Class C Medical Office
New
For Sale
$1,950,000
1304 N Academy Blvd, Colorado Springs, CO 80909
An occupied medical office property with established tenancy and a 1965 construction date.
Property Size17,361 SF
Price / SF$112.32
Days on Market2
Property Features for 1304 N Academy Blvd
General Information
Standard status
Active
Size
17,361 SF
Class
C
Property subtype
Office Medical
Occupancy
100%
Additional Details
Cap Rate
7.02%
Amenities
- 100% Occupied with Short-Term Leases, and Below Market Rents. - Long-Term Tenants Demonstrate Desirability of The Building and Location.
- Mid-Century Modern Design and Feel. - 22,664 Gross Square Feet per El Paso County. - Built in 1965.
- Two Parcels Included in Sale, 1.44 Total Acres. - 61 Parking Spaces / 2.77/1,000 Ratio – Does not include additional Parcel. - Located on The Signalized Intersection of North Academy Blvd & East San
Building Details
Building Size
22,664 SF
Year Built
1965
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Denver
(303) 328-2056
Listed By:
Chadd Nelson · License #License(s): CO: FA.100073491
(303) 328-2056
Source:
Marcusmillichap
Added: Aug 1
Changed: Aug 2
Last Checked: Aug 2 at 3:13AM
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 Marcus & Millichap - Denver
Investment Insights
Based on property information with market context.
This Class C medical office property is located at 1304 N Academy Blvd in Colorado Springs. The building is 100% occupied and was constructed in 1965, offering an established operating profile for medical office ownership or occupancy.
Key Highlights
- 100% occupied medical office property
- Class C medical office building
- Constructed in 1965
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 | $260.4k | $15.00 |
| − Vacancy | −$32.6k | −$1.88 |
| EGI | $227.9k | $13.13 |
| − OpEx | −$57.0k | −$3.28 |
| NOI | $170.9k | $9.84 |
17,361 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$2.79M
$2.44M – $3.26M
NOI $195,499 @ 7.0% cap · market cap 10.03%
Second Best
Office B
$2.44M
$2.14M – $2.85M
NOI $170,897 @ 7.0% cap · market cap 8.76%
Theoretical Best
Specialty Retail
$3.43M
$3.00M – $4.00M
NOI $239,998 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,099
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
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.
Similar Off Market Nearby
- Hamlett Spay & Neuter Clinic — 3660 Citadel Dr N, Colorado Springs, CO 80909
- Banfield Pet Hospital — 571 N Academy Blvd, Colorado Springs, CO 80909
- Total Care Mobile Veterinary Practice, LLC — 1304 N Academy Blvd #108, Colorado Springs, CO 80909
Frequently Asked Questions
What type of property is this?
Medical Office Space - An occupied medical office property with established tenancy and a 1965 construction date.
Where is this medical office space located?
The property is located at 1304 N Academy Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 100% occupied medical office property; Class C medical office building; Constructed in 1965
