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    8045 Iron Tower Ct Co Spg Colorado Springs, CO 80939

    • Warehouses
    • 9,750 SF
    • 1.07 lot acres
    For Sale
    View listing
    $2,340,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 8045 Iron Tower Ct Co Spg

    Lot size
    1.07 lot acres
    Property size
    9,750 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 8045 Iron Tower Court in Colorado Springs, Colorado, presents a compelling investment opportunity. The 9,750 square foot warehouse sits on a 1.07-acre lot, offering ample space for various industrial uses. The building includes 1,500 square feet of finished office space, providing comfortable and functional administrative areas. The property boasts convenient access to Powers Boulevard and Highway 24, ensuring efficient transportation and logistics. Security features include a fully fenced and secure storage yard, providing peace of mind for inventory and equipment. The warehouse features three 14-foot overhead doors, facilitating easy loading and unloading of goods. The property is zoned M1, allowing for a range of industrial applications. The asking price is $2,340,000, with a price per square foot of $240. The land value is also priced at $240 per square foot. This property is ideal for businesses seeking a well-located, secure, and functional warehouse space in a thriving Colorado Springs market. The combination of size, location, and amenities makes this an attractive investment prospect. The property's features and strategic location offer significant potential for growth and profitability.

    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
    -104.679
    Latitude
    38.882

    Comparable in this City

    • Value Estimation by Request
      9,750 SF

      8065 Iron Tower Ct Co Spg

      Distribution properties • 9,750 SF
      8065 Iron Tower Ct Co Spg, Colorado Springs, CO 80939
      View Details
    • Value Estimation
      $305,000
      3,000 SF

      8065 Industry Rd

      DISTRIBUTION WAREHOUSE • 3,000 SF
      8065 Industry Rd, Colorado Springs, CO 80939-9723
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    • Value Estimation by Request
      6,677 SF

      8140 Sandy Ct

      DISTRIBUTION WAREHOUSE • 6,677 SF
      8140 Sandy Ct, Colorado Springs, CO 80939-9735
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    • Value Estimation
      $400,000
      8,960 SF

      3340 Capital Dr

      DISTRIBUTION WAREHOUSE • 8,960 SF
      3340 Capital Dr, Colorado Springs, CO 80939-9731
      View Details
    • Value Estimation
      $880,000
      8,269 SF

      3170 Capital Dr

      DISTRIBUTION WAREHOUSE • 8,269 SF
      3170 Capital Dr, Colorado Springs, CO 80939-9736
      View Details
    • Value Estimation
      $515,000
      10,500 SF

      8110 Sandy Ct

      DISTRIBUTION WAREHOUSE • 10,500 SF
      8110 Sandy Ct, Colorado Springs, CO 80939
      View Details

    Similar Nearby for Sale

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      Colorado Springs Warehouse - I-3 Zoned

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    • $2,340,000
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      Colorado Springs Warehouse - $2.34M

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    • $2,340,000
      9,750 SF

      Colorado Springs Warehouse - $2.34M

      9,750 SF Warehouse on 1.07 Acres
      8045 Iron Tower Ct Co Spg, Colorado Springs, CO 80939
      View Details
    • $2,340,000
      9,750 SF

      Colorado Springs Warehouse - $2.34M

      9,750 SF Warehouse on 1.07 Acres
      8065 Iron Tower Ct Co Spg, Colorado Springs, CO 80939
      View Details
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    Colorado Springs, CO 80939
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    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
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