8150 Black Forest RdColorado Springs, CO 80908

Property Details for 8150 Black Forest Rd

Year built

1979

Lot size

15.43 AC

Property size (Sq ft)

3,736 SF

Zone code

A-5 CAD-O

Property type

Office buildings

APN

5306002009

APU

5306002009

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $817,191

  6.5%

  $754,330

  7%

  $700,449

• Comparable approach

  Method

  Valuation

  Relative Method

  $308,668

  Geo Method

  $308,668

• Alternative Use

  Use

  Valuation

  Residential

  $935,369

  Hospitality

  $856,793

  Educational

  $712,842

  Medical

  $737,358

  Retail

  $1,108,865

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.95

Longitude

-104.702

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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