Flex Space with Fenced Storage
New
For Sale
$645,000
519 Juanita Street, Colorado Springs, CO 80909
Office, showroom, and warehouse areas are paired with drive-in access to a secured outdoor storage area.
Property Size2,592 SF
Price / SF$248.84
Days on Market2
Property Features for 519 Juanita Street
General Information
Standard status
Active
Size
2,592 SF
Property subtype
Industrial
Zoning
LI
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
800 SF
Drive-In Doors
3
Building Details
Building Size
2,592 SF
Listing Agency:
CBRE - Colorado Springs
Listed By:
Andy Oyler
(719) 321-7977
Source:
Cbre
Added: Oct 4
Last Checked: Oct 4 at 2:05PM
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 CBRE - Colorado Springs
Investment Insights
Based on property information with market context.
This flex property contains approximately 2,592 square feet, including a 1,792-square-foot main building and an 800-square-foot warehouse. The main building is laid out with roughly two-thirds office and showroom space and one-third warehouse space. An additional warehouse extends from the front of the building to an outdoor storage area at the rear. The property is zoned LI (Light Industrial).
One drive-in door is located at the property entrance, with two more at the rear providing access to the fenced storage yard.
One drive-in door is located at the property entrance, with two more at the rear providing access to the fenced storage yard.
Key Highlights
- Approximately 2,592 SF total: 1,792 SF main building and 800 SF additional warehouse
- Main building is approximately two‑thirds office/showroom and one‑third warehouse
- Three drive‑in doors: one at the entrance and two at the rear
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$571,220
$571.2K
Cap Rate 7%
$408,014
$408.0K
Cap Rate 9%
$317,344
$317.3K
Market Conditions
NOI Build-Up for 2,592 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$35.1K $13.56/SF
− Vacancy
−$1.5K −$0.60/SF
EGI
$33.6K $12.96/SF
− OpEx
−$5.0K −$1.94/SF
NOI
$28.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$571,220
Cap Rate 7%
$408,014
Cap Rate 9%
$317,344
Alternative Uses
Best Use
Warehouse
$408.0K
$357.0K – $476.0K
NOI $28,561 @ 7.0% cap · market cap 4.43%
Second Best
Flex RnD
$356.7K
$312.1K – $416.2K
NOI $24,969 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$511.9K
$447.9K – $597.2K
NOI $35,832 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
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 Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, and warehouse areas are paired with drive-in access to a secured outdoor storage area.
Where is this flex space located?
The property is located at 519 Juanita Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $645,000.
What are key features of this property?
This property features: Approximately 2,592 SF total: 1,792 SF main building and 800 SF additional warehouse; Main building is approximately two‑thirds office/showroom and one‑third warehouse; Three drive‑in doors: one at the entrance and two at the rear
