Owner-User Office
For Sale
Contact for pricing
5110 Edison Ave, Colorado Springs, CO 80915
Well-finished office building with 112 parking spaces and partial in-place tenancy.
Property Size40,000 SF
Lot Size1.00 Acre
Price / SF$169.98
Days on Market597
Property Features for 5110 Edison Ave
General Information
Standard status
Active
Size
40,000 SF
Total Parking Spaces
112
Lot size
1.00 Acre
Property subtype
LAND
Building Details
Tenancy
Multi
Listing Agency:
Thrive Commercial Partners
(719) 535-0500
Listed By:
Helen Cameron · License #CO-040041260
(719) 535-0500
Source:
Moodyscre
Added: Dec 11, 2024
Changed: Jul 25
Last Checked: Jul 31 at 12:17PM
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 beautifully finished, high-class office building is offered for sale as an owner-user or investment opportunity. The property is currently owned and occupied in part by Farm Credit of Southern Colorado, with Sev1Tech occupying 10,000 square feet as a DOD tenant.
The building provides 112 total parking spaces, supporting day-to-day access for employees, visitors, and customers. The property is located at 5110 Edison Ave in Colorado Springs, CO.
With existing occupancy already in place, the asset presents a practical option for a buyer seeking stability through current tenants while planning for additional lease-up.
The building provides 112 total parking spaces, supporting day-to-day access for employees, visitors, and customers. The property is located at 5110 Edison Ave in Colorado Springs, CO.
With existing occupancy already in place, the asset presents a practical option for a buyer seeking stability through current tenants while planning for additional lease-up.
Key Highlights
- 40,000 SF office building partially occupied by Farm Credit of Southern Colorado and tenant Sev1Tech
- 10,000 SF occupied by Sev1Tech (in‑place tenant space)
- Owner‑occupied in part, offering in‑place stability for an owner‑user or investor
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 | $600.0k | $15.00 |
| − Vacancy | −$75.0k | −$1.88 |
| EGI | $525.0k | $13.13 |
| − OpEx | −$131.3k | −$3.28 |
| NOI | $393.8k | $9.84 |
40,000 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.62M
$4.92M – $6.56M
NOI $393,750 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.90M
$6.91M – $9.22M
NOI $552,960 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Well-finished office building with 112 parking spaces and partial in-place tenancy.
Where is this office building located?
The property is located at 5110 Edison Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $6,799,000.
What are key features of this property?
This property features: 40,000 SF office building partially occupied by Farm Credit of Southern Colorado and tenant Sev1Tech; 10,000 SF occupied by Sev1Tech (in‑place tenant space); Owner‑occupied in part, offering in‑place stability for an owner‑user or investor
