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    Office Building Near Downtown Title is generated by Realmo AI

    2150 Lelaray St, Colorado Springs, CO

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    15,672 SF office building suitable for owner-user or investor.

    Type:OFFICE
    Property size:
    15,672 SF
    Lot size:
    1.74 Acres
    Price / SF:
    $178/SF
    Added:
    May 19, 2025
    Days on Market:
    394
    Last Refresh:
    May 20 at 8:39 pm

    Property Features for 2150 Lelaray St

    General Information

    Standard status
    Active
    Size
    15,672 SF
    Lot size
    1.74 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 2150 Lelaray St Contact us

    We can help!

    Listing Contact
    Annkelly Cameron
    Annkelly Cameron

    Listing agent Annkelly Cameron License #CO-040041260

    Listing office Thrive Commercial Partners

    Listing date May 19, 2025

    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 Thrive Commercial Partners

    HighLights

    • 15,672 sq ft office building ideal for owner‑user or investor
    • Flexible configuration allows for single or multi‑tenant occupancy
    • Strategic location just east of downtown
    • Designated HUBZone location offering potential federal contracting advantages
    • Secure entrances and exits
    • Recently updated interior finishes

    Overview

    This well-maintained 15,672 square foot office building presents an opportunity for an owner-user or investor. The property is currently configured for two tenants, offering flexibility for partial occupancy with existing income or full owner use. Situated just east of downtown in a designated HUBZone, the location provides businesses with proximity to the city center and potential federal contracting advantages. The building is equipped with secure entrances and exits. Recently updated interior finishes contribute to a modern and professional environment.

    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 $235.1k $15.00
    − Vacancy −$29.4k −$1.88
    EGI $205.7k $13.13
    − OpEx −$51.4k −$3.28
    NOI $154.3k $9.84
    15,672 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.20M
    $1.93M – $2.57M (±1% cap)
    NOI $154,271 @ 7.0% cap · market cap 5.51%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $3.09M
    $2.71M – $3.61M (±1% cap)
    NOI $216,650 @ 7.0% cap · market cap 7.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Trumpet Behavioral Health, ... Medical Clinic Reliant Financial Services Medical Billing Service Credit Service Company ... Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.789
    Latitude
    38.8574

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    FAQs

    What type of property is this?
    Office building - 15,672 SF office building suitable for owner-user or investor.
    Where is this office building located?
    The property is located at 2150 Lelaray St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: 15,672 sq ft office building ideal for owner‑user or investor; Flexible configuration allows for single or multi‑tenant occupancy; Strategic location just east of downtown
    (719) 233-2318 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Annkelly Cameron
    Annkelly Cameron
    Real Estate License ID: CO-040041260
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