Property profile

5010 Centennial Blvd Colorado Springs, CO 80919

OFF-MARKET
Distribution centers
Property ID
US13-0970905
34,200 SF 2.16 ac lot Built 1983
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 34,200-square-foot industrial property, located at 5010 Centennial Blvd in Colorado Springs, Colorado, presents a unique investment opportunity. The single-tenant building sits on 2.16 acres of land and is zoned BP. The space is ideally suited for distribution, warehouse, or manufacturing operations, boasting a functional layout designed for efficiency. The building features a substantial 29,412 square feet (86%) of warehouse space complemented by 4,788 square feet (14%) of air-conditioned office space. The warehouse area is equipped with floor drains running the length of both the east and west sides, adding to its practicality. For added climate control, the entire building is 100% air-conditioned and includes mounted gas-fed heaters throughout the warehouse. Ample parking is provided with 80 spaces available. This prime location within El Paso County (zip code 80907) places the property in a highly sought-after submarket known for its concentration of manufacturing and technology companies. The area is home to notable corporate neighbors such as Amazon, Entegris, SRAM, GRAINGER, and Verizon, underscoring the strength and desirability of this location. This property offers a compelling combination of size, functionality, and location, making it an attractive prospect for a variety of industrial users.

Property profile

Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1983
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 34,200 SF
Lot 2.16 ac (94,090 SF)
Zoning code PIP2 HS
APN 7323401026
UPID US13-0970905

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Logistics Company Freight Service
  • Real Estate Agency
  • Auto Repair Shop Vehicle Inspection Center

Location

5010 Centennial Blvd Colorado Springs, CO 80919-2402
Colorado Springs metro Census 3708 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.59M
Blend (final) Blend
$3.23M

Owner & transaction history

since 2021
Last sale
$3.4M
7 recorded transactions
2022
Price N/A
2021
$3.4M
2021
Price N/A
2014
$2.9M
2013
Price N/A
2013
Price N/A
2013
Price N/A

Zoning & alternative use

PIP2 HS · Colorado Springs, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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