Colorado Springs Flex/Industrial
1420-1460 Aviation Way Colorado Springs, CO 80916
1420-1460 Aviation Way, Colorado Springs, CO, 80916
Contact for pricing
For Sale
Contact for pricing
Pending
Flex/Industrial property available for sale in Colorado Springs, CO.
Property Size20,922 SF
Days on Market985
Property Features for 1420-1460 Aviation Way
General Information
- Standard status
- Pending
- Size
- 20,922 SF
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1977
Listing Agency
NAI Highland, LLC
(719) 577-0044
Listed by
John Benson · License #CO FA.100088508
Source
Crexi
Added: Nov 9, 2023 Updated: Jul 10 at 3:42 pm Checked: Jul 20 at 5:47 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 commercial real estate property, located in Colorado Springs, CO, offers a total size of 20922 square feet. The property is suitable for flex space, industrial, warehouse, and office use. It is currently listed for sale.
Key Highlights
- For sale
- Year Built: 1977
Local Financial Insights For Warehouse
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 | $283.7k | $13.56 |
| − Vacancy | −$11.3k | −$0.54 |
| EGI | $272.4k | $13.02 |
| − OpEx | −$40.9k | −$1.95 |
| NOI | $231.5k | $11.06 |
20,922 SF · lease $13.56/SF/yr · vacancy 4.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.31M
$2.89M – $3.86M
NOI $231,501 @ 7.0% cap · market cap 6.42%
Second Best
Industrial
$2.72M
$2.38M – $3.18M
NOI $190,648 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$4.86M
$4.25M – $5.67M
NOI $340,129 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Kat Air Services Inc — 1589 Vapor Trail, Colorado Springs, CO 80916
FAQs
What type of property is this?
Flex space - Flex/Industrial property available for sale in Colorado Springs, CO.
Where is this flex space located?
The property is located at 1420-1460 Aviation Way Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,603,228.
What are key features of this property?
This property features: For sale; Year Built: 1977
