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Property profile & analytics
FOR LEASE
Retail space

123 N Union Blvd Colorado Springs, CO 80909

6,468 SF 0.19 ac lot Built 1979
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US13-2850814
123 N Union Blvd, Colorado Springs, CO 80909 For Lease
$14 SF/Yr 6,468 SF available
123 N Union Blvd, Colorado Springs, CO 80909
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Property summary
AI-generated overview

This exceptional 6,400 square foot free-standing industrial building is ideally situated in Colorado Springs, Colorado, at 123 N Union Blvd, zip code 80909. The property boasts a prime location and offers a versatile layout perfect for a variety of businesses. The building features approximately 2,400 square feet of showroom space, highlighted by large display windows, providing excellent visibility and showcasing opportunities. In addition, there's 2,000 square feet of warehouse space, complemented by a 2,000 square foot mezzanine. The seller offers the option of removing the mezzanine to create a "high cube" warehouse with a generous 16-foot free span ceiling height. The property also includes a fenced yard, enhancing security and functionality. Further enhancing the value, the roof was completely replaced in 2023 and comes with a transferable 10-year warranty. A clean Phase 1 environmental inspection report is available for review. The asking price is $850,000, delivered in shell condition, presenting a compelling investment opportunity at $132.81 per square foot. This property is ready for immediate occupancy and customization to suit your specific business needs. Located in El Paso County, this centrally located building offers easy access to major transportation routes and amenities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1979
Construction STEEL FRAME
Total area 6,468 SF
Lot 0.19 ac (8,150 SF)
Zoning code C6
APN 6416215007
UPID US13-2850814
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Floors 4 U Colorado General Contractor Renovation Specialist
  • Floors 4 U Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$795k
CAP Approach CAP
by Request
Comparable Approach Comparable
$725k
Blend (final) Blend
$830k
Owner & transaction history
Dimag Construction LLC · 1 yrs held
Dimag Construction LLC
since 2025
Last sale
$845,000
7 recorded transactions
2025
$845,000
2020
Price N/A
2014
$295,000
2005
$330,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $980,000 +10.0%
Office building $890,000 +0.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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