620 Vermijo Ave Colorado Springs, CO 80905-1627
This exceptional 9,600-square-foot industrial warehouse, located at 620 W Vermijo Ave in Colorado Springs, Colorado, presents a compelling investment opportunity. Built in 1995, this single-story building sits on an 11,557-square-foot lot and is zoned GI (General Industrial), offering versatility for a range of uses. The warehouse boasts impressive features including a ceiling height ranging from 14 to 20 feet, providing ample storage and operational space. Loading and unloading are efficient with one loading dock and two 10' x 12' dock-high doors, complemented by an additional 10' x 12' overhead door. The asking price is $995,000, translating to an attractive price per square foot of $103.65. This property's strategic location in El Paso County, zip code 80905, offers convenient access to major transportation routes. The property is offered as a modified gross lease at $8.95 per square foot for the first year. This warehouse presents a rare opportunity to acquire a well-maintained industrial space in a thriving Colorado Springs location. Don't miss this chance to own a piece of Colorado Springs' industrial real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M2 · Colorado Springs, COColorado Springs. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.