Property profile

8150 Black Forest Rd Colorado Springs, CO 80908

FOR SALE
Office buildings
Property ID
US13-1672838
3,736 SF 15.43 ac lot Built 1979
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 15.43-acre commercial land parcel, located at 8150 Black Forest Road in Colorado Springs, CO 80908, presents a remarkable development opportunity. Situated at the southwest corner of Black Forest Road and Cowpoke Road, this property benefits from its location in a rapidly expanding area. The land is remarkably flat, minimizing development constraints and ensuring efficient site utilization. All essential utilities are conveniently located adjacent to the property, streamlining the development process. An existing well is already on-site, further enhancing its appeal. The property has already been platted, expediting the permitting and construction phases. The asking price is $5,800,000, translating to a land value of $8.63 per acre. It's important to note that a portion of the property (approximately 0.69 acres in the northwest corner) is subject to a long-term lease and easement for a cell phone tower. This area is available for negotiation. The property's APN is 5306002009 and is zoned A-5 CAD-O. This prime location and the existing infrastructure make this a highly attractive investment for developers seeking a strategic foothold in a thriving Colorado Springs market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Total area 3,736 SF
Lot 15.43 ac (672,131 SF)
Zoning code A-5 CAD-O
APN 5306002009
UPID US13-1672838

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8150 Black Forest Rd Colorado Springs, CO 80908
Colorado Springs metro Census 7105 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$420k

Owner & transaction history

Zoning & alternative use

A-5 CAD-O · Colorado Springs, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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