Two-Story Office
1879 Austin Bluffs Pkwy Colorado Springs, CO 80907
New
For Sale
Contact for pricing
Two-story office building with private offices, open work areas, restrooms on each level, and surface parking.
Property Size3,548 SF
Price / SF$162.06
Days on Market4
Property Features for 1879 Austin Bluffs Pkwy
General Information
Standard status
Active
Size
3,548 SF
Property subtype
OFFICE
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 659-1095
Listed By:
Alex Dumas · License #FA.040034163
(719) 659-1095
Source:
Moodyscre
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 26 at 2:29PM
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 Partners, Inc.
Investment Insights
Based on property information with market context.
1879 Austin Bluffs Parkway is a two-story office building offering a flexible layout designed for a range of office needs. The space includes private offices and open work areas, with restrooms on each level, supporting everyday operational convenience.
The property is positioned directly along Austin Bluffs Pkwy near Union Blvd, with stated convenient access to I-25 via Austin Bluffs Pkwy/Garden of the Gods Rd. It is also described as directly across from the UCCS campus, providing a prominent, easily located office setting.
Available for sale or lease, the building includes surface parking to serve visitors and staff.
The property is positioned directly along Austin Bluffs Pkwy near Union Blvd, with stated convenient access to I-25 via Austin Bluffs Pkwy/Garden of the Gods Rd. It is also described as directly across from the UCCS campus, providing a prominent, easily located office setting.
Available for sale or lease, the building includes surface parking to serve visitors and staff.
Key Highlights
- 2‑story office building totaling 3,548 SF with a flexible layout for private offices and open work areas
- Restrooms on each level for added convenience throughout the building
- Surface parking available on‑site
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 | $53.2k | $15.00 |
| − Vacancy | −$6.7k | −$1.88 |
| EGI | $46.6k | $13.13 |
| − OpEx | −$11.6k | −$3.28 |
| NOI | $34.9k | $9.84 |
3,548 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with private offices, open work areas, restrooms on each level, and surface parking.
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: 2‑story office building totaling 3,548 SF with a flexible layout for private offices and open work areas; Restrooms on each level for added convenience throughout the building; Surface parking available on‑site
