Self-Storage Facility with Drive-Up
New
For Sale
$5,000,000
7230 Space Village Ave, Colorado Springs, CO 80929
Ten single-story metal buildings provide a mix of personal and business storage options, plus outdoor space for boats and RVs.
Property Size39,510 SF
Lot Size5.00 Acres
Price / SF$126.55
Days on Market3
Property Features for 7230 Space Village Ave
General Information
Standard status
Active
Size
39,510 SF
Total Parking Spaces
105
Lot size
5.00 Acres
Property subtype
Self-Storage Facility
Occupancy
78%
Additional Details
Outdoor Storage
Yes
Self-Storage Units
326
Property Use
Self Storage
Amenities
Planned 10,000 SF self-storage addition by converting an under-utilized parking area into high-yield rentable space.
Existing storage units are 94 percent occupied, demonstrating clear market demand and providing confidence that new units will stabilize quickly.
The property serves nearly 49,738 residents and 19,221 households within a three-mile radius, with average household incomes of approximately $91,215.
Building Details
Building Size
39,510 SF
Year Built
2003
Buildings
10
Stories
1
Units
326
Construction
metal
Listing Agency:
Denver Office
Listed By:
Adam Schlosser · License #License(s): CO: FA100050407
(303) 328-2044
Source:
Marcusmillichap
Added: Nov 4
Last Checked: Nov 4 at 3:02PM
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 Denver Office
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Investment Insights
Based on property information with market context.
This Colorado Springs self-storage property contains 326 units across 39,510 net rentable square feet. Built in 2003, the facility consists of 10 single-story metal buildings with drive-up access. Outdoor boat and RV storage is also available, along with 105 surface parking spaces on approximately five acres.
Located at 7230 Space Village Ave, the property provides circulation for customer access throughout the site. Its unit mix accommodates personal and business storage needs.
Located at 7230 Space Village Ave, the property provides circulation for customer access throughout the site. Its unit mix accommodates personal and business storage needs.
Key Highlights
- 326 units totaling 39,510 net rentable square feet
- 10 single‑story metal buildings with drive‑up units
- Outdoor boat and RV storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$435,355
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,707,100
$8.7M
Cap Rate 7%
$6,219,357
$6.2M
Cap Rate 9%
$4,837,278
$4.8M
Market Conditions
NOI Build-Up for 39,510 SF
Gross rent
$535.8K $13.56/SF
− Vacancy
−$23.6K −$0.60/SF
EGI
$512.2K $12.96/SF
− OpEx
−$76.8K −$1.94/SF
NOI
$435.4K $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 Rate 5%
$8,707,100
Cap Rate 7%
$6,219,357
Cap Rate 9%
$4,837,278
Alternative Uses
Best Use
Warehouse
$6.22M
$5.44M – $7.26M
NOI $435,355 @ 7.0% cap · market cap 8.71%
Second Best
Self Storage
$5.35M
$4.68M – $6.24M
NOI $374,365 @ 7.0% cap · market cap 7.49%
Theoretical Best
Specialty Retail
$7.80M
$6.83M – $9.10M
NOI $546,186 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
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Business Placement
Demographics for 80929, CO
503
Population
23
Households
21.9
Avg Household Size
38
Median Age
100%
High-School Grad
23.8 sq mi
ZIP Area
21
Density / Sq Mi
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Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Self storage facility - Ten single-story metal buildings provide a mix of personal and business storage options, plus outdoor space for boats and RVs.
Where is this self storage facility located?
The property is located at 7230 Space Village Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 326 units totaling 39,510 net rentable square feet; 10 single‑story metal buildings with drive‑up units; Outdoor boat and RV storage
