Warehouse For
For Sale
Contact for pricing
5655 Parachute Circle, Colorado Springs, CO 80916
For-sale warehouse property offers approximately 10,000 square feet of industrial space.
Property Size10,000 SF
Price / SF$200
Days on Market170
Property Features for 5655 Parachute Circle
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Zoning
BP AO
Net Operating Income
$76,025
Building Details
Year Built
1995
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Core Commercial Brokerage (CO)
Listed By:
Parker Curry · License #EA100076936
(719) 822-1880
Source:
Crexi
Added: May 6
Changed: Oct 15
Last Checked: Oct 20 at 6:06PM
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 Core Commercial Brokerage (CO)
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Investment Insights
Based on property information with market context.
This for-sale warehouse property is listed as industrial/commercial real estate and includes approximately 10,000 square feet of space. The listing is categorized under warehouses and other warehouses, supporting a flexible warehouse use profile.
The property is located at 5655 Parachute Circle in Colorado Springs, Colorado (80916).
The property is located at 5655 Parachute Circle in Colorado Springs, Colorado (80916).
Key Highlights
- Warehouse with approximately 10,000 SF of industrial space
- Built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,650
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,213,000
$2.2M
Cap Rate 7%
$1,580,714
$1.6M
Cap Rate 9%
$1,229,444
$1.2M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$135.6K $13.56/SF
− Vacancy
−$5.4K −$0.54/SF
EGI
$130.2K $13.02/SF
− OpEx
−$19.5K −$1.95/SF
NOI
$110.6K $11.06/SF
Area
ZIP 80916
Vacancy
4.00%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,213,000
Cap Rate 7%
$1,580,714
Cap Rate 9%
$1,229,444
Alternative Uses
Best Use
Warehouse
$1.58M
$1.38M – $1.84M
NOI $110,650 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.32M
$2.03M – $2.71M
NOI $162,570 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 80916, CO
39,990
Population
15,464
Households
2.6
Avg Household Size
30
Median Age
18%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
2,173
Density / Sq Mi
$63,399
Median Household Income
$37,708
Median Earnings
$1,505
Median Rent
$289,500
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
- Storage Star Colorado Springs — 1935 Aerotech Dr, Colorado Springs, CO 80916
Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse property offers approximately 10,000 square feet of industrial space.
Where is this warehouse located?
The property is located at 5655 Parachute Circle Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Warehouse with approximately 10,000 SF of industrial space; Built in 1995
