Secure-Entry Office
For Sale
Contact for pricing
2150 Lelaray St, Colorado Springs, CO 80909
Well-maintained office building with secure entrances, recently updated interiors, and a current two-tenant configuration.
Property Size15,672 SF
Price / SF$178.66
Days on Market439
Property Features for 2150 Lelaray St
General Information
Standard status
Active
Size
15,672 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Amenities
secure entrances and exits
Building Details
Tenancy
Multi
Listing Agency:
Thrive Commercial Partners
(719) 233-2318
Listed By:
Annkelly Cameron · License #CO-040041260
(719) 233-2318
Source:
Moodyscre
Added: May 19, 2025
Changed: Jul 28
Last Checked: Jul 31 at 5:36AM
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 well-maintained 15,672 square foot office building offers a flexible setup for an owner-user or investor. The property is currently configured for two tenants, supporting potential partial occupancy with income in place or use as a full owner-occupied office building.
Located at 2150 Lelaray St in Colorado Springs, just east of downtown, the property sits in a designated HUBZone. The building includes secure entrances and exits, and it features recently updated interior finishes intended to present a modern, professional image.
Located at 2150 Lelaray St in Colorado Springs, just east of downtown, the property sits in a designated HUBZone. The building includes secure entrances and exits, and it features recently updated interior finishes intended to present a modern, professional image.
Key Highlights
- Well‑maintained 15,672 SF office building configured for two tenants
- Flexible layout for partial occupancy with income in place or full owner use
- Secure entrances and exits
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 | $235.1k | $15.00 |
| − Vacancy | −$29.4k | −$1.88 |
| EGI | $205.7k | $13.13 |
| − OpEx | −$51.4k | −$3.28 |
| NOI | $154.3k | $9.84 |
15,672 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,271 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.09M
$2.71M – $3.61M
NOI $216,650 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with secure entrances, recently updated interiors, and a current two-tenant configuration.
Where is this office building located?
The property is located at 2150 Lelaray St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Well‑maintained 15,672 SF office building configured for two tenants; Flexible layout for partial occupancy with income in place or full owner use; Secure entrances and exits
