Office-Warehouse Flex
New
For Sale
$1,600,000
7302 Cole View, Colorado Springs, CO 80915
Finished office accommodations pair with a warehouse/shop area and fenced outdoor yard for operational flexibility.
Property Size5,000 SF
Price / SF$320
Days on Market2
Property Features for 7302 Cole View
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Warehouse Space
2,500 SF
Office Build-Out
2,500 SF
Taxes and HOA fees
Annual Taxes
$16,878
Amenities
fenced outdoor yard area
Building Details
Year Built
2019
Buildings
1
Building Size
5,000 SF
Listing Agency:
Blue Picket Realty
(719) 766-1663
Listed By:
Alberto Castro SRES
(719) 766-1663
Source:
Pikespeakdreamhomesrealty
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 2:40AM
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 Blue Picket Realty
Investment Insights
Based on property information with market context.
Built in 2019, this approximately 5,000-square-foot flex property combines 2,500 SF of finished office space with a 2,500 SF warehouse/shop area. The office component includes reception, private offices, a conference room, two restrooms, and a kitchen/break room. Updated finishes support a professional setting for employees and visitors, while the shop area provides space for operations and storage. An additional restroom and shower serve the warehouse portion, and the fenced outdoor yard accommodates equipment, materials, or secured storage.
The property is located at 7302 Cole View in Colorado Springs, Colorado. Its combination of office, shop, and outdoor yard areas creates a practical configuration for an owner-user or business requiring both administrative and operational space.
The property is located at 7302 Cole View in Colorado Springs, Colorado. Its combination of office, shop, and outdoor yard areas creates a practical configuration for an owner-user or business requiring both administrative and operational space.
Key Highlights
- Approximately 5,000 square feet total
- 2,500 SF of finished office space and 2,500 SF of warehouse/shop area
- Office layout includes reception, private offices, conference room, two restrooms, and kitchen/break room
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
$55,094
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
3.44%
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%
$1,101,880
$1.1M
Cap Rate 7%
$787,057
$787.1K
Cap Rate 9%
$612,156
$612.2K
Market Conditions
NOI Build-Up for 5,000 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
$67.8K $13.56/SF
− Vacancy
−$3.0K −$0.60/SF
EGI
$64.8K $12.96/SF
− OpEx
−$9.7K −$1.94/SF
NOI
$55.1K $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%
$1,101,880
Cap Rate 7%
$787,057
Cap Rate 9%
$612,156
Alternative Uses
Best Use
Warehouse
$787.1K
$688.7K – $918.2K
NOI $55,094 @ 7.0% cap · market cap 3.44%
Second Best
Office B
$703.1K
$615.2K – $820.3K
NOI $49,219 @ 7.0% cap · market cap 3.08%
Theoretical Best
Specialty Retail
$987.4K
$864.0K – $1.15M
NOI $69,120 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
234
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 Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Finished office accommodations pair with a warehouse/shop area and fenced outdoor yard for operational flexibility.
Where is this flex space located?
The property is located at 7302 Cole View Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 5,000 square feet total; 2,500 SF of finished office space and 2,500 SF of warehouse/shop area; Office layout includes reception, private offices, conference room, two restrooms, and kitchen/break room
