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    2110 Busch Ave Colorado Springs, CO 80904

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    2110 Busch Ave Colorado Springs, CO 80904

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    • Distribution centers
    • 20,004 SF
    • 0.93 lot acres
    For Sale
    $3,800,000
    View Listing →
    Warehouse with Office and Parking For Sale
    $3,800,000
    23,000 SF

    Warehouse with Office and Parking

    23,000 SF flex space with warehouse and office components.

    2110 Busch Ave, Colorado Springs, CO 80904
    View Listing
    Property ID
    US13-1123942
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Archery School Of the Rockies / Sports Field & Court
    • bowmans bowstrings / (Bike/Boat/Book/etc) Store
    • ASR Flying Arrow Eatery / Restaurant

    Property Details for 2110 Busch Ave

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.93 lot acres
    Property size
    20,004 SF
    Zone code
    M1/CR
    Property type
    Distribution centers
    APN
    7414216023
    APU
    7414216023

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,675,000
      6.5%
      $3,390,000
      7%
      $3,150,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,654,000
      Market price range: $2.58M - $4.80M
      AI Estimate
      $3,746,000
      Market price range: $1.06M - $4.71M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,935,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $5,330,000
      Change: +36% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,925,000
      Change: +25% Conversion: Easy
      MEDICAL BUILDING
      $4,810,000
      Change: +22% Conversion: Difficult
      OFFICE BUILDING
      $4,270,000
      Change: +9% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.86
    Latitude
    38.8347
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $35,459
    $67,230
    $588,330
    $655,560
    -
    $240,975
    $2,108,706
    $2,349,681

    Comparable in this City

    • Value Estimation
      $1,490,000
      7,760 SF

      1394 21st St

      DISTRIBUTION WAREHOUSE • 7,760 SF
      1394 21st St, Colorado Springs, CO 80904-4261
      View Details
    • Value Estimation
      $880,000
      4,200 SF

      2131 Hagerman St

      DISTRIBUTION WAREHOUSE • 4,200 SF
      2131 Hagerman St, Colorado Springs, CO 80904-3738
      View Details
    • Value Estimation
      $855,000
      5,000 SF

      1140 Pecan St

      DISTRIBUTION WAREHOUSE • 5,000 SF
      1140 Pecan St, Colorado Springs, CO 80904-3748
      View Details
    • Value Estimation
      $695,000
      3,240 SF

      1410 Vermijo Ave

      DISTRIBUTION WAREHOUSE • 3,240 SF
      1410 Vermijo Ave, Colorado Springs, CO 80904-4039
      View Details
    • Value Estimation
      $1,285,000
      8,058 SF

      301 10th St

      DISTRIBUTION WAREHOUSE • 8,058 SF
      301 10th St, Colorado Springs, CO 80904-4305
      View Details
    • Value Estimation by Request
      1,914 SF

      2117 Colorado Ave

      DISTRIBUTION WAREHOUSE • 1,914 SF
      2117 Colorado Ave, Colorado Springs, CO 80904-3305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,720 SF

      Versatile Flex Space For Sale

      6,720 SF flex space on 0.69 acres near Old Colorado City.
      2109 Broadway Ave, Colorado Springs, CO 80904
      View Details
    • $749,500

      Office Warehouse Building For Sale

      Office warehouse building with parking and flexible zoning.
      2025 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      6,482 SF

      Industrial Building with Highway Visibility

      6,482 SF industrial/office building with ample outdoor storage.
      2264 Naegele Rd, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Versatile Flex Space with M1 Zoning

      3,750 sqft flex building on 0.37 acres with M1 zoning.
      2295 Spectra Dr, Colorado Springs, CO 80904
      View Details
    • $2,200,000
      2,247 SF

      Turnkey Brewery/Restaurant in Old Colorado

      Former brewery/restaurant with equipment and infrastructure in high-demand location.
      2925 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • $500,000
      0.59 Acres

      Commercial Warehouse with Fenced Lot

      Warehouse with three bays, office, large yard, convenient location.
      2427 Busch Ave, Colorado Springs, CO 80904
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Westside Industrial Space Available

      Industrial space for lease with drive-in loading doors.
      306-312 S 25Th St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Automotive Enthusiast Garage Spaces Available

      Private garage bays for automotive enthusiasts, for lease.
      2275 Busch Ave, Colorado Springs, CO 80904
      View Details
    • $11 SF/Yr
      4,240 SF

      Colorado Springs Warehouse Space Available

      4,240 SF warehouse space for lease in Colorado Springs.
      2250 Bott Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      1,680 SF

      Industrial Space with Highway Visibility

      Flexible industrial space visible from Highway 24, near downtown.
      2755 Ore Mill Rd, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      3,370 SF

      Retail Spaces with Immediate Occupancy

      Retail spaces available for lease, including a tap room.
      3107-3141 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Colorado Springs, CO.
      3134 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    View Listing
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    Colorado Springs, CO 80904
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    2110 Busch Ave, Colorado Springs, CO, 80904

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