6140 Champlin DrFountain, CO 80817

Property Details for 6140 Champlin Dr

Year built

2001

Construction

STEEL FRAME

Lot size

1.42 AC

Property size (Sq ft)

9,976 SF

Property type

Manufacturing properties

APN

5607204009

APU

5607204009

Description

This exceptional 10,000-square-foot industrial warehouse, situated on a 1.42-acre lot in Fountain, Colorado's Champlin Industrial Park, presents a compelling investment opportunity. Priced at $2,200,000 ($220/SF), this single-tenant property boasts a strong financial performance, with a current annual net operating income (NOI) of $120,000 and a 6% cap rate. The building features a 3-year lease in place with a national credit tenant. Conveniently located off I-25 South, near the Amazon distribution center and Fort Carson, this property offers easy access to major transportation routes and military installations. The 10,000-square-foot building includes approximately 1,500 square feet of office space, featuring a reception area, three offices, and two ADA-compliant restrooms. The remaining 8,500 square feet comprises a shop area equipped with a 14-foot overhead door, a drive-in door, and 480V, 3-phase electric service with multiple sub-panels. A fenced yard enhances security and functionality. The property is zoned for various commercial uses, including manufacturing, and is approved for a 10,000-square-foot expansion, offering significant future growth potential. Annual property taxes are approximately $9,474. The property's APN is 719-337-9551 or 719-337-0999.

• CAP approach

  CAP return

  Valuation

  6%

  $4,953,540

  6.5%

  $4,572,500

  7%

  $4,245,890

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,318,750

  Geo Method

  $1,318,750

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,329,450

  Mixed-Use / Specialty

  $2,309,080

  Hospitality / Lodging

  $1,678,400

  Office

  $2,282,800

  Institutional / Educational

  $2,396,210

  Residential Income

  $2,803,560

  Multifamily

  $3,429,300

  Automotive / Energy

  $2,053,890

  Parking / Income-Based Land

  $720,689

  Restaurant / Food Service

  $1,175,230

  Healthcare / Senior Housing

  $2,380,290

Location Insight

City

Fountain

County

El Paso

State

Colorado

Latitude

38.6746

Longitude

-104.713

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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