Colorado Springs Investment
3210 North Academy Boulevard Colorado Springs, CO 80917
For Sale
$895,000
Fully leased commercial property with investment flexibility in Colorado Springs.
Property Size5,932 SF
Price / SF$150.88
Days on Market143
Property Features for 3210 North Academy Boulevard
General Information
Standard status
Active
Size
5,932 SF
Property subtype
Office
Building Details
Year Built
1982
Listing Agency:
(719) 200-2735
Listed By:
Tim Agee
Source:
Miramontcre
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 27 at 6:43AM
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 Tim Agee
Investment Insights
Based on property information with market context.
Located at 3210 North Academy Boulevard, Colorado Springs, CO, 80917, this 5,932 SF commercial property presents a prime investment opportunity. Constructed in 1982 and zoned MX-M, the building is demised into 4 separately deeded condo units, offering long-term investment flexibility. The property features abundant parking, prominent monument signage off Parkmoor Village Drive, and a storage basement. Recent building improvements have been completed. The property is fully leased with a solid tenant in place. Positioned in a highly populated community within a robust medical submarket, its central location provides easy accessibility throughout the city. This property is an ideal choice for investors seeking to capitalize on the area's establishment.
Key Highlights
- Fully leased investment property in a robust medical submarket.
- Building demised into 4 separately deeded condo units, offering long‑term investment flexibility.
- Prime central location with easy accessibility throughout Colorado Springs.
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 | $89.0k | $15.00 |
| − Vacancy | −$11.1k | −$1.88 |
| EGI | $77.9k | $13.13 |
| − OpEx | −$19.5k | −$3.28 |
| NOI | $58.4k | $9.84 |
5,932 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$834.2K
$729.9K – $973.2K
NOI $58,393 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,004 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Fully leased commercial property with investment flexibility in Colorado Springs.
Where is this office units located?
The property is located at 3210 North Academy Boulevard Colorado Springs, CO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully leased investment property in a robust medical submarket.; Building demised into 4 separately deeded condo units, offering long‑term investment flexibility.; Prime central location with easy accessibility throughout Colorado Springs.
