Versatile Office/Medical Property For
1405 Potter Dr, Colorado Springs, CO 80909
Single-story office with medical conversion potential in central location.
Type:Office
Property size:
4,000 SFLot size:
0.39 AcresPrice / SF:
$137/SF- Added:
- Feb 13, 2026
- Days on Market:
- 144
- Last Refresh:
- Jul 2 at 7:51 am
Property Features for 1405 Potter Dr
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.39 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing office Pikes Peak Dream Homes Realty
Listing date Feb 13, 2026
Source Crexi
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 Pikes Peak Dream Homes Realty
HighLights
- Ideal for medical/healthcare conversion or general office use due to MX‑N zoning and existing layout
- Vacant and available for immediate occupancy, allowing for customized improvements
- Central location near Academy Blvd and Platte Ave provides convenient access to major traffic corridors and residential areas
- Suitable for owner‑users seeking long‑term occupancy control or investors pursuing repositioning
- Existing floor plan includes private offices, open work areas, and dedicated parking
- Located in an area with neighboring professional and healthcare services
Overview
This single-story property, situated on a 0.39-acre parcel, offers a functional and flexible 4,000 square foot layout suitable for general office use, with strong potential for medical or healthcare conversion. Zoned MX-N, the building supports a variety of professional, office, and medical uses. The existing floor plan includes private offices and open work areas. Dedicated parking is available. The property is currently vacant and available for immediate occupancy, allowing a new owner to tailor improvements to meet specific operational needs. Its central location near Academy Blvd and Platte Ave provides convenient access to surrounding residential neighborhoods and major traffic corridors. With neighboring professional and healthcare uses in the immediate area, this property presents an attractive opportunity for medical, dental, therapy, or professional service users seeking an affordable central footprint. It is well suited for owner-users seeking long-term occupancy control or investors pursuing repositioning opportunities.
Local Financial Insights For Healthcare Medical
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 | $81.6k | $20.40 |
| − Vacancy | −$6.5k | −$1.63 |
| EGI | $75.1k | $18.77 |
| − OpEx | −$30.0k | −$7.51 |
| NOI | $45.0k | $11.26 |
4,000 SF · lease $20.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$643.5K
$563.0K – $750.7K
NOI $45,043 @ 7.0% cap · market cap 8.19%
Second Best
Office B
$562.5K
$492.2K – $656.3K
NOI $39,375 @ 7.0% cap · market cap 7.16%
Theoretical Best
Specialty Retail
$789.9K
$691.2K – $921.6K
NOI $55,296 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Lifetouch National School ...
Photography Service
Micro Precision Calibration
Business To Business Service
Similar Places Nearby
- Hamlett Spay & Neuter Clinic — 3660 Citadel Dr N, Colorado Springs, CO 80909
- Total Care Mobile Veterinary Practice, LLC — 1304 N Academy Blvd #108, Colorado Springs, CO 80909
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.7520321
- Latitude
- 38.8530579
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Single-story office with medical conversion potential in central location.
Where is this medical office space located?
The property is located at 1405 Potter Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Ideal for medical/healthcare conversion or general office use due to MX‑N zoning and existing layout; Vacant and available for immediate occupancy, allowing for customized improvements; Central location near Academy Blvd and Platte Ave provides convenient access to major traffic corridors and residential areas
