320 N Academy Blvd, Colorado Springs, CO
Office building with elevator, balconies, great views, and parking.
- Added:
- Nov 15, 2024
- Days on Market:
- 570
- Last Refresh:
- May 20 at 9:40 pm
Property Features for 320 N Academy Blvd
General Information
- Standard status
- Active
- Size
- 20,160 SF
- Lot size
- 1.25 Acres
- Property subtype
- OFFICE
Properties For Sale
at 320 N Academy Blvd Contact us
Listing agent Jay Carlson License #ER.000271191
Listing office Front Range Commercial LLC (719) 520-9500
Listing date Nov 15, 2024
Source Moodyscre
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 Front Range Commercial LLC
HighLights
- Excellent parking for tenants and visitors.
- Great views from multiple vantage points.
- Located on the southwest corner of Academy Blvd and Platte Ave.
- Adjacent to restaurants and Citadel Mall for convenient access to amenities.
- Balconies offer private outdoor space.
- Elevator access.
Overview
Local 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 | $302.4k | $15.00 |
| − Vacancy | −$37.8k | −$1.88 |
| EGI | $264.6k | $13.13 |
| − OpEx | −$66.2k | −$3.28 |
| NOI | $198.5k | $9.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.758
- Latitude
- 38.838
