Office Condo Space with Renovated Common
For Sale
Contact for pricing
1685 Briargate Blvd, Colorado Springs, CO 80920
Office condo space with recently renovated common areas, close to I-25, with excellent parking for staff and visitors.
Property Size1,744 SF
Price / SF$334.14
Days on Market871
Property Features for 1685 Briargate Blvd
General Information
Standard status
Active
Size
1,744 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Falcon Estates
Highway Access
Yes
Listing Agency:
KCRE Advisors
(719) 309-3900
Listed By:
Greg Kaufman · License #FA.040021138
(719) 229-8041
Source:
Moodyscre
Added: Jun 12, 2024
Changed: Oct 26
Last Checked: Oct 28 at 12:05PM
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 KCRE Advisors
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Investment Insights
Based on property information with market context.
Office condo space available at 1685 Briargate Blvd in Colorado Springs. The property comprises 1,744 square feet of office space, and features recently renovated common areas.
The location provides close proximity to I-25, supporting convenient access for employees and clients. The property also offers excellent parking, which can help streamline day-to-day operations.
This space is well suited for businesses seeking a compact office footprint within a dedicated condo setting, with upgraded shared areas and practical access to major roadway connectivity.
The location provides close proximity to I-25, supporting convenient access for employees and clients. The property also offers excellent parking, which can help streamline day-to-day operations.
This space is well suited for businesses seeking a compact office footprint within a dedicated condo setting, with upgraded shared areas and practical access to major roadway connectivity.
Key Highlights
- 1,744 SF office condo space
- Recently renovated common areas
- Close proximity to I‑25
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,305
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,100
$346.1K
Cap Rate 7%
$247,214
$247.2K
Cap Rate 9%
$192,278
$192.3K
Market Conditions
NOI Build-Up for 1,744 SF
Gross rent
$26.4K $15.12/SF
− Vacancy
−$3.3K −$1.89/SF
EGI
$23.1K $13.23/SF
− OpEx
−$5.8K −$3.31/SF
NOI
$17.3K $9.92/SF
Area
ZIP 80920
Vacancy
12.50%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,100
Cap Rate 7%
$247,214
Cap Rate 9%
$192,278
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,305 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$398.2K
$348.5K – $464.6K
NOI $27,876 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 80920, CO
39,540
Population
14,631
Households
2.7
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
3,189
Density / Sq Mi
$111,233
Median Household Income
$50,927
Median Earnings
$1,955
Median Rent
$484,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office unit - Office condo space with recently renovated common areas, close to I-25, with excellent parking for staff and visitors.
Where is this office unit located?
The property is located at 1685 Briargate Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $582,740.
What are key features of this property?
This property features: 1,744 SF office condo space; Recently renovated common areas; Close proximity to I‑25
