Two-Story Office
For Sale
Contact for pricing
1867 Austin Bluffs Pkwy, Colorado Springs, CO 80907
Flexible office property in an established business park with updated windows, a newer roof, and parking around the building.
Property Size7,940 SF
Price / SF$157.43
Days on Market294
Property Features for 1867 Austin Bluffs Pkwy
General Information
Standard status
Active
Size
7,940 SF
Property subtype
OFFICE
Building Details
Buildings
1
Stories
2
Listing Agency:
CBRE - Colorado Springs
(719) 471-3300
Listed By:
Taylor Stamp · License #FA.100053723
(719) 235-8099
Source:
Moodyscre
Added: Jan 1
Changed: Oct 13
Last Checked: Oct 20 at 10:59PM
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
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Investment Insights
Based on property information with market context.
This 7,940-square-foot office building occupies two stories within an established business park. The layout can support either a single occupant or division into multiple suites, providing flexibility for owner-users and office tenants. Building improvements include new windows throughout, along with a newer roof and gutters.
The property is located at 1867 Austin Bluffs Pkwy in Colorado Springs, near UCCS. Parking is available around the building, and the office configuration can accommodate a range of professional uses supported by the existing improvements.
The property is located at 1867 Austin Bluffs Pkwy in Colorado Springs, near UCCS. Parking is available around the building, and the office configuration can accommodate a range of professional uses supported by the existing improvements.
Key Highlights
- 7,940‑square‑foot office building
- Two‑story configuration in an established business park
- Can operate as a single‑tenant or multi‑tenant property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,159
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,180
$1.6M
Cap Rate 7%
$1,116,557
$1.1M
Cap Rate 9%
$868,433
$868.4K
Market Conditions
NOI Build-Up for 7,940 SF
Gross rent
$119.1K $15.00/SF
− Vacancy
−$14.9K −$1.88/SF
EGI
$104.2K $13.13/SF
− OpEx
−$26.1K −$3.28/SF
NOI
$78.2K $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 Rate 5%
$1,563,180
Cap Rate 7%
$1,116,557
Cap Rate 9%
$868,433
Alternative Uses
Best Use
Office B
$1.12M
$977.0K – $1.30M
NOI $78,159 @ 7.0% cap · market cap 6.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,763 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office building - Flexible office property in an established business park with updated windows, a newer roof, and parking around the building.
Where is this office building located?
The property is located at 1867 Austin Bluffs Pkwy Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 7,940‑square‑foot office building; Two‑story configuration in an established business park; Can operate as a single‑tenant or multi‑tenant property
