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    5010 Centennial Blvd Colorado Springs, CO 80907

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    5010 Centennial Blvd Colorado Springs, CO 80907

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    • Distribution centers
    • 34,200 SF
    • 2.16 lot acres
    For Sale
    $5,750,999
    View Listing →
    Air Conditioned Warehouse in Colorado For Sale
    $5,750,999
    34,200 SF

    Air Conditioned Warehouse in Colorado

    34,200 SF warehouse with air conditioning in Colorado Springs.

    5010 Centennial Blvd, Colorado Springs, CO 80907
    View Listing
    Property ID
    US13-0970905
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • FedEx Ship Center / Logistics Company / Freight Service
    • LC Real Estate Group / Real Estate Agency
    • COSA / Auto Repair Shop / Vehicle Inspection Center

    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 Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,230,000
      ML approach
      $3,210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,589,000
      Market price range: $4.09M - $8.59M

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

    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

    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
    $52,614
    $122,070
    $846,620
    $968,690
    -
    $437,514
    $3,034,470
    $3,471,984

    Comparable in this City

    • Value Estimation
      $3,160,000
      33,996 SF

      5075 Centennial Blvd

      DISTRIBUTION WAREHOUSE • 33,996 SF
      5075 Centennial Blvd, Colorado Springs, CO 80919-2401
      View Details
    • Value Estimation
      $1,325,000
      15,627 SF

      5015 30th St

      DISTRIBUTION WAREHOUSE • 15,627 SF
      5015 30th St, Colorado Springs, CO 80919-3158
      View Details
    • Value Estimation by Request
      23,497 SF

      6275 Corporate Dr

      Flex space • 23,497 SF
      6275 Corporate Dr, Colorado Springs, CO 80919
      View Details
    • Value Estimation
      $2,625,000
      19,808 SF

      6395 Corporate Ctr Cir

      DISTRIBUTION WAREHOUSE • 19,808 SF
      6395 Corporate Ctr Cir, Colorado Springs, CO 80919-2078
      View Details
    • Value Estimation
      $1,585,000
      7,500 SF

      4925 List Dr

      DISTRIBUTION WAREHOUSE • 7,500 SF
      4925 List Dr, Colorado Springs, CO 80919-3320
      View Details
    • Value Estimation
      $1,955,000
      23,497 SF

      6255 Corporate Dr

      DISTRIBUTION WAREHOUSE • 23,497 SF
      6255 Corporate Dr, Colorado Springs, CO 80919-1980
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,684 SF

      Colorado Springs Flex/Industrial Property

      Flex/Industrial property available for sale in Colorado Springs, CO.
      5415 Mark Dabling Blvd, Colorado Springs, CO 80919
      View Details
    • $1,985,000

      Free Standing Warehouse For Sale

      Warehouse/Storage building with great access in Colorado Springs.
      4925 List Dr, Colorado Springs, CO 80919
      View Details
    • $5,900,000
      42,759 SF

      High-Power Industrial Facilities Campus

      Industrial campus with heavy power, ideal for manufacturing or distribution.
      4975 N 30Th St, Colorado Springs, CO 80919
      View Details
    • $5,900,000
      42,759 SF

      Industrial Campus with High-Power Capacity

      Industrial facility in high-demand corridor suitable for various operations.
      4975 N 30Th St, Colorado Springs, CO 80919
      View Details
    • $5,900,000

      High-Power Industrial Facilities Campus

      Industrial campus with heavy power, ideal for manufacturing or distribution.
      4975 N 30Th St, Colorado Springs, CO 80919
      View Details
    • Contact for pricing

      Prime Buildable Parcel For Sale

      2.69 acre pad site in Colorado Springs.
      Centennial Blvd, Colorado Springs, CO 80919
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      4,050 SF

      Centennial Blvd Flex/Industrial Space

      50,470 SF flex/industrial building with 18' clear height.
      4870 Centennial Blvd, Colorado Springs, CO 80919
      View Details
    • Contact for pricing

      Centennial Boulevard Flex Space

      Flex space available for lease on Centennial Boulevard.
      4870 Centennial Blvd, Colorado Springs, CO 80919
      View Details
    • Contact for pricing
      11,500 SF

      Versatile Space with Industrial Potential

      High-quality space suitable for church or industrial conversion.
      5805-5825 Mark Dabling Blvd, Colorado Springs, CO 80919
      View Details
    • Contact for pricing

      Delmonico Drive

      Discover many ways to work your way in Delmonico Drive
      5825 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • Contact for pricing

      CO, Colorado Springs - Corporate Dr

      Workspaces, services and support to help you work better in Coral Gables
      6760 Corporate Dr, Colorado Springs, CO 80919
      View Details
    • Contact for pricing

      West Side Flex Space Available

      4,015 SF office/warehouse flex space, move-in ready.
      5072 List Dr, Colorado Springs, CO 80919
      View Details
    View Listing
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    Colorado Springs, CO 80907
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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.

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