123 N Union Blvd, Colorado Springs, CO 80909
6,400 SF industrial building with display windows and fenced yard.
- Added:
- Jan 15, 2024
- Days on Market:
- 884
- Last Refresh:
- May 13 at 8:06 pm
Property Features for 123 N Union Blvd
General Information
- Standard status
- Active
- Size
- 6,400 SF
- Property subtype
- Industrial
Listing agent Brian Canady License #CO FA100052141
Listing office REAL brokerage
Listing date Jan 15, 2024
Source Crexi
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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.
- Approximately 2,400 SF of front area with large display windows.
- Includes 2,000 SF of warehouse space and 2,000 SF mezzanine.
- Clean Phase 1 inspection report available.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.2k | $18.00 |
| − Vacancy | −$5.2k | −$0.81 |
| EGI | $110.0k | $17.19 |
| − OpEx | −$33.0k | −$5.16 |
| NOI | $77.0k | $12.03 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Susanna's Comfort Cuisine Food Trailer — 1130 E Willamette Ave, Colorado Springs, CO 80903
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.7941127
- Latitude
- 38.8352843
