Office Building on Union
For Sale
$1,200,000
1445 N Union Blvd Colorado, Colorado Springs, CO 80909
7,113 SF office building on 0.47-acre lot.
Property Size7,113 SF
Price / SF$168.71
Days on Market309
Property Features for 1445 N Union Blvd Colorado
General Information
Standard status
Active
Size
7,113 SF
Property subtype
Office
Building Details
Year Built
1985
Listing Agency:
RE/MAX
(719) 570-9000
Listed By:
Rob Rolley · License #FA40047227
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 30 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX
Investment Insights
Based on property information with market context.
Located on N Union Blvd and Palmer Park Blvd, this 7,113 square foot building is situated on a 20,470 square foot (0.47 acre) lot. The zoning is OR (Office / Residential), suitable for a variety of uses. It features 3.9 parking spaces per 1,000 square feet. The property's central location provides easy access to downtown, approximately 7 minutes away. It is an excellent building for an owner/user or as an investment property.
Key Highlights
- Excellent Owner / User or Investment Building with a 6.73% CAP Rate (2024)
- ZONING: OR (Office / Residential) appropriate for a variety of uses.
- Central location with easy access to downtown (7 minutes).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.7k | $15.00 |
| − Vacancy | −$13.3k | −$1.88 |
| EGI | $93.4k | $13.13 |
| − OpEx | −$23.3k | −$3.28 |
| NOI | $70.0k | $9.84 |
7,113 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$875.2K – $1.17M
NOI $70,019 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,330 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 7,113 SF office building on 0.47-acre lot.
Where is this office building located?
The property is located at 1445 N Union Blvd Colorado Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Excellent Owner / User or Investment Building with a 6.73% CAP Rate (2024); ZONING: OR (Office / Residential) appropriate for a variety of uses.; Central location with easy access to downtown (7 minutes).
