Aeroplaza Drive Warehouse For
For Sale
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855 Aeroplaza Dr, Colorado Springs, CO 80916
Warehouse property available for sale in Colorado Springs.
Property Size50,146 SF
Price / SF$126.53
Days on Market3379
Property Features for 855 Aeroplaza Dr
General Information
Standard status
Active
Size
50,146 SF
Property subtype
Industrial
Zoning
BP/CR
Lease Type
NNN
Building Details
Year Built
1980
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
NAI Highland, LLC
Listed By:
Randy Dowis · License #CO FA1157155
(719) 577-0044
Source:
Crexi
Added: Jul 21, 2017
Changed: Oct 18
Last Checked: Oct 19 at 4:49AM
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
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Investment Insights
Based on property information with market context.
This commercial real estate offering consists of a warehouse property with a size of 50146 square feet. The property is located on Aeroplaza Dr in Colorado Springs, CO. It is intended for sale.
Key Highlights
- YearBuilt: 1980
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$554,863
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,097,260
$11.1M
Cap Rate 7%
$7,926,614
$7.9M
Cap Rate 9%
$6,165,144
$6.2M
Market Conditions
NOI Build-Up for 50,146 SF
Gross rent
$680.0K $13.56/SF
− Vacancy
−$27.2K −$0.54/SF
EGI
$652.8K $13.02/SF
− OpEx
−$97.9K −$1.95/SF
NOI
$554.9K $11.06/SF
Area
ZIP 80916
Vacancy
4.00%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,097,260
Cap Rate 7%
$7,926,614
Cap Rate 9%
$6,165,144
Alternative Uses
Best Use
Warehouse
$7.93M
$6.94M – $9.25M
NOI $554,863 @ 7.0% cap · market cap 8.74%
Second Best
Industrial
$6.53M
$5.71M – $7.62M
NOI $456,946 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$11.65M
$10.19M – $13.59M
NOI $815,225 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80916, CO
39,990
Population
15,464
Households
2.6
Avg Household Size
30
Median Age
18%
College-Educated
88%
High-School Grad
18.4 sq mi
ZIP Area
2,173
Density / Sq Mi
$63,399
Median Household Income
$37,708
Median Earnings
$1,505
Median Rent
$289,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property available for sale in Colorado Springs.
Where is this warehouse located?
The property is located at 855 Aeroplaza Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $6,345,000.
What are key features of this property?
This property features: YearBuilt: 1980
