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

    3415 Janitell Rd Colorado Springs, CO 80906

    • Specialty properties
    • 2,100 SF
    • 4.76 lot acres
    For Sale
    View listing
    $8,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0984881
    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

    • Mule Train Events / Wedding Venue / Event Venue

    Property Details for 3415 Janitell Rd

    Year built
    1976
    Construction
    WOOD FRAME
    Lot size
    4.76 lot acres
    Property size
    2,100 SF
    Zone code
    A-5
    Property type
    Specialty properties
    APN
    6433302002
    APU
    6433302002

    Description

    This exceptional 26.9-acre commercial and industrial land parcel presents a unique investment opportunity in the thriving southeast Colorado Springs market. Located at 3415 Janitell Road, zip code 80906, this property boasts unparalleled visibility from Interstate 25, ensuring high traffic exposure for any development. The expansive lot, encompassing 205,371 square feet, is zoned A-5, allowing for a diverse range of uses including office, industrial, apartment complexes, and senior living facilities. Existing improvements include a large barn and several outbuildings, offering potential for immediate use or redevelopment. The property's strategic location in El Paso County, Colorado, combined with its flexible zoning and significant size, makes it an ideal site for a variety of commercial and industrial ventures. The asking price for this prime Colorado Springs land is $8,800,000. This is a rare chance to acquire a substantial tract of land with exceptional visibility and development potential in a rapidly growing area. Don't miss this opportunity to secure a valuable asset in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.786
    Latitude
    38.7828
    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
    $1,873
    $46,860
    $3,890
    $50,750
    -
    $167,949
    $18,342
    $186,291

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      Penrose Blvd

      CHARITABLE ORGANIZATION • 0.10 Acres
      Penrose Blvd, Colorado Springs, CO 80906
      View Details
    • Value Estimation by Request
      961 SF

      1138 Cheyenne Mtn Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 961 SF
      1138 Cheyenne Mtn Blvd, Colorado Springs, CO 80906
      View Details
    • Value Estimation by Request
      2,896 SF

      340 Cheyenne Mtn Blvd

      CHARITABLE ORGANIZATION • 2,896 SF
      340 Cheyenne Mtn Blvd, Colorado Springs, CO 80906-4500
      View Details
    • Value Estimation
      $6,970,000
      100,257 SF

      3195 Broadmoor Vly Rd

      CHARITABLE ORGANIZATION • 100,257 SF
      3195 Broadmoor Vly Rd, Colorado Springs, CO 80906
      View Details
    • Value Estimation by Request
      2,285 SF

      610 Wycliffe Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,285 SF
      610 Wycliffe Dr, Colorado Springs, CO 80906
      View Details
    • Value Estimation
      $1,985,000
      3.65 Acres

      8 Penrose Ln

      CHARITABLE ORGANIZATION • 3.65 Acres
      8 Penrose Ln, Colorado Springs, CO 80906-4218
      View Details

    Similar Nearby for Sale

    • $8,800,000
      26.90 Acres

      Colorado Springs Commercial Land

      26.9 Acres, I-25 Visibility, A-5 Zoning
      3415 Janitell Rd, Colorado Springs, CO 80906
      View Details
    • $241,000

      Residential Property with Fireplace

      Residential property featuring a fireplace and spacious primary suite.
      937 Moorings Dr, Colorado Springs, CO 80906
      View Details
    • $370,000
      2,955 SF

      Stratmoor Hills Four-Unit Apartment Building

      Four-unit apartment building in Stratmoor Hills submarket.
      4331 Ericson Dr, Colorado Springs, CO 80906
      View Details
    • Contact for pricing
      2 SF

      Prime Pad Site Opportunity

      1.2-acre pad site in Broadmoor Towne Center.
      2080 Southgate Rd, Colorado Springs, CO 80906
      View Details
    • Contact for pricing

      Prime Pad Site Opportunity

      1.2-acre pad site in Broadmoor Towne Center.
      2070 Southgate Rd, Colorado Springs, CO 80906
      View Details
    • $8,800,000

      27 Acres with Barn

      27 acres with barn and outbuildings, excellent I-25 frontage.
      3415 Janitell Rd, Colorado Springs, CO 80906
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      73,423 SF

      Southern Cross Shopping Center Space

      Colorado Springs retail space for lease. Multiple units available.
      1801-1877 Nevada Ave, Colorado Springs, CO 80906
      View Details
    • $18 SF/Yr
      3,374 SF

      Class A Office Space Available

      Premier office destination with medical and professional users.
      830 Tenderfoot Hill Rd, Colorado Springs, CO 80906
      View Details
    • $15 SF/Yr
      1,570 SF

      Retail Space Near Fort Carson

      Retail space in Safeway-anchored center, Broadmoor Bluffs neighborhood.
      6502 S Academy Blvd, Colorado Springs, CO 80906
      View Details
    • $26 SF/Yr
      4,410 SF

      Retail Space in Cheyenne Mountain Center

      Retail space available in Cheyenne Mountain Center Business District.
      1783-1785 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906
      View Details
    • $29 SF/Yr
      1,500 SF

      Retail Space Near Circle Drive

      Retail space available in Circle Square Shopping Center.
      2713 Janitell Rd, Colorado Springs, CO 80906
      View Details
    • $16 SF/Yr
      2,413 SF

      Retail Space in Centerpointe Plaza

      Shopping center space for lease on North Academy Boulevard.
      5665-5691 N Academy Blvd, Colorado Springs, CO 80906
      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.
    3415 Janitell Rd
    Colorado Springs, CO 80906
    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.