Two-Tenant NNN Office
1445 N Union Blvd Colorado Springs, CO 80909
1445 N Union Blvd, Colorado Springs, CO, 80909
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For Sale
Contact for pricing
Fully leased, two-tenant professional office building offered on NNN terms for predictable income and limited landlord responsibilities.
Property Size7,113 SF
Price / SF$174.33
Days on Market172
Property Features for 1445 N Union Blvd
General Information
- Standard status
- Active
- Size
- 7,113 SF
- Property subtype
- OFFICE
Listing agency
RE/MAX - Properties, Inc. | Colorado Springs
(719) 235-7499
Listed by
Rob Rolley · License #FA40047227
(719) 235-7499
Source
Moodyscre
Added: Feb 1 Updated: Jul 22 at 10:43PM Checked: Jul 22 at 10:43PM
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 RE/MAX - Properties, Inc. | Colorado Springs
Investment Insights
Based on property information with market context.
This is a fully leased, two-tenant professional office building totaling 7,113 square feet, offered under NNN structures. The property is positioned to provide stable cash flow with limited landlord responsibilities, supported by its current leased configuration.
The building is located at a signalized intersection on N Union Blvd and Palmer Park Blvd, with stated exposure of over 31,000 vehicles per day. Its visibility at this central corridor supports tenant retention and long-term income stability.
The offering is presented as a high-yield investment and is available for sale for private investors or 1031 exchange buyers.
The building is located at a signalized intersection on N Union Blvd and Palmer Park Blvd, with stated exposure of over 31,000 vehicles per day. Its visibility at this central corridor supports tenant retention and long-term income stability.
The offering is presented as a high-yield investment and is available for sale for private investors or 1031 exchange buyers.
Key Highlights
- 7,113 SF two‑tenant professional office building is fully leased.
- Leased under NNN structures for predictable income and limited landlord responsibilities.
- Offered with an 8.2% cap rate.
Local 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 | $106.7k | $15.00 |
| − Vacancy | −$13.3k | −$1.88 |
| EGI | $93.4k | $13.13 |
| − OpEx | −$23.3k | −$3.28 |
| NOI | $70.0k | $9.84 |
7,113 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.00M
$875.2K – $1.17M
NOI $70,019 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,330 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Empowering Financial Freedom
Financial Advisor
Avanza Training
Vocational School
Phases Business Management, ...
Tax Preparation
Apex Accounting & Tax ...
Tax Preparation
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FAQs
What type of property is this?
Office building - Fully leased, two-tenant professional office building offered on NNN terms for predictable income and limited landlord responsibilities.
Where is this office building located?
The property is located at 1445 N Union Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,240,000.
What are key features of this property?
This property features: 7,113 SF two‑tenant professional office building is fully leased.; Leased under NNN structures for predictable income and limited landlord responsibilities.; Offered with an 8.2% cap rate.
