Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15707 Terrazzo Dr Monument, CO 80921
    Back to Search
    Property profile & analytics

    15707 Terrazzo Dr, Monument, CO 80921

    View on Map
    • Refrigerated & Cold Storage
    • 136,000 SF
    • 11.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Refrigerated & Cold Storage

    Property Details for 15707 Terrazzo Dr

    Year built
    2024
    Lot size
    11.00 lot acres
    Property type
    Refrigerated & Cold Storage
    Property subtype
    Warehouses

    Description

    This exceptional Class A industrial property, totaling 136,000 square feet, is situated on 11 acres in Monument, Colorado. Built and renovated in 2024, this single-story building offers 32-foot clear ceiling heights, providing ample space for various industrial uses including warehouse, refrigerated/cold storage, distribution, manufacturing, flex, and R&D. The property boasts 14 loading docks with 14 dock-high doors, plus 4 drive-in doors, ensuring efficient loading and unloading. With 155 total parking spaces, ample room is available for employees and visitors. The building features 2,000 amps of 3-phase power. Strategically located at 15707 Terrazzo Drive, with frontage on Interstate 25 at the Baptist Road interchange, this property offers unparalleled access to major transportation arteries, connecting businesses to Colorado Springs, Fountain, Pueblo, Castle Rock, and Denver. The property is zoned PID and is part of the Monument submarket in North El Paso County. The entire 136,000 square feet is currently available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monument
    County
    El Paso
    State
    Colorado
    Longitude
    -104.855
    Latitude
    39.0597

    Comparable in this City

    • Value Estimation
      $3,675,000
      122,912 SF

      9975 Federal Dr

      R&D FACILITY, LABS, PHARMA
      9975 Federal Dr, Colorado Springs, CO 80921-3617
      View Details
    • Value Estimation
      $3,630,000
      144,340 SF

      9970 Federal Dr

      R&D FACILITY, LABS, PHARMA
      9970 Federal Dr, Colorado Springs, CO 80921-3616
      View Details
    • Value Estimation
      $1,505,000
      68,829 SF

      1850 Cypress Semi Dr

      R&D FACILITY, LABS, PHARMA
      1850 Cypress Semi Dr, Colorado Springs, CO 80921-3607
      View Details
    • Value Estimation
      $1,255,000
      53,745 SF

      9925 Federal Dr

      R&D FACILITY, LABS, PHARMA
      9925 Federal Dr, Colorado Springs, CO 80921-3604
      View Details
    • Value Estimation
      $2,280,000
      61,608 SF

      9965 Federal Dr

      R&D FACILITY, LABS, PHARMA
      9965 Federal Dr, Colorado Springs, CO 80921-3822
      View Details
    • Value Estimation by Request
      2,002 SF

      11641 Ridgeline Dr, Unit A-160

      DISTRIBUTION WAREHOUSE
      11641 Ridgeline Dr, Colorado Springs, CO 80921-3940
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      363,955 SF

      Class A Industrial Development

      Exceptional industrial development with I-25 exposure and access.
      15120 Terrazzo Dr, Colorado Springs, CO 80921
      View Details
    • $695,000
      5.00 Acres

      Land Near Fox Run Park

      Rare 5-acre parcel near coveted Fox Run Park.
      15950 Roller Coaster Rd, Colorado Springs, CO 80921
      View Details
    • $325,000
      5.00 Acres

      Colorado Springs Vacant Land

      5-acre lot with mountain views and drilled well.
      4405 Diamondback Dr, Colorado Springs, CO 80921
      View Details
    • $975,000

      Versatile Property with Assisted Living Potential

      Spacious property zoned for mixed-use, senior housing, or bed & breakfast.
      55 Pauma Valley Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing

      Land Near Sunset Amphitheater

      Commercial land available near established and upcoming attractions.
      391 Spectrum Loop, Colorado Springs, CO 80921
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Warehouse Distribution Center

      New Class A warehouse/distribution center with I-25 frontage.
      15707 Terrazzo Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing

      Class A Office Building

      Highly visible Class A office building in Interquest Business Park.
      9910 Federal Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      1,601 SF

      Land For Rent

      Land available for rent in Colorado Springs.
      Gate Blvd North, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      3,533 SF

      Office Space with Mountain Views

      LEED certified office space with expansive mountain views available.
      10807 New Allegiance Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      16,033 SF

      Colorado Springs Office Space Available

      Office space available for rent in Colorado Springs, CO.
      12320 Oracle Blvd, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      2,270 SF

      Freestanding Drive-Thru Restaurant Sublease

      Freestanding drive-thru restaurant available for sublease at full movement intersection.
      1220 Interquest Pkwy, Colorado Springs, CO 80921
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15707 Terrazzo Dr
    Monument, CO 80921
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15707 Terrazzo Dr, Monument, CO, 80921
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!