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Property profile & analytics
OFF-MARKET Estimated value $5,970,000
Distribution centers

8955 Drennan Rd Colorado Springs, CO 80925-1105

42,984 SF 10 ac lot Built 1984
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US13-2794546
Property summary
AI-generated overview

This exceptional 2-3 acre industrial land parcel, located at 8955 Drennan Rd in El Paso County's Colorado Springs Southeast submarket, presents a unique opportunity for businesses seeking a strategic location. Zoned I-2, this single-tenant site boasts a total building footprint potential of 42,984 square feet, offering ample space for development or lease. The property's advantageous position at the intersection of Marksheffel Blvd and Drennan Rd provides unparalleled accessibility. Businesses will benefit from the property's proximity to Colorado Springs Airport, Downtown Colorado Springs, and the vital Powers corridor, ensuring seamless connectivity to transportation networks and key commercial areas. This prime location offers significant advantages for distribution, manufacturing, or warehousing operations. The site's size and zoning regulations allow for a variety of development possibilities, making it an ideal choice for companies seeking to establish a strong presence in a thriving industrial market. Contact us for pricing and detailed information to explore the potential of this exceptional industrial land opportunity. The property is available for lease or build-to-suit arrangements.

Property profile
Verified
Property type Distribution centers
Use group DISTRIBUTION WAREHOUSE
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 42,984 SF
Lot 10 ac (435,600 SF)
Zoning code I-2 CAD-O
APN 5503201001
UPID US13-2794546
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
  • L3Harris Corporation Engineering Consultant
  • General Express Courier Courier Service Postal Service
  • Top Basement Solutions General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.98M
CAP Approach CAP
$7.29M
Comparable Approach Comparable
$5.52M
Blend (final) Blend
$5.97M
Owner & transaction history
Richard W Mckee · 4 yrs held
Richard W Mckee
since 2021
Last sale
$6.2M
7 recorded transactions
2022
Price N/A
2021
$6.2M
2019
Price N/A
2007
$4.1M
2001
$2.4M
2001
$2.4M
1969
Price N/A
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $9.2M +29.8%
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