8020 Toltec Lane

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8020 Toltec Lane

16189, CO 80908
Asking Price
$1.27M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Expansive parcel of land spanning 6.81 acres total.
  • Property is currently listed for sale at 1,274,900 dollars.
  • Located at 8020 Toltec Lane in the 80908 zip code.
  • Positioned within the developing Colorado Springs metropolitan area.
  • The site supports various residential or commercial development uses.

What's Special

Development of this 6.81-acre parcel at 8020 Toltec Lane provides a flexible foundation for residential or commercial projects in the growing 80908 submarket of Colorado. Positioned within an expanding region of the state, the site benefits from proximity to established infrastructure and the broader economic vitality of the Colorado Springs metro area. Buyers can leverage the expansive acreage to accommodate various land use requirements, catering to the ongoing demand for space in this evolving corridor. The land offers a strategic entry point for investors or developers seeking to capitalize on regional growth patterns and favorable market trends. Its proximity to major thoroughfares ensures connectivity to regional hubs, making it an accessible candidate for immediate or long-term land banking strategies. Whether intended for specialized commercial use or residential site development, this property provides the necessary scale to support diverse planning initiatives within an active and developing suburban environment.

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NOI
$80,000
Cap Rate
6.28%
DSCR
1.06
Tight
Cash-on-Cash
1.13%
Monthly Payment
$6,307.51
Annual Cash Flow
$4,309.885

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