Office Condo in Creekside
For Sale
Contact for pricing
1720 Jet Stream Dr, Colorado Springs, CO
Office condo for sale with common area and elevator.
Property Size8,542 SF
Lot Size0.24 Acres
Price / SF$269.14
Days on Market304
Property Features for 1720 Jet Stream Dr
General Information
Standard status
Active
Size
8,542 SF
Lot size
0.24 Acres
Property subtype
OFFICE
Listing Agency:
David Commercial Real Estate/KW Premier Realty
(719) 425-7139
Listed By:
Caleb David (he/him/his)
(719) 425-7139
Source:
Moodyscre
Added: Oct 1, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:12AM
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 David Commercial Real Estate/KW Premier Realty
Investment Insights
Based on property information with market context.
Located in Creekside Office Park, 1720 Jet Stream Dr, Suite 200 is an office condo available for purchase. The property consists of approximately 10,376 square feet, with the buyer acquiring ownership of 8,342 square feet and having access to 1,834 square feet of common area. The common area includes in-suite men's and women's restrooms. The space is divisible to approximately 5,200 square feet and is serviced by an elevator.
Key Highlights
- Approximately 8,342 SF ownership interest with use of 1,834 SF common area.
- Located in Creekside Office Park.
- Divisible to approximately 5,200 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 | $128.1k | $15.00 |
| − Vacancy | −$16.0k | −$1.88 |
| EGI | $112.1k | $13.13 |
| − OpEx | −$28.0k | −$3.28 |
| NOI | $84.1k | $9.84 |
8,542 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $84,085 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,085 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
Explore this area
Business Placement
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 for sale with common area and elevator.
Where is this office units located?
The property is located at 1720 Jet Stream Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,299,000.
What are key features of this property?
This property features: Approximately 8,342 SF ownership interest with use of 1,834 SF common area.; Located in Creekside Office Park.; Divisible to approximately 5,200 SF.
