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    1521 Baptist Rd Cascade-Chipita Park, CO 80921

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    For Sale
    Contact for pricing

    Mixed-use development, I-25 access

    Property Features for 1521 Baptist Rd

    General Information

    Property type
    Land
    Class
    B
    Lot Size
    4,268,880 SF

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Randy Dowis
    Randy Dowis

    Listing Agency: NAI Highland, LLC Listing Agent: Randy Dowis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional mixed-use development, the Falcon Commerce Center, presents a unique investment opportunity. Situated on a substantial 98 to 224-acre lot in Monument, Colorado, this Class B property boasts a prime location at the southwest quadrant of I-25 and Baptist Road, offering unparalleled visibility and accessibility. The single-story building is zoned PUD, allowing for diverse commercial, industrial, and office uses, including build-to-suit options. Its strategic location provides convenient access to both Colorado Springs (15 minutes north) and the Denver Tech Center (45 minutes south). The property benefits from significant infrastructure improvements, including a fully reconstructed I-25/Baptist Road interchange (2009-2010) and Baptist Road frontage enhancements (2016). The development's proximity to the 17,000-acre U.S. Air Force Academy and the 35-mile Santa Fe Trail adds to its appeal. This is a rare opportunity to acquire a large-scale development with direct I-25 frontage and excellent connectivity. The property's size and zoning flexibility make it ideal for a variety of development scenarios. This is a truly exceptional offering in a high-growth area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hotel & Motel Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cascade-Chipita Park
    County
    El Paso
    State
    Colorado
    Longitude
    -104.9622498
    Latitude
    39.0317375

    Nearby Similar for Sale

    • $1,812,754
      10,225 SF

      Highway 24 Self Storage Facility

      Profitable Colorado Self Storage Business
      8775 Us-24, Cascade-Chipita Park, CO 80809
      View Details

    FAQs

    What type of property is this?
    Land - Mixed-use development, I-25 access
    Where is this land located?
    The property is located at 1521 Baptist Rd Cascade-Chipita Park, CO.
    What are key features of this property?
    This property features: Falcon Commerce Center, a mixed-use development, offers 98-224 acres of land at I-25 & Baptist Road in Monument, CO.; The property features I-25 frontage, providing excellent access to Colorado Springs (15 minutes) and the Denver Tech Center (45 minutes).; Zoned PUD, allowing for commercial, industrial, and office uses, including build-to-suit options.
    (719) 577-0044 Call to check price and availability
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    1521 Baptist Rd Cascade-Chipita Park, CO 80921
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1521 Baptist Rd Cascade-Chipita Park, CO 80921
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Randy Dowis
    Randy Dowis
    Real Estate License ID: FA1157155
    (719) 577-0044 (719) 667-6865 (719) 650-1332
    Learn more
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