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Property profile & analytics
OFF-MARKET Estimated value $2,730,000
Distribution centers

1440 Pando Ave Colorado Springs, CO 80905-2846

16,426 SF 1.52 ac lot Built 1959
Entity Owned 7-yr Hold Free & Clear
Property ID
US13-0673851
Property summary
AI-generated overview

This single-tenant, Class C industrial warehouse offers 16,426 square feet of space, divisible to 8,213 square feet. Located in a central industrial area off Lake Avenue and I-25, this property boasts an outstanding location for business establishment. The building features one story, M1 Light Industrial zoning, and two 12-foot overhead doors, providing ample access for loading and unloading. The rental rate is $9.50 per square foot, plus estimated NNN expenses of $2.55 per square foot. This expansive warehouse is perfect for businesses needing significant storage and distribution capabilities. Its strategic location offers easy access to major transportation routes, enhancing logistical efficiency. The property's single-tenant occupancy provides a streamlined operational environment. The divisible space allows for flexibility to accommodate businesses of varying sizes. This presents a compelling opportunity for companies seeking a well-situated, functional warehouse in a thriving industrial zone. The combination of size, location, and accessibility makes this property an attractive investment for businesses seeking to establish or expand their operations.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,426 SF
Lot 1.52 ac (66,211 SF)
Zoning code M1
APN 6429404009
UPID US13-0673851
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.79M
Comparable Approach Comparable
$2.69M
Blend (final) Blend
$2.73M
Owner & transaction history
Aaa Eagle LP · 7 yrs held
Aaa Eagle LP
since 2019
2 recorded transactions
2019
$1.4M
2018
Price N/A
Zoning & alternative use
M1 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $4.4M +62.0%
Auto repair, garage $4.0M +49.6%
Medical building $4.0M +46.2%
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