New Colorado Springs Flex
For Sale
Contact for pricing
780 Seedling Ct, Colorado Springs, CO 80915
7,000 SF flex building in new condition for sale.
Property Size7,000 SF
Lot Size0.90 Acres
Price / SF$300
Days on Market201
Property Features for 780 Seedling Ct
General Information
Standard status
Active
Size
7,000 SF
Lot size
0.90 Acres
Property subtype
Industrial, Office
Zoning
BP CU AO
Building Details
Year Built
2020
Buildings
1
Stories
2
Listing Agency:
Hoff & Leigh Colorado Springs
(719) 630-2277
Listed By:
Tim Leigh · License #CO EA314631
Source:
Crexi
Added: Feb 2
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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 Hoff & Leigh Colorado Springs
Investment Insights
Based on property information with market context.
This 7,000 square foot flex building, constructed in 2020, is available for sale. The building is situated on a 39,204 square foot lot that is fully fenced with two secured entry gates. Zoned BP CU AO, the property features 5,200 square feet on the ground floor (65 feet by 80 feet) and an additional 1,800 square feet on the second floor. The ground floor includes a reception area, four offices, a conference room, a break area, and two handicap bathrooms. The second floor is configured with three large work rooms and a conference room; one of the work rooms is currently built out as a video production studio suitable for YouTube and internet broadcasting, which can be retained or removed. The warehouse component offers approximately 3,400 square feet of high cube space with a 20-foot ceiling height and is equipped with two 14-foot by 12-foot overhead doors. The office space totals approximately 3,600 square feet, distributed evenly across both floors. The building includes an original EPDM roof and one regularly serviced RTU in good condition. The property is being sold by Hermec Landscaping due to downsizing. The annual property tax is $17,026, and the annual property insurance is $4,339. The typical monthly utility bill is $750.
Key Highlights
- New construction (2020) / "new condition"
- 7,000 SF building on a 39,204 SF lot
- 3,400 SF high cube warehouse with 20’ ceiling and two 14’ X 12’ overhead doors
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
$67,431
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
3.21%
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%
$1,348,620
$1.3M
Cap Rate 7%
$963,300
$963.3K
Cap Rate 9%
$749,233
$749.2K
Market Conditions
NOI Build-Up for 7,000 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
$109.2K $15.60/SF
− Vacancy
−$5.5K −$0.78/SF
EGI
$103.7K $14.82/SF
− OpEx
−$36.3K −$5.19/SF
NOI
$67.4K $9.63/SF
Area
Colorado Springs, CO
Vacancy
5.00%
Lease Rate
$15.60 /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%
$1,348,620
Cap Rate 7%
$963,300
Cap Rate 9%
$749,233
Alternative Uses
Best Use
Flex RnD
$963.3K
$842.9K – $1.12M
NOI $67,431 @ 7.0% cap · market cap 3.21%
Second Best
Industrial
$907.4K
$794.0K – $1.06M
NOI $63,520 @ 7.0% cap · market cap 3.02%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,768 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-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 Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 7,000 SF flex building in new condition for sale.
Where is this flex space located?
The property is located at 780 Seedling Ct Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: New construction (2020) / "new condition"; 7,000 SF building on a 39,204 SF lot; 3,400 SF high cube warehouse with 20’ ceiling and two 14’ X 12’ overhead doors
