0 Rhinestone Dr, Colorado Springs, CO 80908
This exceptional 4.78-acre commercial land parcel, located in Colorado Springs, Colorado, presents a unique investment opportunity. Zoned PBC (Planned Business Center), this site is ideally situated in a rapidly growing area of Northeast Colorado Springs, offering excellent visibility from Powers Boulevard and Old Ranch Road. The property is fully approved for development as a 501-unit self-storage facility, eliminating lengthy permitting processes and allowing for immediate project commencement. Its "shovel-ready" status significantly reduces time to market and minimizes pre-development costs. The location boasts limited competition within the immediate submarket, ensuring a strong potential for return on investment. The address is Rhinestone Dr, Colorado Springs, CO 80908, within El Paso County. This prime location and the approved development plan make this a compelling opportunity for investors seeking a high-growth, low-risk venture in a thriving Colorado Springs market. The asking price for this exceptional property is $2,080,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.