3204 Cascade Ave, Colorado Springs, CO 80907-5150
- Manufacturing properties
- 8,666 SF
- 0.85 lot acres
Current Use by Public Records
- CanineMemories.com / Pet Cemetery / Animals
- SG Tools / Production Facility / Factory
Property Details for 3204 Cascade Ave
- Year built
- 1966
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.85 lot acres
- Zone code
- M1
- Property type
- Manufacturing properties
- APN
- 6331200017
- APU
- 6331200017
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 22, 2024 | $1,218,500 | 3204 Cascade LLC | Nomind Viii LLC | Special Warranty Deed | $919k · Nomind Viii LLC |
| Apr 9, 2024 | $705,000 | Nomind Viii LLC | Industrial Support Solution | Warranty Deed | — |
| Nov 1, 2021 | $565,000 | Industrial Support Solution | Aj Properties | Special Warranty Deed | $440k · Ai Properties Limited Liability Com |
| Oct 21, 2016 | — | A I Properties LLC | — | Deed · related | $200k · Legacy Bank |
| Jul 28, 2016 | — | A I Properties LLC | — | Deed · related | $61k · Legacy Bk |
| Apr 10, 2001 | $325,000 | A I Properties LLC | Hargis,robert | Grant Deed | — |
| — | — | A I Properties | — | Deed Of Trust · related | $152k · Cheyenne Mountain Bank |
| — | — | A I Properties LLC | — | Deed Of Trust · related | $61k · Legacy Bk |
Description
This single-tenant industrial building, located at 3204 N Cascade Ave in Colorado Springs, Colorado, offers 8,666 square feet of warehouse space. Built in 1953, this one-story structure sits on a 0.95-acre lot and is zoned LI (Light Industrial). The property features two dock-high doors, providing convenient loading and unloading capabilities. Recent improvements include a new exterior fence and gate, fresh exterior paint, and a redesigned open-warehouse floorplan, maximizing efficiency and functionality. The property benefits from its strategic location in the Fillmore Submarket, offering easy access to I-25 via Buchanan Street and N Cascade Avenue. The property is for sale and is a great opportunity for owner-occupiers or investors seeking a well-maintained industrial space. Estimated Net, Net, Net (NNN) expenses are $2.00 per square foot. The fenced storage area provides ample secure outdoor space. This property presents a rare opportunity to acquire a well-located, updated industrial building in a thriving Colorado Springs market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,310,000
- 6.5%
- $1,210,000
- 7%
- $1,125,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,356,000
Market price range: $705k - $1.95M -
Alternative Use
- Use
- Estimation
- INDUSTRIAL (GENERAL)
- $1,145,000 Current use
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Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.823
- Latitude
- 38.8781
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
