Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1835-1853 Murray Blvd Colorado Springs, CO 80916
    Property profile & analytics

    1835-1853 Murray Blvd, Colorado Springs, CO 80916

    View on Map
    • Warehouses
    • 50,550 SF
    • 3.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1835-1853 Murray Blvd

    Lot size
    3.90 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 12,654 square foot warehouse space is part of the Classic Business Park II & III, a single-story industrial property situated on 3.96 acres in Colorado Springs' Southeast submarket. The building boasts an impressive 18-foot ceiling height, enhancing storage and operational efficiency. Access is provided via 11 drive-in doors and 2 dock-high doors, supported by a robust power supply of 2000 Amps, 277/480 V, 3-phase, 4-wire. The property features a total of 50,550 square feet across the entire complex, with ample parking (ratio of 3.3 spaces per 1,000 square feet). Located at 1835-1853 S Murray Blvd, Colorado Springs, CO 80916, this property is zoned BP and benefits from its location within the Airport Center, alongside notable corporate neighbors including Swire Coca-Cola, Sherwin Williams, and others. The building was renovated in 1996. This prime location offers excellent access to major transportation routes and a thriving business community. The available space is ideal for a variety of industrial uses. This is a rare opportunity to secure a well-maintained warehouse space in a highly desirable location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.753
    Latitude
    38.8063

    Comparable in this City

    • Value Estimation by Request
      14,478 SF

      4755 Town Center Dr

      Life science properties
      4755 Town Center Dr, Colorado Springs, CO 80916
      View Details
    • Value Estimation by Request
      52,130 SF

      1525-1589 Vapor Trl

      Refrigerated & Cold Storage
      1525-1589 Vapor Trl, Colorado Springs, CO 80916
      View Details
    • Value Estimation by Request
      20,922 SF

      1420-1460 Aviation Way

      Distribution properties
      1420-1460 Aviation Way, Colorado Springs, CO 80916
      View Details
    • Value Estimation by Request
      11,700 SF

      4745 Town Center Dr

      Life science properties
      4745 Town Center Dr, Colorado Springs, CO 80916
      View Details
    • Value Estimation by Request
      20,000 SF

      1125 Newport Rd

      Distribution properties
      1125 Newport Rd, Colorado Springs, CO 80916
      View Details
    • Value Estimation by Request
      265,436 SF

      350 Troy Hill Rd

      Distribution properties
      350 Troy Hill Rd, Colorado Springs, CO 80916
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Colorado Springs Flex/Industrial Property

      Flex/Industrial property available for sale in Colorado Springs, CO.
      1420-1460 Aviation Way, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      3,674 SF

      Industrial Building Near Airport

      Industrial building with offices, warehouse, and fenced storage.
      1925 Aeroplaza Dr, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      50,146 SF

      Aeroplaza Drive Warehouse For Sale

      Warehouse property available for sale in Colorado Springs.
      855 Aeroplaza Dr, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      1,883 SF

      Colorado Springs Flex/Industrial Building

      20,922 SF flex/industrial building on 1.63 AC lot.
      1420 Aviation Way, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      12,303 SF

      Colorado Springs Industrial Property

      Industrial property available for sale in Colorado Springs, CO.
      4625 Town Center Dr, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      4,200 SF

      Retail/Flex Building on Academy Blvd

      Single-tenant retail/flex building with high visibility and ample parking.
      2582 S Academy Blvd, Colorado Springs, CO 80916
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Warehouse Spaces Available For Rent

      Office and warehouse spaces ranging from 3,397 to 7,173 SqFt.
      1525-1589 Vapor Trl, Colorado Springs, CO 80916
      View Details
    • Contact for pricing

      Industrial Building Available For Lease

      Class A industrial building offering 265,436 SF for lease.
      350 N Troy Hill Rd, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      7,500 SF

      Warehouse Space with Drive-In Doors

      6,800 SF warehouse space featuring four drive-in doors.
      2504 Zeppelin Rd, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      12,529 SF

      New Class A Industrial Building

      New construction industrial building with negotiable truck court access.
      875 Vapor Trl, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      4,164 SF

      Adaptable Flex Space with Warehouse

      4,164 SF flex space with warehouse and fenced yard.
      4725 Town Center Dr, Colorado Springs, CO 80916
      View Details
    • Contact for pricing

      Adaptable Flex Space Available

      Professional flex space near South Powers corridor, Colorado Springs.
      4725 Town Center Dr, Colorado Springs, CO 80916
      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.
    1835-1853 Murray Blvd
    Colorado Springs, CO 80916
    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
    1835-1853 Murray Blvd, Colorado Springs, CO, 80916
    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!