Medical Office
For Sale
Contact for pricing
715 N Weber St, Colorado Springs, CO 80903
Medical office building with a JCAHO-approved operating room, multiple exam rooms, and dedicated parking access.
Property Size7,000 SF
Price / SF$225
Days on Market1354
Property Features for 715 N Weber St
General Information
Standard status
Active
Size
7,000 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Thrive Commercial Partners
(719) 535-0500
Listed By:
Sam Cameron · License #CO-040041260
(719) 535-0500
Source:
Moodyscre
Added: Nov 16, 2022
Changed: Jul 22
Last Checked: Jul 22 at 11:31PM
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.
This medical office building offers a large lobby and reception area, a break room, four exam rooms, and storage rooms. The property also includes a JCAHO-approved operating room, with the interior described as well-maintained.
The building is located on the northside of downtown Colorado Springs, with close access to the heart of downtown and I-25. A parking lot is available off a back alleyway.
The building is currently occupied by Optum and is expected to be vacant at the end of May. Owner financing is available.
The building is located on the northside of downtown Colorado Springs, with close access to the heart of downtown and I-25. A parking lot is available off a back alleyway.
The building is currently occupied by Optum and is expected to be vacant at the end of May. Owner financing is available.
Key Highlights
- Medical/office building on the northside of downtown Colorado Springs
- Includes large lobby, reception area, break room, and storage rooms
- Features four exam rooms
Financial Insights For Healthcare Medical
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 | $142.8k | $20.40 |
| − Vacancy | −$11.4k | −$1.63 |
| EGI | $131.4k | $18.77 |
| − OpEx | −$52.6k | −$7.51 |
| NOI | $78.8k | $11.26 |
7,000 SF · lease $20.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.13M
$985.3K – $1.31M
NOI $78,826 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$984.4K
$861.3K – $1.15M
NOI $68,906 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,768 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with a JCAHO-approved operating room, multiple exam rooms, and dedicated parking access.
Where is this medical office space located?
The property is located at 715 N Weber St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Medical/office building on the northside of downtown Colorado Springs; Includes large lobby, reception area, break room, and storage rooms; Features four exam rooms
