Free-Standing Industrial Building with
For Sale
Contact for pricing
123 N Union Blvd, Colorado Springs, CO 80909
6,400 SF industrial building with display windows and fenced yard.
Property Size6,400 SF
Price / SF$175
Days on Market1021
Property Features for 123 N Union Blvd
General Information
Standard status
Active
Size
6,400 SF
Property subtype
Industrial
Site & Location
Neighborhood
Knob Hill
Listing Agency:
REAL brokerage
Listed By:
Brian Canady · License #CO FA100052141
(719) 433-1102
Source:
Crexi
Added: Jan 15, 2024
Changed: Jul 10
Last Checked: Oct 30 at 1:05PM
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 REAL brokerage
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Investment Insights
Based on property information with market context.
This centrally located, free-standing industrial building offers 6,400 square feet of space and includes a fenced yard. The building features approximately 2,400 square feet of front area with large display windows, complemented by 2,000 square feet of warehouse space. An additional 2,000 square feet of mezzanine space is also available. The building's roof was newly installed in 2023 and includes a 10-year transferrable warranty. A clean Phase 1 inspection report is available. Approximately 3,000 SF is available for lease.
Key Highlights
- Centrally located, free‑standing 6,400 SF industrial building.
- Includes a fenced yard.
- Newly installed roof in 2023 with a 10‑year transferable warranty.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,651
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,020
$1.2M
Cap Rate 7%
$880,729
$880.7K
Cap Rate 9%
$685,011
$685.0K
Market Conditions
NOI Build-Up for 6,400 SF
Gross rent
$99.8K $15.60/SF
− Vacancy
−$5.0K −$0.78/SF
EGI
$94.8K $14.82/SF
− OpEx
−$33.2K −$5.19/SF
NOI
$61.7K $9.63/SF
Area
Colorado Springs, CO
Vacancy
5.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,233,020
Cap Rate 7%
$880,729
Cap Rate 9%
$685,011
Alternative Uses
Best Use
Flex RnD
$880.7K
$770.6K – $1.03M
NOI $61,651 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$829.7K
$726.0K – $967.9K
NOI $58,076 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.47M
NOI $88,474 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Similar Off Market Nearby
- Susanna's Comfort Cuisine Food Trailer — 1130 E Willamette Ave, Colorado Springs, CO 80903
Frequently Asked Questions
What type of property is this?
Flex space - 6,400 SF industrial building with display windows and fenced yard.
Where is this flex space located?
The property is located at 123 N Union Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: Centrally located, free‑standing 6,400 SF industrial building.; Includes a fenced yard.; Newly installed roof in 2023 with a 10‑year transferable warranty.
