Colorado Springs Flex/Industrial
For Sale
$3,299,000
5415 Mark Dabling Blvd, Colorado Springs, CO 80918
Flex/Industrial property available for sale in Colorado Springs, CO.
Property Size22,684 SF
Price / SF$145.43
Days on Market173
Property Features for 5415 Mark Dabling Blvd
General Information
Standard status
Active
Size
22,684 SF
Class
C
Property subtype
Office - Flex - Office
Building Details
Building Size
22,684 SF
Year Built
1985
Listing Agency:
SOCO Commercial Real Estate
Listed By:
Russell Stroud · License #FA40033398
(719) 888-9901
Source:
Commercialcafe
Added: Mar 26
Changed: Sep 8
Last Checked: Sep 14 at 5:37AM
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 SOCO Commercial Real Estate
Investment Insights
Based on property information with market context.
This commercial real estate property, located in Colorado Springs, CO, offers 22,684 square feet of flex and industrial space. The property is suitable for warehouse, office, and other commercial uses.
Key Highlights
- Flex/Industrial property
- Available for sale
- Located in Colorado Springs, CO
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
$300,967
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
9.12%
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%
$6,019,340
$6.0M
Cap Rate 7%
$4,299,529
$4.3M
Cap Rate 9%
$3,344,078
$3.3M
Market Conditions
NOI Build-Up for 22,684 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
$490.0K $21.60/SF
− Vacancy
−$26.9K −$1.19/SF
EGI
$463.0K $20.41/SF
− OpEx
−$162.1K −$7.14/SF
NOI
$301.0K $13.27/SF
Area
ZIP 80918
Vacancy
5.50%
Lease Rate
$21.60 /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%
$6,019,340
Cap Rate 7%
$4,299,529
Cap Rate 9%
$3,344,078
Alternative Uses
Best Use
Flex RnD
$4.30M
$3.76M – $5.02M
NOI $300,967 @ 7.0% cap · market cap 9.12%
Second Best
Industrial
$2.60M
$2.28M – $3.04M
NOI $182,162 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$5.80M
$5.07M – $6.76M
NOI $405,847 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex/Industrial property available for sale in Colorado Springs, CO.
Where is this flex space located?
The property is located at 5415 Mark Dabling Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,299,000.
What are key features of this property?
This property features: Flex/Industrial property; Available for sale; Located in Colorado Springs, CO
