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    518-520 S Nevada Ave Colorado Springs, CO 80903

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    For Lease
    $14 SF/Yr ($1,100 /Mo)

    Charming office space in a walkable downtown location.

    Property size:
    943 SF
    Lot size:
    0.44 Acres

    Property Features for 518-520 S Nevada Ave

    General Information

    Size
    943 SF
    Lot size
    0.44 Acres

    Source: Olive Real Estate Partners, Inc. Agent Jeremy Shirley

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

    Overview

    Downtown Colorado Springs Office Space

    The property at 518-520 S Nevada Avenue features office space within a standalone building in Downtown Colorado Springs. The 943 square feet space includes a kitchen, shared restroom, and storage. The interior has been recently updated with new paint, flooring, and lights. A large private parking lot is available. The location is within walking distance to the El Paso County Courthouse, County Offices, and restaurants, with easy access to I-25 and Highway 24. The property is suitable for legal, counseling, salon, or boutique office users.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store 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
    -104.8218633
    Latitude
    38.8416735

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    FAQs

    What type of property is this?
    Office space - Charming office space in a walkable downtown location.
    Where is this office space located?
    The property is located at 518-520 S Nevada Ave Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Colorado Springs location, walkable to courthouse, county offices, and restaurants.; - Ample private parking, a significant advantage in the downtown area.; - Recently refreshed interior with new paint, flooring, and lights.
    (719) 244-5182
    Request Owner's contact information
    518-520 S Nevada Ave Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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    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
    518-520 S Nevada Ave Colorado Springs, CO 80903
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