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    Property profile & analytics

    855 Aeroplaza Dr Colorado Springs, CO 80916

    • Manufacturing properties
    • 50,146 SF
    • 3.42 lot acres
    For Sale
    View listing
    $6,345,000
    Last Sale
    Mar 23, 2021
    $3,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2621541
    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.

    Current Use by Public Records

    • School / College
    • Gustave A Larson Company / Big Box & Wholesale Store / Building Supply
    • Wayne Dalton Sales & Service of Colorado Springs / Building Supply / General Contractor

    Property Details for 855 Aeroplaza Dr

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.42 lot acres
    Property size
    50,146 SF
    Zone code
    PIP2/CR AO
    Property type
    Manufacturing properties
    APN
    6424001002
    APU
    6424001002

    Description

    This exceptional 50,146-square-foot industrial property, located at 855 Aeroplaza Dr, Colorado Springs, CO 80916, presents a compelling investment opportunity. Situated on a 3.42-acre lot within the Airport submarket, this single-story building boasts a desirable location in an Opportunity Zone. Constructed in 1980, the structure features a functional layout ideal for distribution and warehouse operations. The high ceilings, ranging from 18 to 20 feet, provide ample vertical space for storage and efficient material handling. The property includes eight loading docks and three dock-high doors, ensuring smooth and efficient loading and unloading processes. The building is zoned BP/CR, offering flexibility for various industrial uses. The asking price is $6,345,000, translating to a price per square foot of $126.53. A potential lease rate of $8.75 per square foot, NNN, is available for year one. This property represents a rare chance to acquire a well-located, functional industrial space with significant potential for growth and return on investment. The property's strategic location and substantial size make it an attractive option for businesses seeking a robust and efficient operational base in the thriving Colorado Springs market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,325,000
      ML approach
      $3,295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,079,000
      Market price range: $4.08M - $11.3M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.725
    Latitude
    38.8137
    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
    $15,170
    $180,800
    $413,060
    $593,860
    -
    $648,041
    $1,480,525
    $2,128,566

    Comparable in this City

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      890 Newport Rd

      MANUFACTURING (LIGHT) • 82,171 SF
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      View Details
    • Value Estimation by Request
      4,500 SF

      7795 Drennan Rd

      MANUFACTURING (LIGHT) • 4,500 SF
      7795 Drennan Rd, Colorado Springs, CO 80916-4901
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    • Value Estimation
      $960,000
      10,000 SF

      5675 Parachute Cir

      MANUFACTURING (LIGHT) • 10,000 SF
      5675 Parachute Cir, Colorado Springs, CO 80916-4728
      View Details
    • Value Estimation
      $2,440,000
      23,944 SF

      1755 Merchants Ct

      MANUFACTURING (LIGHT) • 23,944 SF
      1755 Merchants Ct, Colorado Springs, CO 80916-4518
      View Details
    • Value Estimation
      $11,425,000
      163,744 SF

      1275 Newport Rd

      MANUFACTURING (LIGHT) • 163,744 SF
      1275 Newport Rd, Colorado Springs, CO 80916-2776
      View Details
    • Value Estimation
      $2,070,000
      14,400 SF

      2065 Aeroplaza Dr

      MANUFACTURING (LIGHT) • 14,400 SF
      2065 Aeroplaza Dr, Colorado Springs, CO 80916-4207
      View Details

    Similar Nearby for Sale

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      Colorado Springs Industrial Warehouse

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    Similar Nearby for Lease

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      View Details
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    Colorado Springs, CO 80916
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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.

    More about this property
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