Office Condo Space with Renovated Common
For Sale
Contact for pricing
1685 Briargate Blvd, Colorado Springs, CO 80920
Office condo space with recently renovated common areas, close to I-25, with excellent parking for staff and visitors.
Property Size1,744 SF
Price / SF$334.14
Days on Market781
Property Features for 1685 Briargate Blvd
General Information
Standard status
Active
Size
1,744 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
KCRE Advisors
(719) 229-8041
Listed By:
Greg Kaufman · License #FA.040021138
(719) 229-8041
Source:
Moodyscre
Added: Jun 12, 2024
Changed: Jul 29
Last Checked: Jul 31 at 1:34PM
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 KCRE Advisors
Investment Insights
Based on property information with market context.
Office condo space available at 1685 Briargate Blvd in Colorado Springs. The property comprises 1,744 square feet of office space, and features recently renovated common areas.
The location provides close proximity to I-25, supporting convenient access for employees and clients. The property also offers excellent parking, which can help streamline day-to-day operations.
This space is well suited for businesses seeking a compact office footprint within a dedicated condo setting, with upgraded shared areas and practical access to major roadway connectivity.
The location provides close proximity to I-25, supporting convenient access for employees and clients. The property also offers excellent parking, which can help streamline day-to-day operations.
This space is well suited for businesses seeking a compact office footprint within a dedicated condo setting, with upgraded shared areas and practical access to major roadway connectivity.
Key Highlights
- 1,744 SF office condo space
- Recently renovated common areas
- Close proximity to I‑25
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 | $26.4k | $15.12 |
| − Vacancy | −$3.3k | −$1.89 |
| EGI | $23.1k | $13.23 |
| − OpEx | −$5.8k | −$3.31 |
| NOI | $17.3k | $9.92 |
1,744 SF · lease $15.12/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.4K
NOI $17,305 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$398.2K
$348.5K – $464.6K
NOI $27,876 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Explore this area
Business Placement
Demographics for 80920, CO
39,540
Population
14,631
Households
2.7
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
12.4 sq mi
ZIP Area
3,189
Density / Sq Mi
$111,233
Median Household Income
$50,927
Median Earnings
$1,955
Median Rent
$484,900
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 units - Office condo space with recently renovated common areas, close to I-25, with excellent parking for staff and visitors.
Where is this office units located?
The property is located at 1685 Briargate Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $582,740.
What are key features of this property?
This property features: 1,744 SF office condo space; Recently renovated common areas; Close proximity to I‑25
