Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    720 Geiger Ct Colorado Springs, CO 80915-3509
    Back to Search
    Property profile & analytics

    720 Geiger Ct Colorado Springs, CO 80915-3509

    View on Map
    • Warehouses
    • 30,000 SF
    • 2.89 lot acres
    Off-Market
    Last Sale Apr 8, 2021
    Property ID
    US13-0465224
    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
    $2,555,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ryan Herco Products Corporation / Distribution Center / Logistics Company
    • Ryan Herco Flow Solutions / Factory / Metal Fabrication Plant

    Property Details for 720 Geiger Ct

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    2.89 lot acres
    Property size
    30,000 SF
    Zone code
    PIP1 UV APZ2 AO
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    6412302002
    APU
    6412302002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.734
    Latitude
    38.8433
    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
    $140,490
    $441,910
    $582,400
    -
    $503,552
    $1,583,897
    $2,087,449

    Comparable in this City

    • Value Estimation
      $825,000
      9,720 SF

      6302 Platte Ave

      MINI-WAREHOUSE, STORAGE • 9,720 SF
      6302 Platte Ave, Colorado Springs, CO 80915-3706
      View Details
    • Value Estimation
      $14,350,000
      90,524 SF

      4510 Edison Ave

      MINI-WAREHOUSE, STORAGE • 90,524 SF
      4510 Edison Ave, Colorado Springs, CO 80915-4111
      View Details
    • Value Estimation
      $905,000
      2,800 SF

      682 Babcock Rd

      MINI-WAREHOUSE, STORAGE • 2,800 SF
      682 Babcock Rd, Colorado Springs, CO 80915
      View Details
    • Value Estimation
      $2,150,000
      2,400 SF

      4940 Geiger Blvd

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      4940 Geiger Blvd, Colorado Springs, CO 80915-3516
      View Details
    • Value Estimation
      $725,000
      7,200 SF

      6335 Platte Ave

      MINI-WAREHOUSE, STORAGE • 7,200 SF
      6335 Platte Ave, Colorado Springs, CO 80915-3705
      View Details
    • Value Estimation
      $805,000
      4,200 SF

      2155 Victor Pl

      MINI-WAREHOUSE, STORAGE • 4,200 SF
      2155 Victor Pl, Colorado Springs, CO 80915-1506
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,100 SF

      Powers Blvd Commercial Property

      High-visibility commercial property on Powers Blvd, Colorado Springs.
      1480 Ainsworth St, Colorado Springs, CO 80915
      View Details
    • Contact for pricing
      7,000 SF

      New Colorado Springs Flex Building

      7,000 SF flex building in new condition for sale.
      780 Seedling Ct, Colorado Springs, CO 80915
      View Details
    • $1,795,000
      10,260 SF

      Multi-Tenant Flex Building For Sale

      Multi-tenant building with office, warehouse, and storage space.
      1130 Valley St, Colorado Springs, CO 80915
      View Details
    • Contact for pricing
      23,364 SF

      Colorado Springs Warehouse For Sale

      23,364 SF warehouse property in Colorado Springs.
      1330-1354 Ford St, Colorado Springs, CO 80915
      View Details
    • $4,406,400
      24,480 SF

      Waynoka Road Warehouse - Colorado Springs

      24,480 SF Warehouse, $4.4M, I-2 Zoning
      2265 Waynoka Rd, Colorado Springs, CO 80915
      View Details
    • Contact for pricing
      3,600 SF

      Industrial Property with Outdoor Storage

      Industrial warehouse with outdoor storage in active Colorado Springs submarket.
      777 Conrad St, Colorado Springs, CO 80915
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Space on Wooten Road

      Adaptable space suitable for various business applications.
      740-770 Wooten Rd, Colorado Springs, CO 80915
      View Details
    • $13 SF/Yr
      10,740 SF

      Remodeled Office and Warehouse Space

      10,740 SF remodeled office/warehouse with Powers Blvd visibility.
      2370 N Powers Blvd, Colorado Springs, CO 80915
      View Details
    • Contact for pricing

      Claremont Business Park Warehouse

      Office/warehouse suite in thriving submarket with excellent access.
      7363 Mcclain Pt, Colorado Springs, CO 80915
      View Details
    • Contact for pricing
      10,480 SF

      Industrial Space with Secure Storage

      10,840 SF industrial space with secure, 24/7 access.
      625 N Murray Blvd, Colorado Springs, CO 80915
      View Details
    • $12 SF/Yr
      8,800 SF

      Warehouse with Drive-Through Doors

      8,800 SF flex space with fenced yard and drive-through doors.
      1670 Paonia St, Colorado Springs, CO 80915
      View Details
    • Contact for pricing

      Industrial Yard in Colorado Springs

      Secure, accessible industrial yard for lease in east Colorado Springs.
      4510 Edison Ave, Colorado Springs, CO 80915
      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.
    720 Geiger Ct
    Colorado Springs, CO 80915-3509
    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

    Thank You for Inquiry
    720 Geiger Ct, Colorado Springs, CO, 80915
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!