Colorado Springs Apartment Building
1320 Potter Dr Colorado Springs, CO 80909
1320 Potter Dr, Colorado Springs, CO, 80909
$10,007,000
For Sale
$10,007,000
Apartment building with 82 one-bedroom and 1 two-bedroom units.
Property Size45,853 SF
Price / SF$218.24
Days on Market242
Property Features for 1320 Potter Dr
General Information
- Standard status
- Active
- Size
- 45,853 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1971
Listing Agency
PINNACLE REAL ESTATE ADVISORS
(714) 330-1436
Listed by
Andy Monette · License #100068216
(714) 330-1436
Source
Pinnaclerea
Added: Nov 21, 2025 Updated: Jul 6 at 8:38 am Checked: Jul 17 at 6:14 am
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 PINNACLE REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
This apartment building, part of a two-property portfolio, is located in Colorado Springs within the Knob Hill submarket. The property comprises 82 one-bedroom units and 1 two-bedroom unit, totaling 45,853 square feet.
Key Highlights
- Portfolio Opportunity: Part of a 2‑property portfolio.
- High Concentration of 1‑Bedroom Units (82) along with 1 2‑bedroom unit.
- Situated in Colorado Springs.
Local Financial Insights For Apartment 5plus
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 | $1.07M | $23.28 |
| − Vacancy | −$55.5k | −$1.21 |
| EGI | $1.01M | $22.07 |
| − OpEx | −$455.4k | −$9.93 |
| NOI | $556.6k | $12.14 |
45,853 SF · lease $23.28/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$7.95M
$6.96M – $9.28M
NOI $556,573 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.06M
$7.92M – $10.56M
NOI $633,872 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Casa Del Rey ...
Apartment Building
Thirteen20 Potter
Apartment Building
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FAQs
What type of property is this?
Apartment building - Apartment building with 82 one-bedroom and 1 two-bedroom units.
Where is this apartment building located?
The property is located at 1320 Potter Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $10,007,000.
What are key features of this property?
This property features: Portfolio Opportunity: Part of a 2‑property portfolio.; **High Concentration of 1‑Bedroom Units (82)** along with 1 2‑bedroom unit.; Situated in Colorado Springs.
