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2702 Nevada Ave Colorado Springs, CO 80907-6221

Auto shops Google Maps
1,932 SF 0.39 ac lot Built 1965
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$360k
Range $324k – $396k (±10%)
Property ID US13-0333707

Property summary

AI-generated overview

This exceptional 1,932 square foot warehouse, located at 2702 North Nevada Avenue in Colorado Springs, Colorado, presents a compelling owner-user opportunity. Priced at $675,000 ($349.38/sq ft), this single-story building sits on a substantial 17,135 square foot lot zoned C-5, offering significant flexibility for various industrial uses. The property features three drive-in doors, a fenced yard, and a prominent monument sign, enhancing visibility and accessibility. Its strategic location provides convenient access to I-25 and is centrally situated within Colorado Springs, offering excellent connectivity. The mostly warehouse space is currently vacant, allowing for immediate occupancy and customization to suit specific business needs. Adding to its appeal is the proximity to a bike path, enhancing the surrounding environment. This standalone building represents a rare opportunity to acquire a well-located, versatile industrial property in a thriving Colorado Springs market. The property's size, zoning, and features make it ideal for a variety of businesses seeking a functional and strategically positioned space.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,932 SF
Lot 0.39 ac (17,135 SF)
Zoning code C5 NNA
APN 6331412017
UPID US13-0333707

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2021
Last sale
$380,000
2 recorded transactions
2021
$380,000
1969
Price N/A

Zoning & alternative use

C5 NNA · Colorado Springs, CO

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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More about this property
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