Class B+ Office Building For
For Sale
Contact for pricing
7350 Campus Dr, Colorado Springs, CO
47,018 SF office building with I-25 visibility.
Property Size47,018 SF
Lot Size2.87 Acres
Price / SF$147.82
Days on Market563
Property Features for 7350 Campus Dr
General Information
Standard status
Active
Size
47,018 SF
Lot size
2.87 Acres
Property subtype
OFFICE
Listing Agency:
Thrive Commercial Partners
(719) 535-0500
Listed By:
Sam Cameron · License #CO-040041260
(719) 535-0500
Source:
Moodyscre
Added: Feb 4, 2025
Changed: Aug 8
Last Checked: Aug 21 at 1:57PM
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
Investment Insights
Based on property information with market context.
The property at 7350 Campus Drive is a 47,018-square-foot, three-story Class B+ office building. It is conveniently located just off I-25, providing access to both I-25 and Woodmen Road. The building offers I-25 signage visible to over 145,000 cars daily. The location is near restaurants and retail amenities. The building features a vaulted, spacious entryway on the east side. Each floor is laid out with a mix of private offices, conference rooms, and large open areas. Expansive windows throughout the building provide natural light and panoramic views of the Front Range and Pikes Peak on the west side. The property includes a natural gas-powered backup generator for essential systems and high-speed fiber connectivity provided by Comcast, Zayo, and Lumen. Recent upgrades include a new roof installed in 2022 and a cooling tower replacement in 2023. Ample parking is available for tenants and visitors.
Key Highlights
- Prominent I‑25 signage with visibility to over 145,000 cars daily.
- Convenient access to I‑25 and Woodmen Road.
- Recent upgrades including a new roof (2022) and cooling tower replacement (2023).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$462,833
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,256,660
$9.3M
Cap Rate 7%
$6,611,900
$6.6M
Cap Rate 9%
$5,142,589
$5.1M
Market Conditions
NOI Build-Up for 47,018 SF
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.
Gross rent
$705.3K $15.00/SF
− Vacancy
−$88.2K −$1.88/SF
EGI
$617.1K $13.13/SF
− OpEx
−$154.3K −$3.28/SF
NOI
$462.8K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,256,660
Cap Rate 7%
$6,611,900
Cap Rate 9%
$5,142,589
Alternative Uses
Best Use
Office B
$6.61M
$5.79M – $7.71M
NOI $462,833 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.29M
$8.12M – $10.83M
NOI $649,977 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,034
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 47,018 SF office building with I-25 visibility.
Where is this office building located?
The property is located at 7350 Campus Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Prominent I‑25 signage with visibility to over 145,000 cars daily.; Convenient access to I‑25 and Woodmen Road.; Recent upgrades including a new roof (2022) and cooling tower replacement (2023).
