1287 Lake Plaza Dr, Colorado Springs, CO
Three-story office building with income potential in Cheyenne Hills.
- Added:
- Apr 29, 2025
- Days on Market:
- 414
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 1287 Lake Plaza Dr
General Information
- Standard status
- Active
- Size
- 16,170 SF
- Lot size
- 0.57 Acres
- Property subtype
- OFFICE
Listing agent Russell Stroud License #FA40033398 (719) 238-8695
Listing office SOCO Commercial Real Estate, LLC (719) 238-8695
Listing date Apr 29, 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 SOCO Commercial Real Estate, LLC
HighLights
- Top floor available for owner/occupant
- Opportunity to collect rental income on leased garden level and first floor
- High visibility location along Lake Avenue
- Easy access to I‑25
- Walking distance to retail and restaurants
- Strategically located in the thriving Cheyenne Hills area
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 | $242.6k | $15.00 |
| − Vacancy | −$30.3k | −$1.88 |
| EGI | $212.2k | $13.13 |
| − OpEx | −$53.1k | −$3.28 |
| NOI | $159.2k | $9.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.804
- Latitude
- 38.7952
