Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1287 Lake Plaza Dr Colorado Springs, CO 80906

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,750,000

    Three-story office building with income potential in Cheyenne Hills.

    Property size:
    16,170 SF
    Lot size:
    0.57 Acres

    Property Features for 1287 Lake Plaza Dr

    General Information

    Size
    16,170 SF
    Lot size
    0.57 Acres

    Source: SOCO Commercial Real Estate, LLC Agent Russell Stroud

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multi-Tenant Office Building For Sale

    This three-story multi-tenant office building features a garden level and first floor that are currently leased to tenants. The top floor is available for an owner or occupant. The property allows an owner to occupy a portion of the building while collecting rental income from the remaining space. It is strategically located in the thriving Cheyenne Hills area, offering high visibility along Lake Avenue. The building provides easy access to I-25 and is within walking distance of retail and restaurant options, with quick access to Broadmoor and downtown. The property contains a total of 16,170 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HiKoncept Image Branding Photographer Quality Accounting Service Accounting Firm Kim Clay Artistry Make-Up Artist Izaguirre Law Firm ... Immigration Attorney Elevate Hope Counseling ... Counselor

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -104.8044754
    Latitude
    38.7951893

    Nearby Similar for Sale

    • $1,499,800
      0.16 Acres

      Modern Duplexes in Colorado Springs

      Move-in ready duplexes with finished basements and mountain views.
      145 Terrace Dr, Colorado Springs, CO 80906
      View Details
    • New
      $2,599,000
      0.19 Acres

      Downtown Haven with Skyline View

      Spacious rooms, private bathrooms, and city skyline views.
      6 Boulder Crescent St, Colorado Springs, CO 80903
      View Details
    • $999,900
      0.16 Acres

      Modern Duplex Near UCCS

      Side-by-side units with 4 beds, 4 baths, 2-car garage.
      4266 Orchid St, Colorado Springs, CO 80917
      View Details
    • $540,000
      0.14 Acres

      Cozy Home with Modern ADU

      Charming home with a fully furnished, modern ADU.
      711 N Spruce St, Colorado Springs, CO 80905
      View Details
    • New
      $575,000
      0.22 Acres

      Colorado Springs Duplex Investment Opportunity

      Spacious duplex in desirable location with strong rental history.
      71 W Old Broadmoor Rd, Colorado Springs, CO 80906
      View Details
    • $775,000
      Pending

      Charming Remodeled Duplex Near Downtown

      Remodeled duplex in historic Old North End neighborhood.
      1401 N Tejon St, Colorado Springs, CO 80907
      View Details

    FAQs

    What type of property is this?
    Office building - Three-story office building with income potential in Cheyenne Hills.
    Where is this office building located?
    The property is located at 1287 Lake Plaza Dr Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: - Top floor available for owner/occupant; - Opportunity to collect rental income on leased garden level and first floor; - High visibility location along Lake Avenue
    (719) 238-8695
    Request Owner's contact information
    1287 Lake Plaza Dr Colorado Springs, CO 80906
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1287 Lake Plaza Dr
    Colorado Springs, CO 80906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1287 Lake Plaza Dr Colorado Springs, CO 80906
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.