Two-Story Office
For Sale
Contact for pricing
1879 Austin Bluffs Pkwy, Colorado Springs, CO 80907
Two-story office building with private offices, open work areas, restrooms on each level, and surface parking.
Property Size3,548 SF
Price / SF$162.06
Days on Market31
Property Features for 1879 Austin Bluffs Pkwy
General Information
Standard status
Active
Size
3,548 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 659-1095
Listed By:
Alex Dumas · License #FA.040034163
(719) 659-1095
Source:
Moodyscre
Added: Jul 24
Changed: Jul 25
Last Checked: Aug 22 at 12:54PM
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 Olive Real Estate Partners, Inc.
Investment Insights
Based on property information with market context.
1879 Austin Bluffs Parkway is a two-story office building offering a flexible layout designed for a range of office needs. The space includes private offices and open work areas, with restrooms on each level, supporting everyday operational convenience.
The property is positioned directly along Austin Bluffs Pkwy near Union Blvd, with stated convenient access to I-25 via Austin Bluffs Pkwy/Garden of the Gods Rd. It is also described as directly across from the UCCS campus, providing a prominent, easily located office setting.
Available for sale or lease, the building includes surface parking to serve visitors and staff.
The property is positioned directly along Austin Bluffs Pkwy near Union Blvd, with stated convenient access to I-25 via Austin Bluffs Pkwy/Garden of the Gods Rd. It is also described as directly across from the UCCS campus, providing a prominent, easily located office setting.
Available for sale or lease, the building includes surface parking to serve visitors and staff.
Key Highlights
- 2‑story office building totaling 3,548 SF with a flexible layout for private offices and open work areas
- Restrooms on each level for added convenience throughout the building
- Surface parking available on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,926
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,520
$698.5K
Cap Rate 7%
$498,943
$498.9K
Cap Rate 9%
$388,067
$388.1K
Market Conditions
NOI Build-Up for 3,548 SF
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.
Gross rent
$53.2K $15.00/SF
− Vacancy
−$6.7K −$1.88/SF
EGI
$46.6K $13.13/SF
− OpEx
−$11.6K −$3.28/SF
NOI
$34.9K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$698,520
Cap Rate 7%
$498,943
Cap Rate 9%
$388,067
Alternative Uses
Best Use
Office B
$498.9K
$436.6K – $582.1K
NOI $34,926 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$700.7K
$613.1K – $817.5K
NOI $49,048 @ 7.0% cap · market cap 8.53%
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
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
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 - Two-story office building with private offices, open work areas, restrooms on each level, and surface parking.
Where is this office building located?
The property is located at 1879 Austin Bluffs Pkwy Colorado Springs, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2‑story office building totaling 3,548 SF with a flexible layout for private offices and open work areas; Restrooms on each level for added convenience throughout the building; Surface parking available on‑site
