Multi-Tenant Office
For Sale
Contact for pricing
5110 Edison Ave, Colorado Springs, CO 80915
For sale office building in Colorado Springs with 112 parking spaces and partial occupancy by Farm Credit and Sev1Tech.
Property Size42,484 SF
Price / SF$152.98
Days on Market883
Property Features for 5110 Edison Ave
General Information
Standard status
Active
Size
42,484 SF
Total Parking Spaces
112
Property subtype
OFFICE
Listing Agency:
Thrive Commercial Partners
(719) 535-0500
Listed By:
Helen Cameron · License #CO-040041260
(719) 535-0500
Source:
Moodyscre
Added: Feb 29, 2024
Changed: Jul 26
Last Checked: Jul 31 at 12:03PM
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 for-sale office building is attractively finished and currently owned and occupied in part. The property contains approximately 42,484 square feet and includes space occupied by Farm Credit of Southern Colorado, along with an additional 10,000 square feet leased to Sev1Tech.
The building offers 112 total parking spaces, supporting on-site access for employees and visitors. The property is located at 5110 Edison Ave in Colorado Springs, Colorado.
With multiple occupied segments already in place, the building is structured for an owner-user or an investor seeking income while pursuing additional leasing opportunities.
The building offers 112 total parking spaces, supporting on-site access for employees and visitors. The property is located at 5110 Edison Ave in Colorado Springs, Colorado.
With multiple occupied segments already in place, the building is structured for an owner-user or an investor seeking income while pursuing additional leasing opportunities.
Key Highlights
- 40,000 SF office building in Colorado Springs with partial occupancy by Farm Credit of Southern Colorado and Sev1Tech
- 10,000 SF occupied by DOD tenant Sev1Tech
- Currently owned and occupied (in part), offering in‑place tenant income
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 | $637.3k | $15.00 |
| − Vacancy | −$79.7k | −$1.88 |
| EGI | $557.6k | $13.13 |
| − OpEx | −$139.4k | −$3.28 |
| NOI | $418.2k | $9.84 |
42,484 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.97M
$5.23M – $6.97M
NOI $418,202 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.39M
$7.34M – $9.79M
NOI $587,299 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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 - For sale office building in Colorado Springs with 112 parking spaces and partial occupancy by Farm Credit and Sev1Tech.
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 $6,499,000.
What are key features of this property?
This property features: 40,000 SF office building in Colorado Springs with partial occupancy by Farm Credit of Southern Colorado and Sev1Tech; 10,000 SF occupied by DOD tenant Sev1Tech; Currently owned and occupied (in part), offering in‑place tenant income
