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    Rhinestone Dr Colorado Springs, CO 80908

    For Sale
    $2,080,000

    4.78-acre shovel-ready development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 4.78-acre commercial land parcel, located in Colorado Springs, Colorado, presents a unique investment opportunity. Zoned PBC (Planned Business Center), this site is ideally situated in a rapidly growing area of Northeast Colorado Springs, offering excellent visibility from Powers Boulevard and Old Ranch Road. The property is fully approved for development as a 501-unit self-storage facility, eliminating lengthy permitting processes and allowing for immediate project commencement. Its "shovel-ready" status significantly reduces time to market and minimizes pre-development costs. The location boasts limited competition within the immediate submarket, ensuring a strong potential for return on investment. The address is Rhinestone Dr, Colorado Springs, CO 80908, within El Paso County. This prime location and the approved development plan make this a compelling opportunity for investors seeking a high-growth, low-risk venture in a thriving Colorado Springs market. The asking price for this exceptional property is $2,080,000.

    Property Features for 0 Rhinestone Dr

    General Information

    Property type
    Land
    Lot Size
    208,217 SF

    HighLights

    • 501‑unit self‑storage development opportunity in Northeast Colorado Springs.
    • Shovel‑ready site with fully approved development plan.
    • Prime location in a rapidly growing area of Northeast Colorado Springs.
    • Excellent visibility from Powers Boulevard and Old Ranch Road.
    • Limited competition in the immediate submarket.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7730725
    Latitude
    38.9865328

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    FAQs

    What type of property is this?
    Land - 4.78-acre shovel-ready development site.
    Where is this land located?
    The property is located at Rhinestone Dr Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $2,080,000.
    What are key features of this property?
    This property features: 501-unit self-storage development opportunity in Northeast Colorado Springs.; Shovel-ready site with fully approved development plan.; Prime location in a rapidly growing area of Northeast Colorado Springs.
    (417) 459-2155
    Request Owner's contact information
    Rhinestone Dr Colorado Springs, CO 80908
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    Realmo Value Estimation

    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.

    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.

    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
    Rhinestone Dr Colorado Springs, CO 80908
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