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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Industrial land
7920 Industry Rd Colorado Springs, CO 80939-9716
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1198894
Property summary
AI-generated overview
This exceptional 9,750 square foot warehouse, situated on a full acre of I-3 zoned land in Colorado Springs, CO, presents a compelling investment opportunity. The property boasts a prime location near Mark Sheffel and Constitution avenues, offering excellent visibility and accessibility. Built in 2023, this new construction features 1,500 square feet of well-appointed office space and 8,250 square feet of open warehouse area, ideal for a variety of industrial uses. The asking price is $2,340,000, translating to $240 per square foot. A secure storage yard adds to the property's functionality and appeal. The property's location is within a rapidly developing area, promising significant future growth potential. The available occupancy date is June 1st, 2023. This warehouse offers a rare combination of modern amenities, strategic location, and substantial space, making it an attractive proposition for businesses seeking a high-quality industrial facility in a thriving Colorado Springs market. The address is 7920 Industry Rd, Colorado Springs, CO 80939.
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
1 ac (43,560 SF)
Zoning code
I-3 CAD-O
APN
5333201012
UPID
US13-1198894
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Garage Auto Repair Shop
-
Mario Brothers Concrete (Mario Brothers Concrete Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.30M
Owner & transaction history
Sand Lot 2 LLC · 2 yrs held
Sand Lot 2 LLC
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
I-3 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (Apr 27 2024)
Last sale anchor
$2.30M
Apr 27 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,512
Tax year 2023
Assessed value
$63,800
Assessed 2023
Previous assessed
$63,800
+0.0% YoY
Effective rate
7.07%
On assessed value
Assessed land
$63,800
Land market value
$228,690
Total market value
$228,690
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
1 ac (43,560 SF)
Zoning code
I-3 CAD-O
APN
5333201012
UPID
US13-1198894
Jurisdiction
EL PASO
Zoning & alternative use
I-3 CAD-O · Colorado Springs, CO
Zoning I-3 CAD-O · permitted uses
I-3 CAD-O · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Sand Lot 2 LLC
Entity
Mailing address
7920 INDUSTRY RD, COLORADO SPRINGS, CO 80939-9716
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2024
—
Sand Lot 2 LLC
Hammers Construction INC
Quit Claim Deed
related
—
Apr 27, 2024
$2,300,000
Stage 11 LLC
Sand Lot 2 LLC
Special Warranty Deed
$13,455 · Sand Lot 2 LLC
Jul 29, 2022
—
Hammers Construction INC
—
Deed
related
$1,827,353 · First National Bank Of Las Animas
Jun 23, 2022
$283,140
Hammers Construction INC
Smelker Schleder LLP
Special Warranty Deed
—
Dec 15, 2014
—
Smelker Schleder LLP
Smelker-schleder Ptshp
Quit Claim Deed
related
$505,000 · Ent FCU
May 21, 2009
—
Record Owner
Owner,record
Quit Claim Deed
—
—
—
Smelker-schleder Ptshp LLP
—
Deed Of Trust
related
$357,365 · Pikes Peak National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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