5082 List #E, Colorado Springs, CO 80919

Building Details

Year Built 1983 More

Listing Agency: KELLER WILLIAMS CLIENTS CHOICE REALTY

Listed By: JOHN LIESE · License CO #100001666 Show Phone

Source: Corcoran

Added: Oct 20 Changed: Nov 12 Last Checked: Nov 12 at 7:26AM

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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 KELLER WILLIAMS CLIENTS CHOICE REALTY

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Condominium Unit E offers approximately 3,772 square feet arranged as office space alongside an open warehouse area. The building dates to 1983, and the sale covers this unit only; no other part of the complex is included.

The property is in northwest Colorado Springs, with access convenient to I-25 and the Garden of the Gods corridor.

Key Highlights

• Approximately 3,772 SF of office and open warehouse space
• Offering includes Condominium Unit E only
• Northwest Colorado Springs location convenient to I‑25 and the Garden of the Gods corridor

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

Is this asking price fair?

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 (±1% cap)

NOI $41,563 @ 7.0% cap · market cap 5.54%

Second Best

Flex RnD

$519.1K

$454.2K – $605.6K (±1% cap)

NOI $36,336 @ 7.0% cap · market cap 4.84%

Theoretical Best

Specialty Retail

$744.9K

$651.8K – $869.1K (±1% cap)

NOI $52,144 @ 7.0% cap · market cap 6.95%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Colorado Sports (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Auto Repair Shop Law Firm Restaurant Parking Lot & Garage Real Estate Agency Furniture & Home Goods

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

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

Market

Properties on Market for Flex space in Colorado Springs

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Colorado Springs, CO

4.9% 2019

5.5% 2020

4.7% 2021

4.9% 2022

3.5% 2023

3.8% 2024

5.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - The layout pairs professional workspace with an open area suited to warehouse functions.

Where is this flex space located?

The property is located at 5082 List #E 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 SF of office and open warehouse space; Offering includes Condominium Unit E only; Northwest Colorado Springs location convenient to I‑25 and the Garden of the Gods corridor