5080 Tamlin Rd 16.49 Acres of Commercial Land in Colorado Springs, CO 80938

The subject property consists of approximately ±16.49 acres strategically located along the rapidly expanding Marksheffel Corridor in East Colorado Springs, one of the
region’s fastest-growing residential and commercial corridors. Situated in unincorporated El Paso County, the property offers a compelling covered land investment profile with immediate cash flow, expansion potential, and long-term redevelopment optionality
The property is currently improved with a stabilized RV and boat storage facility containing approximately 121,860 rentable square feet and 347 rentable units. As of May 2026,
the facility was approximately 80% physically occupied based on rentable inventory, with 278 occupied units and approximately 97,760 occupied square feet. The property
includes a mix of RV, boat, vehicle storage, and drive-up storage units, providing diversified income streams with relatively low management intensity.
Recent capital improvements include 46 newly constructed storage spaces completed in 2024, further enhancing the property’s income-generating capacity. Additionally,
approximately ±4.4 acres of excess land remain available for expansion, additional storage inventory, or alternative commercial development.
A third-party cost segregation study allocated approximately 89.8% of the acquisition basis to assets with recovery periods of 15 years or less, highlighting the potential for
substantial accelerated depreciation benefits for future ownership. Purchasers should consult their tax advisors regarding the applicability and timing of such benefits.
The site benefits from CS (Community Service) zoning within El Paso County, permitting a broad range of retail, office, recreational, service-commercial, and community-oriented uses. The property is positioned within a rapidly transitioning growth corridor surrounded by expanding residential development, including Banning Lewis Ranch, one of the largest master-planned communities in Colorado Springs with approximately 60,000 homes projected at buildout.
Infrastructure improvements continue to support long-term value creation. Marksheffel Road is currently undergoing significant widening and utility expansion projects, while
Colorado Springs Utilities has planned water and sewer infrastructure improvements in the immediate area. These investments are expected to further enhance accessibility,
development feasibility, and annexation potential.
Overall, the property presents a rare opportunity to acquire a cash-flowing storage asset with meaningful upside through lease-up, expansion, commercial development, and
long-term appreciation within one of Colorado Springs’ most active growth corridors.