Small Office Condos For
For Sale
Contact for pricing
1965 Dominion Way, Colorado Springs, CO
Rare opportunity to purchase small office condos in Colorado Springs.
Property Size1,200 SF
Lot Size0.11 Acres
Price / SF$325
Days on Market461
Property Features for 1965 Dominion Way
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.11 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Vista Grande
Listing Agency:
Kinsey & Company Commercial Real Estate
(720) 833-4618
Listed By:
Jason F. Kinsey
(720) 280-5757
Source:
Moodyscre
Added: Jul 23, 2025
Changed: Oct 26
Last Checked: Oct 24 at 8:40PM
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 Kinsey & Company Commercial Real Estate
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Investment Insights
Based on property information with market context.
These small office condos present a rare opportunity for purchase, either individually or together. One unit, located at 1965 Dominion Way, Unit 120, is vacant and immediately available for occupancy, featuring an efficient floor plan with five offices, one restroom, and a lobby. The other unit, located at 1945 Dominion Way, Unit 110, is currently leased to Mindful Minds Psychiatry until August 31, 2027, offering immediate cash flow. This unit has a functional floor plan consisting of six offices, one restroom, and a lobby. The properties are situated in a quiet, well-maintained office park conveniently located off Academy Blvd, a main thoroughfare through Colorado Springs.
Key Highlights
- Ability to occupy one unit (1965 Dominion Way, Unit 120) immediately while generating income from the other (1945 Dominion Way, Unit 110).
- Convenient location off Academy Blvd, a main thoroughfare in Colorado Springs.
- One unit (1945 Dominion Way, Unit 110) is leased to Mindful Minds Psychiatry until August 31, 2027, providing immediate cash flow.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,513
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,260
$270.3K
Cap Rate 7%
$193,043
$193.0K
Cap Rate 9%
$150,144
$150.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$24.5K $20.40/SF
− Vacancy
−$2.0K −$1.63/SF
EGI
$22.5K $18.77/SF
− OpEx
−$9.0K −$7.51/SF
NOI
$13.5K $11.26/SF
Area
Colorado Springs, CO
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$270,260
Cap Rate 7%
$193,043
Cap Rate 9%
$150,144
Alternative Uses
Best Use
Healthcare Medical
$193.0K
$168.9K – $225.2K
NOI $13,513 @ 7.0% cap · market cap 3.46%
Second Best
Office B
$168.8K
$147.7K – $196.9K
NOI $11,813 @ 7.0% cap · market cap 3.03%
Theoretical Best
Specialty Retail
$237.0K
$207.4K – $276.5K
NOI $16,589 @ 7.0% cap · market cap 4.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,522
Businesses Nearby
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Business Placement
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Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office unit - Rare opportunity to purchase small office condos in Colorado Springs.
Where is this office unit located?
The property is located at 1965 Dominion Way Colorado Springs, CO.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Ability to occupy one unit (1965 Dominion Way, Unit 120) immediately while generating income from the other (1945 Dominion Way, Unit 110).; Convenient location off Academy Blvd, a main thoroughfare in Colorado Springs.; One unit (1945 Dominion Way, Unit 110) is leased to Mindful Minds Psychiatry until August 31, 2027, providing immediate cash flow.
