Property profile

3120 Beacon St Colorado Springs, CO 80907

FOR SALE
Warehouses
Property ID
US13-0081197
7,000 SF 0.53 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 7,000 square foot industrial property, located at 3120 Beacon Street in Colorado Springs, Colorado, presents a unique investment opportunity. Built in 1979 and extensively renovated in 2022, this single-story building boasts ten individual suites, offering flexibility for various manufacturing needs. The property features a total of 7,000 square feet, with 2,800 square feet currently vacant and available for lease. Each suite offers a minimum of 700 square feet, with a maximum contiguous space of 700 square feet, ideal for smaller businesses or expanding operations. The high ceilings, measuring 14 feet, provide ample vertical space for storage and equipment. The property is classified as light industrial and is situated in El Paso County, with easy access to major transportation routes (specific details not provided). This is a prime opportunity to secure space in a well-maintained, recently renovated building within a thriving Colorado Springs industrial area. The property's zip code is 80907. The building is comprised of one structure with multiple tenants. Interested parties should inquire about lease terms and availability of the 2,800 square feet of vacant space.

Property profile

Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,000 SF
Lot 0.53 ac (22,910 SF)
Zoning code M1
APN 6331204015
UPID US13-0081197

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
  • Department Store
  • Production Facility Building Supply
  • Interior Design Auto Repair Shop
  • Auto Repair Shop
  • Car Wash

Location

3120 Beacon St Colorado Springs, CO 80907
Colorado Springs metro Census 302 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
$1.02M
Comparable Approach Comparable
$1.20M
Blend (final) Blend
$855k

Owner & transaction history

since 2022
Last sale
$925,000
7 recorded transactions
2022
$925,000
2022
Price N/A
2018
Price N/A
2015
$625,000
2006
Price N/A
2004
$690,000
2003
$427,500

Zoning & alternative use

M1 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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