Standalone Industrial Building For
For Sale
Contact for pricing
2702 N Nevada Ave, Colorado Springs, CO 80907
Industrial building with flexible zoning, close to I-25.
Property Size1,932 SF
Price / SF$310.04
Days on Market793
Property Features for 2702 N Nevada Ave
General Information
Standard status
Active
Size
1,932 SF
Property subtype
Industrial
Zoning
C-5
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
CBRE - Colorado Springs
Listed By:
Andrew Oyler · License #CO FA.040020773
Source:
Crexi
Added: Jun 11, 2024
Changed: Aug 11
Last Checked: Aug 11 at 9:56AM
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 CBRE - Colorado Springs
Investment Insights
Based on property information with market context.
This property features a standalone industrial building situated on a large lot. The building, primarily designed for warehouse use, includes three drive-in doors and a fenced yard. A monument sign is present on the property. The location is central to Colorado Springs and offers convenient access to I-25. Additionally, the property is located next to a bike path, providing alternative transportation options.
Key Highlights
- Great central location, close to I‑25
- Very flexible zoning
- Large industrial lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,288
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,760
$425.8K
Cap Rate 7%
$304,114
$304.1K
Cap Rate 9%
$236,533
$236.5K
Market Conditions
NOI Build-Up for 1,932 SF
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.
Gross rent
$26.2K $13.56/SF
− Vacancy
−$1.2K −$0.60/SF
EGI
$25.0K $12.96/SF
− OpEx
−$3.8K −$1.94/SF
NOI
$21.3K $11.02/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$425,760
Cap Rate 7%
$304,114
Cap Rate 9%
$236,533
Alternative Uses
Best Use
Warehouse
$304.1K
$266.1K – $354.8K
NOI $21,288 @ 7.0% cap · market cap 3.55%
Second Best
Industrial
$250.5K
$219.2K – $292.2K
NOI $17,532 @ 7.0% cap · market cap 2.93%
Theoretical Best
Specialty Retail
$381.5K
$333.9K – $445.1K
NOI $26,708 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,687
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Similar Off Market Nearby
- Colorado Springs Self Storage - North — 330 karen ln, colorado springs, co 80907
- Public Storage — 3061 Wood Ave, Colorado Springs, CO 80907
- Self-Storage at U-Haul — 3105 N Nevada Ave, Colorado Springs, CO 80907
- Daniels Moving and Storage — 2325 Sinton Rd, Colorado Springs, CO 80907
- Allied Van Lines — 2838 N El Paso St #99a, Colorado Springs, CO 80907
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with flexible zoning, close to I-25.
Where is this warehouse located?
The property is located at 2702 N Nevada Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Great central location, close to I‑25; Very flexible zoning; Large industrial lot
