Colorado Springs Industrial
For Sale
Contact for pricing
955-989 Wooten Road, Colorado Springs, CO 80915
10,580 SqFt industrial property available for sale.
Property Size10,580 SF
Price / SF$184.31
Days on Market224
Property Features for 955-989 Wooten Road
General Information
Standard status
Active
Size
10,580 SF
Property subtype
Industrial
Zoning
BP (Business Park)
Investment Type
Owner/User
Building Details
Year Built
1985
Year Renovated
1985
Buildings
1
Stories
1
Listing Agency:
NAI Highland, LLC
Listed By:
John Onstott · License #CO FA1175465
(719) 577-0044
Source:
Crexi
Added: Feb 25
Changed: Oct 6
Last Checked: Oct 5 at 4:54PM
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 NAI Highland, LLC
Investment Insights
Based on property information with market context.
This industrial property offers 10,580 square feet of space and is available for sale. The property is located on Wooten Road in Colorado Springs, Colorado.
Key Highlights
- Industrial property
- 10,580 sqft of space
- Built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,007
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,140
$1.9M
Cap Rate 7%
$1,371,529
$1.4M
Cap Rate 9%
$1,066,744
$1.1M
Market Conditions
NOI Build-Up for 10,580 SF
Gross rent
$143.5K $13.56/SF
− Vacancy
−$6.3K −$0.60/SF
EGI
$137.2K $12.96/SF
− OpEx
−$41.1K −$3.89/SF
NOI
$96.0K $9.07/SF
Area
Colorado Springs, CO
Vacancy
4.40%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,140
Cap Rate 7%
$1,371,529
Cap Rate 9%
$1,066,744
Alternative Uses
Best Use
Industrial
$1.37M
$1.20M – $1.60M
NOI $96,007 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.44M
NOI $146,258 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 10,580 SqFt industrial property available for sale.
Where is this industrial property located?
The property is located at 955-989 Wooten Road Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Industrial property; 10,580 sqft of space; Built in 1985
