Office Building For
For Sale
$575,000
1879 Austin Bluffs Pkwy, Colorado Springs, CO 80907
For sale office building at 1879 Austin Bluffs Pkwy in Colorado Springs, Colorado.
Property Size3,548 SF
Days on Market115
Property Features for 1879 Austin Bluffs Pkwy
General Information
Standard status
Active
Size
3,548 SF
Property subtype
Office
Building Details
Building Size
3,548 SF
Listing Agency:
Olive Real Estate Group
Listed By:
Alex Dumas · License #FA.040034163
(719) 659-1095
Source:
Commercialcafe
Added: Jun 30
Changed: Oct 15
Last Checked: Oct 20 at 5:31PM
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 Olive Real Estate Group
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Investment Insights
Based on property information with market context.
This listing offers an office building for sale in Colorado Springs, Colorado. The property is identified as office-focused commercial real estate within the provided materials.
The address is 1879 Austin Bluffs Pkwy, Colorado Springs, CO 80907. No additional details on building size, layout, condition, tenancy, or improvements were included in the information provided.
Interested parties should confirm all operating and investment details directly with the listing representative.
The address is 1879 Austin Bluffs Pkwy, Colorado Springs, CO 80907. No additional details on building size, layout, condition, tenancy, or improvements were included in the information provided.
Interested parties should confirm all operating and investment details directly with the listing representative.
Key Highlights
- Office building for sale at 1879 Austin Bluffs Pkwy, Colorado Springs, CO
- Built in 1983
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,926
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$698,520
$698.5K
Cap Rate 7%
$498,943
$498.9K
Cap Rate 9%
$388,067
$388.1K
Market Conditions
NOI Build-Up for 3,548 SF
Gross rent
$53.2K $15.00/SF
− Vacancy
−$6.7K −$1.88/SF
EGI
$46.6K $13.13/SF
− OpEx
−$11.6K −$3.28/SF
NOI
$34.9K $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%
$698,520
Cap Rate 7%
$498,943
Cap Rate 9%
$388,067
Alternative Uses
Best Use
Office B
$498.9K
$436.6K – $582.1K
NOI $34,926 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$700.7K
$613.1K – $817.5K
NOI $49,048 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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 - For sale office building at 1879 Austin Bluffs Pkwy in Colorado Springs, Colorado.
Where is this office building located?
The property is located at 1879 Austin Bluffs Pkwy Colorado Springs, CO.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Office building for sale at 1879 Austin Bluffs Pkwy, Colorado Springs, CO; Built in 1983
