Class B Office
For Sale
Contact for pricing
2270 La Montana Way, Colorado Springs, CO 80918
21,030 SF Class B office building fully leased to two tenants with long-term lease commitments.
Property Size21,030 SF
Price / SF$207.81
Days on Market29
Property Features for 2270 La Montana Way
General Information
Standard status
Active
Size
21,030 SF
Class
B
Property subtype
OFFICE
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 244-5182
Listed By:
Jeremy Shirley · License #Co FA.100067771
(719) 244-5182
Source:
Moodyscre
Added: Jul 25
Changed: Aug 19
Last Checked: Aug 21 at 6:31AM
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.
2270 La Montana Way is a 21,030 SF Class B office asset that is fully leased to two tenants. The property is positioned for stabilized operations, with long-term lease commitments running through 2029 and 2035. The building is described as well maintained and has had recent capital improvements.
The property is located at 2270 La Montana Way in Colorado Springs, CO 80918, and the remarks note ample parking. Additional details on unit mix, tenant spaces, and the specific scope of improvements are not provided.
This offering presents an income-producing office building with current occupancy and no reported lease-up risk based on the provided information.
The property is located at 2270 La Montana Way in Colorado Springs, CO 80918, and the remarks note ample parking. Additional details on unit mix, tenant spaces, and the specific scope of improvements are not provided.
This offering presents an income-producing office building with current occupancy and no reported lease-up risk based on the provided information.
Key Highlights
- 21,030 SF Class B office building fully leased to two tenants
- Long‑term lease commitments through 2029 and 2035
- NOI of $327,770 for 2026
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
$310,342
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
7.10%
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%
$6,206,840
$6.2M
Cap Rate 7%
$4,433,457
$4.4M
Cap Rate 9%
$3,448,244
$3.4M
Market Conditions
NOI Build-Up for 21,030 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
$461.8K $21.96/SF
− Vacancy
−$48.0K −$2.28/SF
EGI
$413.8K $19.68/SF
− OpEx
−$103.4K −$4.92/SF
NOI
$310.3K $14.76/SF
Area
ZIP 80918
Vacancy
10.40%
Lease Rate
$21.96 /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%
$6,206,840
Cap Rate 7%
$4,433,457
Cap Rate 9%
$3,448,244
Alternative Uses
Best Use
Office B
$4.43M
$3.88M – $5.17M
NOI $310,342 @ 7.0% cap · market cap 7.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.38M
$4.70M – $6.27M
NOI $376,255 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
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 - 21,030 SF Class B office building fully leased to two tenants with long-term lease commitments.
Where is this office building located?
The property is located at 2270 La Montana Way Colorado Springs, CO.
What is the asking price?
The asking price for this property is $4,370,275.
What are key features of this property?
This property features: 21,030 SF Class B office building fully leased to two tenants; Long‑term lease commitments through 2029 and 2035; NOI of $327,770 for 2026
