Add Listing
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

    3811 Cascade Ave Colorado Springs, CO 80907

    • Warehouses
    • 13,000 SF
    • 2.22 lot acres
    OFF-MARKET
    Last Sale
    Mar 13, 2024
    Value Estimations
    $1,880,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0997156
    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

    • Warehouses

    Property Details for 3811 Cascade Ave

    Year built
    1979
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.22 lot acres
    Property size
    13,000 SF
    Zone code
    R5 CU NNA
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    6330408018
    APU
    6330408018

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,055,000
      6.5%
      $1,895,000
      7%
      $1,760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,477,000
      Market price range: $1.46M - $3.16M
      AI Estimate
      $1,266,000
      Market price range: $389k - $1.80M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,970,000
      Current use
      MEDICAL BUILDING
      $3,125,000
      Change: +59% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.821
    Latitude
    38.8873
    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
    $0.00
    $125,460
    $365,610
    $491,070
    -
    $449,669
    $1,310,424
    $1,760,093

    Comparable in this City

    • Value Estimation by Request
      1,117 SF

      940 Pinon Rnch Vw

      MINI-WAREHOUSE, STORAGE • 1,117 SF
      940 Pinon Rnch Vw, Colorado Springs, CO 80907-3308
      View Details
    • Value Estimation by Request
      1,320 SF

      3419 Prospect St

      MINI-WAREHOUSE, STORAGE • 1,320 SF
      3419 Prospect St, Colorado Springs, CO 80907
      View Details
    • Value Estimation by Request
      1,088 SF

      3030 Beacon St

      MINI-WAREHOUSE, STORAGE • 1,088 SF
      3030 Beacon St, Colorado Springs, CO 80907-5125
      View Details
    • Value Estimation by Request
      1,200 SF

      304 Mt Vw Ln

      MINI-WAREHOUSE, STORAGE • 1,200 SF
      304 Mt Vw Ln, Colorado Springs, CO 80907-4427
      View Details
    • Value Estimation by Request
      625 SF

      Taylor St

      MINI-WAREHOUSE, STORAGE • 625 SF
      Taylor St, Colorado Springs, CO 80907
      View Details
    • Value Estimation by Request
      780 SF

      2521 Tejon St

      MINI-WAREHOUSE, STORAGE • 780 SF
      2521 Tejon St, Colorado Springs, CO 80907-6836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,932 SF

      Standalone Industrial Building For Sale

      Industrial building with flexible zoning, close to I-25.
      2702 N Nevada Ave, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      6,304 SF

      Cold-Storage Warehouse For Sale

      6,304 SF cold-storage warehouse available for purchase.
      3341 N El Paso St, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      8,643 SF

      Industrial Space with Ample Power

      Former indoor farming space featuring ample power and one overhead door.
      3524 N Tejon St, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      1,932 SF

      Industrial Building with Flexible Zoning

      Standalone industrial building with flexible zoning, close to I-25.
      2702 N Nevada Ave, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      21,185 SF

      High-Visibility Colorado Springs Commercial Property

      Prime location with strong traffic exposure and versatile potential uses.
      2325 Sinton Rd, Colorado Springs, CO 80907
      View Details
    • $3,480,000
      20,700 SF

      Renovated Industrial Building with Expansion

      Extensively renovated industrial building with expansion potential near I-25.
      3512 N Tejon St, Colorado Springs, CO 80907
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      19,600 SF

      Flex Space Near Garden of Gods

      Flex space with office and warehouse, great I-25 access.
      4740 Forge Rd, Colorado Springs, CO 80907
      View Details
    • Contact for pricing

      Fillmore Industrial Submarket Flex Space

      5,062 RSF flex space in Fillmore Industrial Submarket.
      2838 N Prospect St, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      2,497 SF

      Colorado Springs Flex Space Available

      Flex space available in Colorado Springs, approximately 2,716 square feet.
      967-1077 Elkton Dr, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      1,800 SF

      Warehouse Space with High Visibility

      1,800 SF warehouse space with C-6 zoning and accessibility.
      30-60 Buchanan St, Colorado Springs, CO 80907
      View Details
    • Contact for pricing
      3,200 SF

      Retail/Warehouse Space on Garden of the Gods

      End unit retail/warehouse space with drive-in doors and signage.
      140 East Garden Of The Gods Rd, Colorado Springs, CO 80907
      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.
    3811 Cascade Ave
    Colorado Springs, CO 80907
    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.
    Sign Up Successful!
    You now have access to more from Realmo!