Multi-Building Flex
New
For Sale
$3,150,000
5225 Galley Rd, Colorado Springs, CO 80915
Commercial Sale, Colorado Springs, CO
Property Size30,080 SF
Lot Size2.64 Acres
Price / SF$104.72
Days on Market2
Property Features for 5225 Galley Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OTH
Subdivision
North Of Pueblo County
Lot features
Neighborhood Business District
Elementary school
11
Middle school
11
High school
11
Standard status
Active
APN
6412305013
Size
30,080 SF
Lot size
2.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 SCANDALIATO SUB COLO SPGS; LOT 2 SCANDALIATO SUB COLO SPGS; LOT 2 SCANDALIATO SUB NO 2; LOT 1 SCANDALIATO SUB NO 2
Tax Annual Amount
43006
Legal Description
LOT 1 SCANDALIATO SUB COLO SPGS; LOT 2 SCANDALIATO SUB COLO SPGS; LOT 2 SCANDALIATO SUB NO 2; LOT 1 SCANDALIATO SUB NO 2
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
rear overhead garage doors
two-story-height garage areas
Building Details
Year built
1985
Floors in Building
2
Roof type
Rubber, Metal
Listing Agency:
RE/MAX Associates · RE/MAX International
(719) 583-8383
Listed By:
Joe Villalva
(719) 664-9326
Added: Aug 27
Last Checked: Aug 28 at 4:06PM
MLS# 241974
Copyright © 2026 Pueblo Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 30,080-square-foot flex property comprises four parcels assembled as one commercial offering. Two street-facing, two-story buildings contain 20 units, while two additional rear structures provide six warehouse units. Eight ground-level units feature rear overhead garage doors leading to large two-story-height garage areas. The configuration supports retail, service, storage, showroom, and light industrial uses. Existing tenants provide current income, and the property includes vacant space. Built in 1985, the buildings have central air, natural gas and forced-air heating, public water, public sewer, and rubber and metal roofing.
The property occupies 2.64 acres along Galley Road in Colorado Springs, three blocks west of Powers Blvd. The offering includes 5215, 5235, 5255, and 5265 Galley Rd, Colorado Springs, CO 80915. Multiple unit layouts accommodate both owner-user and multi-tenant commercial operations.
The property occupies 2.64 acres along Galley Road in Colorado Springs, three blocks west of Powers Blvd. The offering includes 5215, 5235, 5255, and 5265 Galley Rd, Colorado Springs, CO 80915. Multiple unit layouts accommodate both owner-user and multi-tenant commercial operations.
Key Highlights
- 30,080‑square‑foot flex property assembled from four parcels
- Two street‑facing buildings contain 20 total units
- Two rear warehouse buildings add 6 warehouse units
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
$289,761
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
9.20%
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%
$5,795,220
$5.8M
Cap Rate 7%
$4,139,443
$4.1M
Cap Rate 9%
$3,219,567
$3.2M
Market Conditions
NOI Build-Up for 30,080 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
$469.2K $15.60/SF
− Vacancy
−$23.5K −$0.78/SF
EGI
$445.8K $14.82/SF
− OpEx
−$156.0K −$5.19/SF
NOI
$289.8K $9.63/SF
Area
Colorado Springs, CO
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$5,795,220
Cap Rate 7%
$4,139,443
Cap Rate 9%
$3,219,567
Alternative Uses
Best Use
Retail
$5.17M
$4.52M – $6.03M
NOI $361,953 @ 7.0% cap · market cap 11.49%
Second Best
Warehouse
$4.73M
$4.14M – $5.52M
NOI $331,447 @ 7.0% cap · market cap 10.52%
Theoretical Best
Specialty Retail
$5.94M
$5.20M – $6.93M
NOI $415,826 @ 7.0% cap · market cap 13.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Four parcels combine retail, service, storage, showroom, and light industrial configurations in one commercial complex.
Where is this flex space located?
The property is located at 5225 Galley Rd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 30,080‑square‑foot flex property assembled from four parcels; Two street‑facing buildings contain 20 total units; Two rear warehouse buildings add 6 warehouse units
