4920 Centennial BlvdColorado Springs, CO 80907

Property Details for 4920 Centennial Blvd

Year built

1999

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.84 AC

Property size (Sq ft)

57,547 SF

Zone code

PIP1 PF HS

Property type

Office properties

Property subtype

Office buildings

APN

7323401036

APU

7323401036

Description

This exceptional 59,970 square foot industrial/office property, located at 4920 Centennial Blvd in Colorado Springs, Colorado, presents a unique owner-user investment opportunity. Built in 1999, this single-story building sits on a substantial 4.84-acre lot (210,830 square feet) and offers a versatile layout encompassing executive office space, flex space, warehouse, and manufacturing areas. The property boasts an 18-foot ceiling height, ideal for various uses, and includes one loading dock (10' x 11' overhead door) with potential for expansion. Ample parking is provided at a ratio of 5 spaces per 1,000 square feet. The building features a robust electrical system, including a 2,500 AMP 277/480V 3-phase 4-wire main distribution system and two electrical rooms. A 500 KW generator provides backup power for lighting and office areas. The property is zoned PF PIP1 HS and offers significant potential for a variety of businesses. The asking price is $9,895,050, translating to $165 per square foot. This is a rare opportunity to acquire a well-maintained, multi-functional property in a prime Colorado Springs location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,587,497

  6.5%

  $11,619,228

  7%

  $10,789,283

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,754,533

  Geo Method

  $4,754,533

• Alternative Use

  Use

  Valuation

  Residential

  $14,407,843

  Hospitality

  $13,197,506

  Educational

  $10,980,170

  Medical

  $11,357,795

  Retail

  $17,080,266

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9016

Longitude

-104.856

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].