5010 Centennial Blvd Colorado Springs, CO 80907
- Distribution centers
- 34,200 SF
- 2.16 lot acres
Current Use by Public Records
- FedEx Ship Center / Logistics Service / Shipping And Mailing Service
- LC Real Estate Group / Real Estate Agency
- COSA / Car Repair And Maintenance Service
Property Details for 5010 Centennial Blvd
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.16 lot acres
- Property size
- 34,200 SF
- Zone code
- PIP2 HS
- Property type
- Distribution centers
- APN
- 7323401026
- APU
- 7323401026
Description
This exceptional 34,200-square-foot industrial property, located at 5010 Centennial Blvd in Colorado Springs, Colorado, presents a unique investment opportunity. The single-tenant building sits on 2.16 acres of land and is zoned BP. The space is ideally suited for distribution, warehouse, or manufacturing operations, boasting a functional layout designed for efficiency. The building features a substantial 29,412 square feet (86%) of warehouse space complemented by 4,788 square feet (14%) of air-conditioned office space. The warehouse area is equipped with floor drains running the length of both the east and west sides, adding to its practicality. For added climate control, the entire building is 100% air-conditioned and includes mounted gas-fed heaters throughout the warehouse. Ample parking is provided with 80 spaces available. This prime location within El Paso County (zip code 80907) places the property in a highly sought-after submarket known for its concentration of manufacturing and technology companies. The area is home to notable corporate neighbors such as Amazon, Entegris, SRAM, GRAINGER, and Verizon, underscoring the strength and desirability of this location. This property offers a compelling combination of size, functionality, and location, making it an attractive prospect for a variety of industrial users.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,680,000
- 6.5%
- $3,185,000
- 7%
- $3,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,615,000
- Geo Method
- $3,105,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,555,000
- Retail
- $2,735,000
- Mixed-Use
- $2,725,000
- Hospitality
- $2,710,000
- Educational
- $3,400,000
- Residential Income
- $3,675,000
- Energy
- $2,960,000
- Income-Based Land
- $3,355,000
- Food Service
- $3,665,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.858
- Latitude
- 38.9028
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
