Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2504 Zeppelin Rd Colorado Springs, CO 80916-4300

    • Distribution centers
    • 29,240 SF
    • 1.73 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0805550
    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.

    Current Use by Public Records

    • ADAS Solutions USA / Auto Repair Shop

    Property Details for 2504 Zeppelin Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.73 lot acres
    Property size
    29,240 SF
    Zone code
    PIP2 AO
    Property type
    Distribution centers
    APN
    6436102003
    APU
    6436102003

    Description

    This exceptional 29,240 square foot single-story building, located at 2504 Zeppelin Rd in Colorado Springs, CO 80916, offers a unique blend of executive office and warehouse/distribution space. Built in 1986, the property sits on a 1.73-acre lot and is zoned BP. Currently, 21,800 square feet is available for lease, divisible into units ranging from 6,800 to a maximum contiguous 15,000 square feet. The building features high ceilings (15' - 18'), providing ample vertical space for various uses. Nine drive-in doors ensure efficient loading and unloading, while robust 480V, 3-phase power caters to industrial needs. Situated in the CO - Colorado Springs Southeast submarket, this property provides excellent access to transportation and logistical networks. The multiple tenancy structure allows for flexibility in lease terms and configurations, making it ideal for a variety of businesses. This prime location in El Paso County offers a compelling opportunity for businesses seeking a versatile and well-equipped space. The property's size and features make it suitable for a wide range of industrial and office tenants. Contact us today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $615,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.726
    Latitude
    38.7951
    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
    $24,993
    $49,410
    $445,800
    $495,210
    -
    $177,091
    $1,597,854
    $1,774,945

    Comparable in this City

    • Value Estimation by Request
      131,040 SF

      2540 Zeppelin Rd

      DISTRIBUTION WAREHOUSE • 131,040 SF
      2540 Zeppelin Rd, Colorado Springs, CO 80916-4300
      View Details
    • Value Estimation
      $1,065,000
      125,060 SF

      955 Aeroplaza Dr

      DISTRIBUTION WAREHOUSE • 125,060 SF
      955 Aeroplaza Dr, Colorado Springs, CO 80916-2276
      View Details
    • Value Estimation
      $275,000
      3,085 SF

      1902 Aerotech Dr, Unit 5

      DISTRIBUTION WAREHOUSE • 3,085 SF
      1902 Aerotech Dr, Colorado Springs, CO 80916-4215
      View Details
    • Value Estimation
      $460,000
      10,500 SF

      4615 Town Ctr Dr

      DISTRIBUTION WAREHOUSE • 10,500 SF
      4615 Town Ctr Dr, Colorado Springs, CO 80916-4727
      View Details
    • Value Estimation by Request
      99,960 SF

      2640 Zeppelin Rd

      DISTRIBUTION WAREHOUSE • 99,960 SF
      2640 Zeppelin Rd, Colorado Springs, CO 80916-4312
      View Details
    • Value Estimation
      $245,000
      7,458 SF

      640 Aviation Way

      DISTRIBUTION WAREHOUSE • 7,458 SF
      640 Aviation Way, Colorado Springs, CO 80916-2724
      View Details

    Similar Nearby for Sale

    • $3,603,228
      20,922 SF

      Aviation Way Executive Office/Warehouse

      Colorado Springs Industrial Property - $3.6M
      1420-1460 Aviation Way, Colorado Springs, CO 80916
      View Details
    • $6,345,000
      50,146 SF

      Colorado Springs Industrial Warehouse

      50,146 SF Distribution Center - $6.3M
      855 Aeroplaza Dr, Colorado Springs, CO 80916
      View Details
    • $3,500,000
      12,303 SF

      Colorado Springs Industrial Property

      Industrial property available for sale in Colorado Springs, CO.
      4625 Town Center Dr, Colorado Springs, CO 80916
      View Details
    • $6,345,000
      50,146 SF

      Airport Area Warehouse For Sale

      50,146 SF warehouse in Airport submarket, Opportunity Zone.
      855 Aeroplaza Dr, Colorado Springs, CO 80916
      View Details
    • $943,800
      1.43 Acres

      Colorado Springs Industrial Land

      1.43-acre industrial lot, prime location.
      5740 Industrial Pl, Colorado Springs, CO 80916
      View Details
    • $749,950
      4,200 SF

      Retail/Flex Building on Academy Blvd

      Single-tenant retail/flex building with high visibility and ample parking.
      2582 S Academy Blvd, Colorado Springs, CO 80916
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      50,550 SF

      Classic Colorado Springs Warehouse

      12,654 SF Warehouse Space Available
      1835-1853 Murray Blvd, Colorado Springs, CO 80916
      View Details
    • $10 SF/Yr
      52,130 SF

      Southeast El Paso County Warehouse

      Modern Warehouse Space Available Now
      1525-1589 Vapor Trl, Colorado Springs, CO 80916
      View Details
    • Contact for pricing
      265,436 SF

      Triumph Logistics Center: Prime Distribution Space

      Class A Distribution Center; 50,000 - 265,436 SF available.
      350 Troy Hill Rd, Colorado Springs, CO 80916
      View Details
    • $12 SF/Yr
      4,164 SF

      Adaptable Flex Space with Warehouse

      4,164 SF flex space with warehouse and fenced yard.
      4725 Town Center Dr, Colorado Springs, CO 80916
      View Details
    • Contact for pricing

      Rustic Hills Commerce Center

      Industrial redevelopment project in Colorado Springs.
      1715 N Academy Blvd, Colorado Springs, CO 80916
      View Details
    • $12 SF/Yr
      1,794 SF

      Industrial Space For Lease

      Clean industrial space with a convenient location for lease.
      5745 Industrial Pl, Colorado Springs, CO 80916
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2504 Zeppelin Rd
    Colorado Springs, CO 80916-4300
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.