Office Building on Union
For Sale
$1,200,000
1445 N Union Blvd Colorado, Colorado Springs, CO 80909
7,113 SF office building on 0.47-acre lot.
Property Size7,113 SF
Price / SF$168.71
Days on Market389
Property Features for 1445 N Union Blvd Colorado
General Information
Standard status
Active
Size
7,113 SF
Class
B
Property subtype
Office
Zoning
OR
Building Details
Building Size
7,113 SF
Year Built
1985
Listing Agency:
RE/MAX
Listed By:
Rob Rolley · License #FA40047227
(719) 570-9000
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 3
Last Checked: Oct 16 at 5:41AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,019
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,380
$1.4M
Cap Rate 7%
$1,000,271
$1.0M
Cap Rate 9%
$777,989
$778.0K
Market Conditions
NOI Build-Up for 7,113 SF
Gross rent
$106.7K $15.00/SF
− Vacancy
−$13.3K −$1.88/SF
EGI
$93.4K $13.13/SF
− OpEx
−$23.3K −$3.28/SF
NOI
$70.0K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,380
Cap Rate 7%
$1,000,271
Cap Rate 9%
$777,989
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
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 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).
