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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3425 Astrozon Blvd Colorado Springs, CO 80910

    • Distribution centers
    • 2,697 SF
    • 1.00 lot acres
    For Lease
    View listing
    $8,800 /Mo
    Last Sale
    Mar 22, 2024
    $1,200,000
    Value Estimations
    $1,200,000
    Cap Rate Potential
    2.5%
    Distribution centers
    Location Intelligence
    Property ID
    US13-1145200
    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

    • Gears Inc / Factory / Industrial Manufacturer

    Property Details for 3425 Astrozon Blvd

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    1.00 lot acres
    Property size
    2,697 SF
    Zone code
    M1 AO
    Property type
    Distribution centers
    APN
    6434406006
    APU
    6434406006

    Description

    This exceptional Colorado Springs industrial property, located at 3425 Astrozon Blvd, offers a single-tenant warehouse spanning 6,333 square feet. Situated on a one-acre lot, this property provides ample space for various industrial operations. The building is conveniently located near Hancock Street in El Paso County, Colorado, with easy access to major transportation routes. The warehouse is part of a larger offering that includes two additional structures: a 2,697 square foot office building and a 276 square foot welding shop. These buildings, totaling 3,360 square feet of additional space, can be leased separately or combined with the main warehouse. The combined lease for all three buildings is $15,000 per month. Alternatively, the main warehouse can be leased individually for $8,800 per month. The property's zip code is 80910. This presents a unique opportunity for businesses seeking a versatile and spacious industrial space in a prime Colorado Springs location. The property's coordinates are 38.7869101 latitude and -104.7647874 longitude. A separate, adjacent 2-acre fenced property at 3375 Astrozon is also available for lease at $8,000 per month.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,200,000
      ML approach
      $1,200,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,040,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.765
    Latitude
    38.7867
    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
    $7,077
    $42,540
    $103,690
    $146,230
    -
    $152,460
    $371,660
    $524,120

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      2541 Weston Rd

      DISTRIBUTION WAREHOUSE • 1,500 SF
      2541 Weston Rd, Colorado Springs, CO 80910-1022
      View Details
    • Value Estimation
      $805,000
      9,000 SF

      2660 Durango Dr

      DISTRIBUTION WAREHOUSE • 9,000 SF
      2660 Durango Dr, Colorado Springs, CO 80910-1021
      View Details
    • Value Estimation
      $4,205,000
      31,000 SF

      3455 Astrozon Ct

      DISTRIBUTION WAREHOUSE • 31,000 SF
      3455 Astrozon Ct, Colorado Springs, CO 80910-1005
      View Details
    • Value Estimation
      $890,000
      9,000 SF

      3425 Astrozon Ct

      DISTRIBUTION WAREHOUSE • 9,000 SF
      3425 Astrozon Ct, Colorado Springs, CO 80910
      View Details
    • Value Estimation
      $1,345,000
      14,700 SF

      2865 Delta Dr

      DISTRIBUTION WAREHOUSE • 14,700 SF
      2865 Delta Dr, Colorado Springs, CO 80910-1010
      View Details
    • Value Estimation by Request
      3,600 SF

      3057 Delta Dr

      DISTRIBUTION WAREHOUSE • 3,600 SF
      3057 Delta Dr, Colorado Springs, CO 80910-1014
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Academy Blvd Office & Warehouse

      Colorado Springs commercial space for lease.
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      View Details
    • $11 SF/Yr
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      Airport Road Industrial Space

      Versatile Warehouse/Office Space Available
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      View Details
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      Warehouse with Secured Lot Option

      9,636 SF warehouse with outside storage and highway access.
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      View Details
    • $11 SF/Yr
      4,800 SF

      Industrial Unit in Southeast Colorado

      Industrial unit with dock door and easy highway access.
      2408-2440 Hancock Expy, Colorado Springs, CO 80910
      View Details
    • $11 SF/Yr
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      Warehouse and Office Space Available

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    • $12 SF/Yr
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      Automotive Center For Lease

      21,061 SF automotive center for lease on 2 acres.
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      View Details
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    Colorado Springs, CO 80910
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    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
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