Small Office Condos For
1965 Dominion Way Colorado Springs, CO
For Sale
Contact for pricing
Rare opportunity to purchase small office condos in Colorado Springs.
Property Size1,200 SF
Lot Size0.11 Acres
Price / SF$325
Days on Market370
Property Features for 1965 Dominion Way
General Information
Standard status
Active
Size
1,200 SF
Lot size
0.11 Acres
Property subtype
OFFICE
Listing Agency:
Kinsey & Company Commercial Real Estate
(720) 280-5757
Listed By:
Jason F. Kinsey
(720) 280-5757
Source:
Moodyscre
Added: Jul 23, 2025
Changed: Jul 10
Last Checked: Jul 21 at 5:41AM
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
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 For Healthcare Medical
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 | $24.5k | $20.40 |
| − Vacancy | −$2.0k | −$1.63 |
| EGI | $22.5k | $18.77 |
| − OpEx | −$9.0k | −$7.51 |
| NOI | $13.5k | $11.26 |
1,200 SF · lease $20.40/SF/yr · vacancy 8.00% · expense 40.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Rare opportunity to purchase small office condos in Colorado Springs.
Where is this office units 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.
