Warehouse Property for
For Sale
$1,099,000
6345 E Platte Ave, Colorado Springs, CO 80903
Commercial warehouse property available for sale at 6345 E Platte Ave, suited for industrial storage and distribution uses.
Property Size8,640 SF
Days on Market67
Property Features for 6345 E Platte Ave
General Information
Standard status
Active
Size
8,640 SF
Property subtype
Industrial
Building Details
Building Size
8,640 SF
Listing Agency:
Olive Real Estate Group
Listed By:
Alex Dumas · License #FA.040034163
(719) 598-3000
Source:
Commercialcafe
Added: Jun 30
Changed: Sep 3
Last Checked: Sep 2 at 1:21PM
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 Olive Real Estate Group
Investment Insights
Based on property information with market context.
This listing presents a warehouse property available for sale. The asset is categorized for industrial use as a warehouse and is marketed as commercial real estate under “Other warehouses,” giving it a straightforward profile for buyers seeking warehouse space.
The property is located at 6345 E Platte Ave in Colorado Springs, CO 80915. While no specific site improvements, building details, or layout information are provided in the offering data, the address identifies the asset for buyers and brokers to coordinate due diligence on access, existing improvements, and building configuration.
For tenant and buyer consideration, warehouse-format space typically supports storage, light distribution, and other logistics-focused operations, depending on what is available onsite. Interested parties should verify loading, power, ceiling clearances, office buildout, and any functional features that matter for their specific use during inspection and underwriting. Because the available information is limited to the property type and sale status, prospective buyers are encouraged to request the full offering package or schedule a walkthrough to confirm the details needed to evaluate fit, functionality, and any renovation or operational requirements.
The property is located at 6345 E Platte Ave in Colorado Springs, CO 80915. While no specific site improvements, building details, or layout information are provided in the offering data, the address identifies the asset for buyers and brokers to coordinate due diligence on access, existing improvements, and building configuration.
For tenant and buyer consideration, warehouse-format space typically supports storage, light distribution, and other logistics-focused operations, depending on what is available onsite. Interested parties should verify loading, power, ceiling clearances, office buildout, and any functional features that matter for their specific use during inspection and underwriting. Because the available information is limited to the property type and sale status, prospective buyers are encouraged to request the full offering package or schedule a walkthrough to confirm the details needed to evaluate fit, functionality, and any renovation or operational requirements.
Key Highlights
- Commercial warehouse property for sale at 6345 E Platte Ave
- Built in 1999
- Well‑suited for industrial storage and distribution uses
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
$95,203
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
8.66%
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%
$1,904,060
$1.9M
Cap Rate 7%
$1,360,043
$1.4M
Cap Rate 9%
$1,057,811
$1.1M
Market Conditions
NOI Build-Up for 8,640 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
$117.2K $13.56/SF
− Vacancy
−$5.2K −$0.60/SF
EGI
$112.0K $12.96/SF
− OpEx
−$16.8K −$1.94/SF
NOI
$95.2K $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%
$1,904,060
Cap Rate 7%
$1,360,043
Cap Rate 9%
$1,057,811
Alternative Uses
Best Use
Warehouse
$1.36M
$1.19M – $1.59M
NOI $95,203 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,439 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Commercial warehouse property available for sale at 6345 E Platte Ave, suited for industrial storage and distribution uses.
Where is this warehouse located?
The property is located at 6345 E Platte Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Commercial warehouse property for sale at 6345 E Platte Ave; Built in 1999; Well‑suited for industrial storage and distribution uses
