Office Building for
For Sale
Contact for pricing
1605 N Union Blvd, Colorado Springs, CO 80909
For sale office property totaling 14,274 square feet, listed at Contact broker for more information.
Property Size14,274 SF
Price / SF$164.64
Days on Market842
Property Features for 1605 N Union Blvd
General Information
Standard status
Active
Size
14,274 SF
Property subtype
OFFICE
Listing Agency:
BHHS - Synergy Realty Group | Colorado Springs
(719) 660-5223
Listed By:
Charles D’Alessio
(719) 660-5223
Source:
Moodyscre
Added: Apr 12, 2024
Changed: Jul 28
Last Checked: Jul 28 at 3:00AM
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 BHHS - Synergy Realty Group | Colorado Springs
Investment Insights
Based on property information with market context.
This for-sale office property is presented as an office building with a total size of 14,274 square feet. The offering is marketed with guidance to contact the broker for more information.
The property is located at 1605 N Union Blvd in Colorado Springs, Colorado, 80909.
Additional details regarding the building’s interior configuration, condition, or available office spaces are not provided in the available information, so prospective buyers are encouraged to contact the broker for further specifics.
The property is located at 1605 N Union Blvd in Colorado Springs, Colorado, 80909.
Additional details regarding the building’s interior configuration, condition, or available office spaces are not provided in the available information, so prospective buyers are encouraged to contact the broker for further specifics.
Key Highlights
- For sale office property totaling 14,274 SF
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 | $214.1k | $15.00 |
| − Vacancy | −$26.8k | −$1.88 |
| EGI | $187.3k | $13.13 |
| − OpEx | −$46.8k | −$3.28 |
| NOI | $140.5k | $9.84 |
14,274 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.01M
$1.76M – $2.34M
NOI $140,510 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,324 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
508
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
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - For sale office property totaling 14,274 square feet, listed at Contact broker for more information.
Where is this office building located?
The property is located at 1605 N Union Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: For sale office property totaling 14,274 SF
