Office Building on Union
1445 N Union Blvd, Colorado Springs, CO 80909
7,113 SF office building on 0.47-acre lot.
Type:Office
Property size:
7,113 SFPrice / SF:
$168/SF- Added:
- Sep 25, 2025
- Days on Market:
- 251
- Last Refresh:
- May 9 at 3:50 am
Property Features for 1445 N Union Blvd
General Information
- Standard status
- Active
- Size
- 7,113 SF
- Property subtype
- Office
Building Details
- Year Built
- 1985
Listing agent Rob Rolley License #FA40047227
Listing office RE/MAX (719) 570-9000
Listing date Sep 25, 2025
Source Remaxcommercial
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
HighLights
- Excellent Owner / User or Investment Building with a 6.73% CAP Rate (2024)
- ZONING: OR (Office / Residential) appropriate for a variety of uses.
- Central location with easy access to downtown (7 minutes).
- 7,113 SF Building on a 20,470 SF (0.47 Acre) Lot.
- 3.9 Parking spaces per 1,000 SF.
- Located on N Union Blvd and Palmer Park Blvd.
Overview
Located on N Union Blvd and Palmer Park Blvd, this 7,113 square foot building is situated on a 20,470 square foot (0.47 acre) lot. The zoning is OR (Office / Residential), suitable for a variety of uses. It features 3.9 parking spaces per 1,000 square feet. The property's central location provides easy access to downtown, approximately 7 minutes away. It is an excellent building for an owner/user or as an investment property.
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 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.40M
$1.23M – $1.64M
NOI $98,330 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
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
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.794
- Latitude
- 38.8535
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 7,113 SF office building on 0.47-acre lot.
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 $1,200,000.
What are key features of this property?
This property features: Excellent Owner / User or Investment Building with a 6.73% CAP Rate (2024); ZONING: OR (Office / Residential) appropriate for a variety of uses.; Central location with easy access to downtown (7 minutes).
