155 Mount View LnColorado Springs, CO 80907

  • Industrial properties
  • 12,400 SF
For Sale
$2,050,000 View listing

Property Details for 155 Mount View Ln

Year built
1985
Construction
STEEL FRAME
Lot size
0.87 AC
Property size (Sq ft)
12,400 SF
Zone code
M1 NNA
Property type
Industrial properties
Property subtype
Distribution centers
APN
6330408023
APU
6330408023

Description

This exceptional value-add industrial property, located at 155 Mount View Lane in Colorado Springs, Colorado, presents a compelling investment opportunity. The 12,545-square-foot building, constructed in 1985, sits on a 37,864-square-foot lot zoned M1 Industrial Light, offering significant potential. Currently housing three tenants, the property boasts a strong net operating income (NOI) of $134,680, with an asking price of $2,050,000 ($163 per square foot). The building features one structure with four units, including two loading docks and three dock-high doors (8'x10'), plus three drive-in doors (10'x10'). Ceiling height is 16 feet. The property benefits from a fully fenced site and ample parking. Two units are currently available for lease: a 3,429-square-foot unit and a 2,842-square-foot unit priced below market rate. Its central Colorado Springs location provides immediate access to North Nevada Avenue and I-25, making it highly desirable. The property also allows for permissible outdoor storage, catering to a wide range of industrial uses. The high demand for smaller bays (ranging from approximately 2,831 to 3,443 square feet) further enhances its investment appeal. The occupancy date is May 22, 2024.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,104,545
    Hospitality
    $2,843,746
    Educational
    $2,365,964
    Medical
    $2,447,333
    Retail
    $3,680,388
155 Mount View Ln, Colorado Springs, Colorado

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8893
Longitude
-104.821
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
-
$43,310
$376,000
$419,310
-
$155,242
$1,347,687
$1,502,929

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