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    Downtown Colorado Springs Office Suites Title is generated by Realmo AI

    18 N Sierra Madre St, Colorado Springs, CO 80903

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    Professional office suites in a central, accessible downtown location.

    Type:Office
    Property size:
    2,250 SF
    Added:
    Mar 24, 2026
    Days on Market:
    54
    Last Refresh:
    Mar 25 at 8:19 pm

    Property Features for 18 N Sierra Madre St

    General Information

    Standard status
    Active
    Size
    2,250 SF
    Property subtype
    Office

    Spaces For Lease

    at 18 N Sierra Madre St Contact us

    Suite D $16/Mo

    Size
    2,250 SF
    Type
    Office
    This larger office suite features multiple private offices connected by interior...
    show more
    Contact us

    Entire Suite $14/Mo

    Size
    6,200 SF
    Type
    Office
    A business could combine the vacant space and other space currently used by the building...
    show more
    Contact us

    Suite C $16/Mo

    Size
    1,600 SF
    Type
    Office
    A smaller professional office suite offering a combination of private offices and...
    show more
    Contact us

    We can help!

    Listing Contact
    Chris Myers
    Chris Myers

    Listing agent Chris Myers License #CO FA100053767

    Listing office Hoff & Leigh Colorado Springs

    Listing date Mar 24, 2026

    Source Crexi

    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 Hoff & Leigh Colorado Springs

    HighLights

    • Prime downtown Colorado Springs location offers convenient access to services and amenities.
    • Flexible suite options available, including a larger suite (2,250 SF) and a smaller suite (1,600 SF).
    • Potential to combine suites for a total of 6,200 RSF.
    • Efficient office layouts with private offices and shared amenities.
    • Suites are well‑suited for professional service firms and growing businesses.
    • Ideal for a variety of businesses, including attorneys, accountants, consultants, and therapy practices.

    Overview

    Located in downtown Colorado Springs, this professional office building at 18 N Sierra Madre Street offers flexible suite options suitable for various business users seeking a central and accessible location. The property features efficient office layouts with private offices and shared amenities, providing convenient access to downtown services. Available suites include Suite D, approximately 2,250 square feet, which features multiple private offices connected by interior hallways, suitable for teams that value privacy and collaboration. Suite C offers approximately 1,600 square feet, with a combination of private offices and work areas, ideal for boutique firms, consulting groups, therapy practices, or small professional teams seeking a downtown office presence. A business could combine the vacant space and other space currently used by the building owner for a total of 6,200 RSF. These suites are suitable for attorneys and legal professionals, accounting and financial services firms, consultants and advisory businesses, therapy and counseling practices, administrative offices, and professional service companies seeking a downtown presence.
    Location Intelligence

    Current Use by Public Records

    Law Offices Of Gregory ... Law Firm Colorado Law Group Law Firm Carl Fellhauer Insurance Insurance Agency Innovative Financial Management Financial Advisor willitcolorado.com Electronics & Wireless Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.827574
    Latitude
    38.836497

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    FAQs

    What type of property is this?
    Office units - Professional office suites in a central, accessible downtown location.
    Where is this office units located?
    The property is located at 18 N Sierra Madre St Colorado Springs, CO.
    What are key features of this property?
    This property features: Prime downtown Colorado Springs location offers convenient access to services and amenities.; Flexible suite options available, including a larger suite (2,250 SF) and a smaller suite (1,600 SF).; Potential to combine suites for a total of 6,200 RSF.
    (719) 630-2277 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Myers
    Chris Myers
    Real Estate License ID: CO FA100053767
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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