
For Sale
$400,000
Pending
500 Rampart Range Road, Woodland Park, CO 80863
Separate showroom, office, and garage areas support a range of commercial operations.
Property Size2,368 SF
Lot Size0.70 Acres
Days on Market7
Property Features for 500 Rampart Range Road
General Information
Standard status
Pending
Size
2,368 SF
Lot size
0.70 Acres
Property subtype
Industrial
Zoning
Neighborhood Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Property Use
Commercial
Taxes and HOA fees
Annual Taxes
$10,206
Amenities
high-speed fiber internet
kitchenette
Building Details
Year Built
1985
Buildings
2
Construction
bermed
Listing Agency:
Pikes Peak Homes and Land Ltd
Listed By:
Chris Clark CRS GRI
(719) 464-5839
Source:
Curtisryanrealestate
Added: Oct 21
Changed: Oct 26
Last Checked: Oct 26 at 1:16PM
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 Pikes Peak Homes and Land Ltd
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two buildings totaling approximately 2,368 square feet sit on 0.7 acres in Woodland Park. Neighborhood Commercial zoning applies to the property. Building 1 includes a garage, showroom, office, bathroom, and storeroom; Building 2 offers garage, office, kitchenette, and bathroom space. Both buildings have fiber internet, with 400-amp service in the first and 200-amp service in the second.
Garage features include ceiling heights of 13 feet and 10 feet, respective garage doors measuring 12x12 feet and 10x9 feet, and an industrial exhaust system in the second building. The first building also has 30- and 50-amp outlets and a wash sink. The property was built in 1985 and has views of Pikes Peak.
Garage features include ceiling heights of 13 feet and 10 feet, respective garage doors measuring 12x12 feet and 10x9 feet, and an industrial exhaust system in the second building. The first building also has 30- and 50-amp outlets and a wash sink. The property was built in 1985 and has views of Pikes Peak.
Key Highlights
- Two buildings on 0.7 acres; Neighborhood Commercial zoning
- Building 1: approximately 1,408 square feet; 400‑amp electric service
- Building 1 garage: 23x31 feet, 13‑foot ceiling, 12x12‑foot door, 30- and 50‑amp outlets, and wash sink
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,517
Cap Rate
8.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,340
$670.3K
Cap Rate 7%
$478,814
$478.8K
Cap Rate 9%
$372,411
$372.4K
Market Conditions
NOI Build-Up for 2,368 SF
Gross rent
$50.3K $21.24/SF
− Vacancy
−$2.4K −$1.02/SF
EGI
$47.9K $20.22/SF
− OpEx
−$14.4K −$6.07/SF
NOI
$33.5K $14.15/SF
Area
Teller County, CO
Vacancy
4.80%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,340
Cap Rate 7%
$478,814
Cap Rate 9%
$372,411
Alternative Uses
Best Use
Retail
$478.8K
$419.0K – $558.6K
NOI $33,517 @ 7.0% cap · market cap 8.38%
Second Best
Flex RnD
$448.8K
$392.7K – $523.6K
NOI $31,418 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$605.2K
$529.6K – $706.1K
NOI $42,367 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Separate showroom, office, and garage areas support a range of commercial operations.
Where is this flex space located?
The property is located at 500 Rampart Range Road Woodland Park, CO.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two buildings on 0.7 acres; Neighborhood Commercial zoning; Building 1: approximately 1,408 square feet; 400‑amp electric service; Building 1 garage: 23x31 feet, 13‑foot ceiling, 12x12‑foot door, 30- and 50‑amp outlets, and wash sink
