855 Aeroplaza Dr Colorado Springs, CO 80916
- Manufacturing properties
- 50,146 SF
- 3.42 lot acres
Current Use by Public Records
- School / College
- Gustave A Larson Company / Refrigerator Store / Heating Equipment Supplier
- Wayne Dalton Sales & Service of Colorado Springs / Garage Door Supplier / Carport And Pergola Builder
Property Details for 855 Aeroplaza Dr
- Year built
- 1980
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 3.42 lot acres
- Property size
- 50,146 SF
- Zone code
- PIP2/CR AO
- Property type
- Manufacturing properties
- APN
- 6424001002
- APU
- 6424001002
Description
This exceptional 50,146-square-foot industrial property, located at 855 Aeroplaza Dr, Colorado Springs, CO 80916, presents a compelling investment opportunity. Situated on a 3.42-acre lot within the Airport submarket, this single-story building boasts a desirable location in an Opportunity Zone. Constructed in 1980, the structure features a functional layout ideal for distribution and warehouse operations. The high ceilings, ranging from 18 to 20 feet, provide ample vertical space for storage and efficient material handling. The property includes eight loading docks and three dock-high doors, ensuring smooth and efficient loading and unloading processes. The building is zoned BP/CR, offering flexibility for various industrial uses. The asking price is $6,345,000, translating to a price per square foot of $126.53. A potential lease rate of $8.75 per square foot, NNN, is available for year one. This property represents a rare chance to acquire a well-located, functional industrial space with significant potential for growth and return on investment. The property's strategic location and substantial size make it an attractive option for businesses seeking a robust and efficient operational base in the thriving Colorado Springs market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,275,000
- 6.5%
- $3,685,000
- 7%
- $3,885,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,620,000
- Geo Method
- $3,715,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,110,000
- Retail
- $3,450,000
- Mixed-Use
- $3,920,000
- Hospitality
- $3,345,000
- Educational
- $3,730,000
- Residential Income
- $2,935,000
- Energy
- $3,715,000
- Income-Based Land
- $3,055,000
- Food Service
- $3,980,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.725
- Latitude
- 38.8137
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
