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

    4715 Town Ctr Dr Colorado Springs, CO 80916-4731

    • Distribution centers
    • 17,956 SF
    • 2.84 lot acres
    OFF-MARKET
    Last Sale
    Sep 02, 2021
    $4,050,000
    Value Estimations
    $3,845,000
    Show details
    Cap Rate Potential
    5.2%
    Distribution centers
    Location Intelligence
    Property ID
    US13-1012119
    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

    • Summit Respiratory - Rotech Co. / Production Facility
    • Summit Respiratory / Medical Clinic
    • Colorado Springs ABM Office / Landscaping / General Contractor
    • Ran Decisions Inc / Publishing House

    Property Details for 4715 Town Ctr Dr

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.84 lot acres
    Property size
    17,956 SF
    Zone code
    PIP2 APZ2 AO SS
    Property type
    Distribution centers
    APN
    6414101040
    APU
    6414101040

    Description

    This exceptional 7,232-square-foot warehouse in Colorado Springs, Colorado, presents a unique investment opportunity. Situated at 4715 Town Center Drive, this industrial property boasts a prime location, just minutes from Colorado Springs Airport, Peterson & Shriever Air Force bases, and the thriving South Powers corridor. Currently fully vacant, the building offers immediate occupancy for a single tenant or the potential for multiple tenants. The property is under new ownership and is slated for renovations, promising flexible lease terms to suit various business needs. One available suite (Suite D) includes 4 private offices, a reception area, and a second-floor executive office/conference room, ideal for a business requiring both office and warehouse space. The warehouse itself features a convenient drive-up door and approximately 1,200 square feet of 18-foot-high clear ceiling height, providing ample space for storage or manufacturing. Located in El Paso County, with a zip code of 80916, this property offers easy access to major transportation routes and a strong workforce. The building's strategic location and planned renovations make it an attractive option for businesses seeking a modern and functional industrial space in a rapidly growing area. This is a rare opportunity to secure a well-positioned warehouse in a highly desirable location. Contact us today to learn more about this exceptional property and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,845,000
      ML approach
      $3,770,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,310,000
      6.5%
      $3,055,000
      7%
      $2,840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,520,000
      Market price range: $2.10M - $3.85M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,835,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,785,000
      Change: +69% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $4,420,000
      Change: +56% Conversion: Easy
      MEDICAL BUILDING
      $4,320,000
      Change: +52% Conversion: Difficult
      OFFICE BUILDING
      $3,835,000
      Change: +35% 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
    -104.741
    Latitude
    38.8367
    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
    $113,900
    $581,690
    $695,590
    -
    $408,243
    $2,084,916
    $2,493,159

    Comparable in this City

    • Value Estimation by Request
      1,800 SF

      4655 Town Ctr Dr, Unit 50

      DISTRIBUTION WAREHOUSE • 1,800 SF
      4655 Town Ctr Dr, Colorado Springs, CO 80916-4764
      View Details
    • Value Estimation
      $7,610,000
      92,000 SF

      2845 Academy Blvd

      DISTRIBUTION WAREHOUSE • 92,000 SF
      2845 Academy Blvd, Colorado Springs, CO 80916
      View Details
    • Value Estimation
      $4,380,000
      48,570 SF

      1775 Murray Blvd

      DISTRIBUTION WAREHOUSE • 48,570 SF
      1775 Murray Blvd, Colorado Springs, CO 80916-4513
      View Details
    • Value Estimation
      $6,795,000
      75,952 SF

      2520 Aviation Way

      DISTRIBUTION WAREHOUSE • 75,952 SF
      2520 Aviation Way, Colorado Springs, CO 80916-2755
      View Details
    • Value Estimation
      $755,000
      5,500 SF

      1972 Aerotech Dr

      DISTRIBUTION WAREHOUSE • 5,500 SF
      1972 Aerotech Dr, Colorado Springs, CO 80916-4205
      View Details
    • Value Estimation by Request
      3,001 SF

      1902 Aerotech Dr, Unit 6

      DISTRIBUTION WAREHOUSE • 3,001 SF
      1902 Aerotech Dr, Colorado Springs, CO 80916-4215
      View Details

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      Colorado Springs Industrial Property

      Industrial property available for sale in Colorado Springs, CO.
      4625 Town Center Dr, Colorado Springs, CO 80916
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    Similar Nearby for Lease

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      Triumph Logistics Center: Prime Distribution Space

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      Rustic Hills Commerce Center

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      Adaptable Flex Space with Warehouse

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      Industrial Space For Lease

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    Colorado Springs, CO 80916-4731
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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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