Property profile

1985 Aeroplaza Dr Colorado Springs, CO 80916

OFF-MARKET
Office buildings
Property ID
US13-0038994
9,960 SF 1.04 ac lot Built 2007
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Colorado Springs industrial property presents a compelling investment opportunity for both owner-users and investors. Situated on a spacious 1.9-acre lot in El Paso County, this fully fenced property comprises two modern warehouse buildings totaling 16,460 square feet. The property's prime location in Colorado Springs' thriving Eastside offers easy access to major transportation routes, ensuring seamless logistics and distribution. The buildings boast a functional and versatile design, suitable for a wide array of industrial uses. The single-tenant occupancy presents an immediate return potential for investors through leasing or the opportunity for owner-occupancy. The property's modern design and functionality make it an attractive asset in a rapidly growing market. The 80916 zip code provides access to a strong workforce and established infrastructure. This property is a rare find, combining size, location, and functionality to create a highly desirable commercial investment. The property is classified as industrial, with a warehouse subtype. The property is located at 1985 Aeroplaza Drive, Colorado Springs, CO. This is a single-tenant property. The property's size and location make it an ideal choice for businesses seeking expansion or investors looking for a high-quality industrial asset.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2007
Construction STEEL FRAME
Total area 9,960 SF
Lot 1.04 ac (45,302 SF)
Zoning code PIP2/CR AO
APN 6425005007
UPID US13-0038994

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist

Location

1985 Aeroplaza Dr Colorado Springs, CO 80916-4206
Colorado Springs metro Census 6501 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.81M
CAP Approach CAP
$1.99M
Comparable Approach Comparable
$2.28M
Blend (final) Blend
$2.91M

Owner & transaction history

since 2022
Last sale
$2.5M
7 recorded transactions
2022
$2.5M
2016
Price N/A
2006
$310,000
2005
Price N/A
2004
$248,760
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PIP2/CR AO · Colorado Springs, CO
Top alternative use upside
Apartment house (5+ units) $4.1M +91.1%
Commercial (general) $3.8M +80.2%
Neighborhood: shopping center $2.7M +24.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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