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Property profile & analytics
OFF-MARKET
Estimated value
$3,365,000
Warehouses
2265 Waynoka Rd, Colorado Springs, CO 80915-1604
Entity Owned
Free & Clear
Property ID
US13-0630389
Property summary
AI-generated overview
This exceptional 24,480-square-foot warehouse, situated on a 3.3-acre lot in Colorado Springs, CO (zip code 80915), presents a compelling investment opportunity. Built in 1977 and zoned I-2, the property boasts a generous 2.51 parking spaces per 1,000 square feet, totaling 63 surface spaces, including 31 employee spaces and 32 electric/diesel ports. The warehouse features seven loading docks—two covered 12'x8' at 36", and five covered 10'x9'—with two dock levelers to accommodate semi-trucks. High ceilings range from 10.5 to 33 feet, providing ample vertical space for storage and operations. Conveniently located, the property offers easy access to Powers Blvd via Constitution Ave or Palmer Park Blvd, and is just 11 miles from I-25. The asking price is $4,406,400, translating to $180 per square foot. This steel and metal structure is ideal for warehouse and distribution needs. The property's size, features, and location make it a highly desirable asset in the Colorado Springs industrial market.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1977
Construction
STEEL FRAME
Total area
23,540 SF
Lot
3.58 ac (155,945 SF)
Zoning code
I-2 CAD-O
APN
5406204033
UPID
US13-0630389
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
La-Z-Boy Customer Pickups Warehouse & Storage
-
Frito-Lay Inc Big Box & Wholesale Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.43M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$3.37M
Owner & transaction history
Waynoka Rd Production Yards 14 LLC
Waynoka Rd Production Yards 14 LLC
since 2025
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.0M
+33.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,715,000
6.5%
$3,430,000
7%
$3,185,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,755,000
Current use
OFFICE BUILDING
$5,025,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±10% · vs last sale $3.20M (Jul 17 2025)
Last sale anchor
$3.20M
Jul 17 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$143 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$56,893
Tax year 2023
Assessed value
$793,620
Assessed 2023
Previous assessed
$793,620
+0.0% YoY
Effective rate
7.17%
On assessed value
Assessed land
$174,030
Assessed improvement
$619,590
Land market value
$623,776
Improvement market value
$2,220,760
Total market value
$2,844,536
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
23,540 SF
Lot
3.58 ac (155,945 SF)
Zoning code
I-2 CAD-O
APN
5406204033
UPID
US13-0630389
Jurisdiction
EL PASO
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Zoning I-2 CAD-O · permitted uses
I-2 CAD-O · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
OFFICE BUILDING
Est. value
$5.0M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
3.58 ac
Current owner
From public records · entity-resolved
Waynoka Rd Production Yards 14 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3479 SIGNATURE GOLF PT, COLORADO SPRINGS, CO 80904-1022
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
—
Waynoka Rd Production Yards 14 LLC
—
Deed
related
$1,809,950 · Colorado State Bank
Oct 17, 2025
$3,200,000
Waynoka Rd Production Yards 14 LLC
Hendren Land Holdings LLC
Special Warranty Deed
—
Jun 21, 2016
$1,675,000
Hendren Land Holdings LLC
Frito Lay Sales LP
Special Warranty Deed
$2,118,700 · Wells Fargo Bank NA
Mar 21, 2005
—
Frito-lay Sales Rolling
Frito-lay INC
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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