535 Cimarron St Colorado Springs, CO 80903
- Distribution centers
- 13,217 SF
- 0.49 lot acres
Current Use by Public Records
- Peak Refreshments / Vending Machine Supplier
- Southco Tire / Tire Shop
- CITC Group Inc / Service Establishment
Property Details for 535 Cimarron St
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.49 lot acres
- Property size
- 13,217 SF
- Zone code
- PIP1/CR
- Property type
- Distribution centers
- APN
- 6418414133
- APU
- 6418414133
Description
This exceptional industrial property, located at 535 E Cimarron St in Colorado Springs, CO 80903, presents a unique investment opportunity. The 13,250 square foot warehouse boasts 9,100 square feet of readily available space, ideal for a variety of uses including warehousing, manufacturing, or assembly. The property sits on a 0.49-acre lot and features four buildings, each two stories high, with a convenient 12-foot ceiling height. Ample parking is provided with 14 total spaces, and five drive-in bays ensure efficient loading and unloading. The building, constructed in 1986 and classified as Class C, offers a single-tenant occupancy. Electrical service includes 208 | 120 Volts 3 Phase 4 Wire. The property is zoned BP and its APN is 64184-14-133. Its strategic location just east of Downtown Colorado Springs offers easy access to I-25, providing excellent connectivity throughout the region. The existing space includes a blend of private offices and open office areas, providing flexibility for various business needs. This property represents a compelling opportunity to acquire a well-situated industrial space in a thriving Colorado Springs market. El Paso County location offers access to a robust workforce and established infrastructure.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,975,000
- 6.5%
- $1,780,000
- 7%
- $1,725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,990,000
- Geo Method
- $2,100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,675,000
- Retail
- $1,960,000
- Mixed-Use
- $1,990,000
- Hospitality
- $1,915,000
- Educational
- $1,755,000
- Residential Income
- $1,890,000
- Energy
- $1,635,000
- Income-Based Land
- $1,645,000
- Food Service
- $2,045,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.814
- Latitude
- 38.8264
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
