Leased Office Building
For Sale
$550,000
1769 South 8th Street, Colorado Springs, CO 80905
Two-tenant office building offered with 100% occupancy and approximately three years remaining on lease terms.
Property Size3,032 SF
Price / SF$181.40
Days on Market123
Property Features for 1769 South 8th Street
General Information
Standard status
Active
Size
3,032 SF
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
5.8%
Building Details
Tenancy
Multi
Listing Agency:
CBRE - Colorado Springs
Listed By:
Justin Burns
(719) 471-6067
Source:
Cbre
Added: May 8
Changed: Sep 6
Last Checked: Sep 7 at 5:24AM
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 CBRE - Colorado Springs
Investment Insights
Based on property information with market context.
This leased office building is offered for sale with 100% occupancy and two tenants. The property features existing tenant occupancy with approximately three years remaining on the current lease terms, positioning the asset for near-term income stability.
The offering is located at 1769 South 8th Street in Colorado Springs, CO 80905. Public remarks note strong demand tied to the South 8th Street location.
The purchase price is listed at $550,000 with an indicated 5.8% cap rate, reflecting the property’s current leased status and the remaining term on the existing leases.
The offering is located at 1769 South 8th Street in Colorado Springs, CO 80905. Public remarks note strong demand tied to the South 8th Street location.
The purchase price is listed at $550,000 with an indicated 5.8% cap rate, reflecting the property’s current leased status and the remaining term on the existing leases.
Key Highlights
- Two‑tenant office building with 100% occupancy and full leasing in place.
- Approximately 3 years remaining on lease terms.
- Two tenants with 100% leased status.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,846
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,920
$596.9K
Cap Rate 7%
$426,371
$426.4K
Cap Rate 9%
$331,622
$331.6K
Market Conditions
NOI Build-Up for 3,032 SF
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.
Gross rent
$45.5K $15.00/SF
− Vacancy
−$5.7K −$1.88/SF
EGI
$39.8K $13.13/SF
− OpEx
−$9.9K −$3.28/SF
NOI
$29.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,920
Cap Rate 7%
$426,371
Cap Rate 9%
$331,622
Alternative Uses
Best Use
Office B
$426.4K
$373.1K – $497.4K
NOI $29,846 @ 7.0% cap · market cap 5.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$598.8K
$523.9K – $698.6K
NOI $41,914 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
537
Businesses Nearby
Explore this area
Business Placement
Demographics for 80905, CO
17,592
Population
8,933
Households
2
Avg Household Size
38
Median Age
39%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
3,449
Density / Sq Mi
$64,496
Median Household Income
$40,876
Median Earnings
$1,449
Median Rent
$349,500
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 - Two-tenant office building offered with 100% occupancy and approximately three years remaining on lease terms.
Where is this office building located?
The property is located at 1769 South 8th Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑tenant office building with 100% occupancy and full leasing in place.; Approximately 3 years remaining on lease terms.; Two tenants with 100% leased status.
