Office-Warehouse Flex
New
For Sale
$750,000
5082 List Drive, Colorado Springs, CO 80919
Commercial, Colorado Springs, CO
Property Size3,772 SF
Price / SF$198.83
Days on Market1
Property Features for 5082 List Drive
General Information
Property type
Commercial Sale
Property subtype
Office
Standard status
Active
Building Details
Year built
1983
Listing Agency:
Keller Williams Clients Choice Realty · Keller Williams Realty
(719) 535-0355
Listed By:
John Liese
(719) 287-0900
Added: Oct 20
Last Checked: Oct 20 at 8:06PM
MLS# 4271227
Copyright © 2026 elevateMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Condominium Unit E contains approximately 3,772 square feet, arranged with a professional office area and open warehouse space. The offering is limited to this individual unit; the remainder of the complex is not included. The property was built in 1983.
The unit is in northwest Colorado Springs, with access to I-25 and the Garden of the Gods corridor.
The unit is in northwest Colorado Springs, with access to I-25 and the Garden of the Gods corridor.
Key Highlights
- Approximately 3,772 square feet of office and warehouse space
- Open warehouse area paired with a professional office component
- Sale includes Condominium Unit E only
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,563
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,260
$831.3K
Cap Rate 7%
$593,757
$593.8K
Cap Rate 9%
$461,811
$461.8K
Market Conditions
NOI Build-Up for 3,772 SF
Gross rent
$51.1K $13.56/SF
− Vacancy
−$2.3K −$0.60/SF
EGI
$48.9K $12.96/SF
− OpEx
−$7.3K −$1.94/SF
NOI
$41.6K $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 Rate 5%
$831,260
Cap Rate 7%
$593,757
Cap Rate 9%
$461,811
Alternative Uses
Best Use
Warehouse
$593.8K
$519.5K – $692.7K
NOI $41,563 @ 7.0% cap · market cap 5.54%
Second Best
Flex RnD
$519.1K
$454.2K – $605.6K
NOI $36,336 @ 7.0% cap · market cap 4.84%
Theoretical Best
Specialty Retail
$744.9K
$651.8K – $869.1K
NOI $52,144 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
975
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80919, CO
28,909
Population
12,033
Households
2.4
Avg Household Size
43
Median Age
62%
College-Educated
98%
High-School Grad
27.4 sq mi
ZIP Area
1,055
Density / Sq Mi
$116,316
Median Household Income
$60,084
Median Earnings
$1,800
Median Rent
$570,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Similar Off Market Nearby
- Bird Dog BBQ — 4153 Centennial Blvd, Colorado Springs, CO 80907
Frequently Asked Questions
What type of property is this?
Flex space - A combined office and open warehouse layout provides both administrative and storage space within one condominium unit.
Where is this flex space located?
The property is located at 5082 List Drive Colorado Springs, CO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3,772 square feet of office and warehouse space; Open warehouse area paired with a professional office component; Sale includes Condominium Unit E only
