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    8150 Black Forest Rd Colorado Springs, CO 80908

    Sponsored
    For Sale
    $5,800,000

    15.43 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 15.43-acre commercial land parcel, located at 8150 Black Forest Road in Colorado Springs, CO 80908, presents a remarkable development opportunity. Situated at the southwest corner of Black Forest Road and Cowpoke Road, this property benefits from its location in a rapidly expanding area. The land is remarkably flat, minimizing development constraints and ensuring efficient site utilization. All essential utilities are conveniently located adjacent to the property, streamlining the development process. An existing well is already on-site, further enhancing its appeal. The property has already been platted, expediting the permitting and construction phases. The asking price is $5,800,000, translating to a land value of $8.63 per acre. It's important to note that a portion of the property (approximately 0.69 acres in the northwest corner) is subject to a long-term lease and easement for a cell phone tower. This area is available for negotiation. The property's APN is 5306002009 and is zoned A-5 CAD-O. This prime location and the existing infrastructure make this a highly attractive investment for developers seeking a strategic foothold in a thriving Colorado Springs market.

    Property Features for 8150 Black Forest Rd

    General Information

    Property type
    Land
    Lot Size
    672,131 SF

    HighLights

    • Level, buildable site with no major development restrictions.
    • Utilities readily available at the property line.
    • Existing well on‑site.
    • Property is already platted.
    • 0.69‑acre portion in the northwest corner is under a long‑term lease and easement for a cell tower; this area is negotiable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.7026004
    Latitude
    38.9500241

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    FAQs

    What type of property is this?
    Land - 15.43 Acres, Prime Development Site
    Where is this land located?
    The property is located at 8150 Black Forest Rd Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $5,800,000.
    What are key features of this property?
    This property features: Level, buildable site with no major development restrictions.; Utilities readily available at the property line.; Existing well on-site.
    Request Owner's contact information
    8150 Black Forest Rd Colorado Springs, CO 80908
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    Colorado Springs, CO 80908
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8150 Black Forest Rd Colorado Springs, CO 80908
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