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    5840 Galley Rd Colorado Springs, CO 80915

    Sponsored
    For Sale
    $975,000

    Prime 2.46-acre commercial lot. Opportunity Zone.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.46-acre commercial land parcel, situated at 5840 Galley Road in Colorado Springs, Colorado, presents a compelling investment opportunity. Zoned CC, this property boasts high visibility and high traffic counts, making it ideal for a variety of commercial developments. The location within an Opportunity Zone offers significant tax advantages for investors. The address is easily accessible, situated in a rapidly growing area of El Paso County, Colorado, with a zip code of 80915. The property's geographic coordinates are 38.847257 latitude and -104.717418 longitude. This prime land is offered at an asking price of $975,000 and represents a rare chance to acquire a substantial commercial property in a thriving Colorado Springs location. The high visibility and traffic volume make this an excellent site for businesses seeking maximum exposure. The Opportunity Zone designation adds further appeal to this already attractive investment. Serious inquiries are encouraged to explore the potential of this exceptional property.

    Property Features for 5840 Galley Rd

    General Information

    Property type
    Land

    HighLights

    • High‑traffic location with excellent pedestrian and vehicular counts.
    • Exceptional street visibility and signage opportunities.
    • Situated in a designated Opportunity Zone, offering potential tax advantages.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.717418
    Latitude
    38.847257

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    FAQs

    What type of property is this?
    Land - Prime 2.46-acre commercial lot. Opportunity Zone.
    Where is this land located?
    The property is located at 5840 Galley Rd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: High-traffic location with excellent pedestrian and vehicular counts.; Exceptional street visibility and signage opportunities.; Situated in a designated Opportunity Zone, offering potential tax advantages.
    (719) 759-9935
    Request Owner's contact information
    5840 Galley Rd Colorado Springs, CO 80915
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    Colorado Springs, CO 80915
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5840 Galley Rd Colorado Springs, CO 80915
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