Industrial Building Near
535 E Cimarron St Colorado Springs, CO 80903
535 E Cimarron St, Colorado Springs, CO, 80903
Contact for pricing
For Sale
Contact for pricing
Industrial building for sale near downtown Colorado Springs.
Property Size13,250 SF
Price / SF$143.40
Days on Market820
Property Features for 535 E Cimarron St
General Information
- Standard status
- Active
- Size
- 13,250 SF
- Property subtype
- Industrial, Office
Building Details
- Year Built
- 1986
Listing Agency
NAI Highland, LLC
(719) 577-0044
Listed by
John Benson · License #CO FA.100088508
Source
Crexi
Added: Apr 22, 2024 Checked: Jul 19 at 5:11 am
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 NAI Highland, LLC
Investment Insights
Based on property information with market context.
This unique industrial building is strategically located just east of Downtown Colorado Springs, providing convenient access to I-25. The property offers 13,250 square feet of space suitable for warehousing, manufacturing, or assembly purposes. The layout includes a combination of private offices and an open office landscape.
Key Highlights
- Unique industrial building ideal for warehousing, manufacturing, or assembly.
- Strategic location just east of Downtown Colorado Springs.
- Minutes from I‑25.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $206.7k | $15.60 |
| − Vacancy | −$10.3k | −$0.78 |
| EGI | $196.4k | $14.82 |
| − OpEx | −$68.7k | −$5.19 |
| NOI | $127.6k | $9.63 |
13,250 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.82M
$1.60M – $2.13M
NOI $127,637 @ 7.0% cap · market cap 6.72%
Second Best
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,235 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,168 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Peak Refreshments
Big Box & Wholesale Store
Southco Tire
(Bike/Boat/Book/etc) Store
CITC Group Inc
Service Establishment
Similar For Sale Nearby
Similar Off Market Nearby
- High Grade Foods Jamaican Restaurant and Bar — 1020 S Tejon St, Colorado Springs, CO 80903
- LiL' Howard's BBQ and Catering — 506 e moreno ave, colorado springs, co 80903
- Susanna's Comfort Cuisine Bistro and Bar — 124 N Nevada Ave, Colorado Springs, CO 80903
- LUSH F2F — 401 S Nevada Ave, Colorado Springs, CO 80903
FAQs
What type of property is this?
Flex space - Industrial building for sale near downtown Colorado Springs.
Where is this flex space located?
The property is located at 535 E Cimarron St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Unique industrial building ideal for warehousing, manufacturing, or assembly.; Strategic location just east of Downtown Colorado Springs.; Minutes from I‑25.
