Office Units with
New
For Sale
$1,300,000
201 E Las Animas St Suites 103 & 105, Colorado Springs, CO 80903
Two adjoining suites have upper-level offices and a conference area.
Property Size4,335 SF
Days on Market3
Property Features for 201 E Las Animas St Suites 103 & 105
General Information
Standard status
Active
Size
4,335 SF
Class
C
Property subtype
Office
Zoning
PDZ
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Additional Details
Office Units
2
Property Use
Office
Amenities
conference space
exterior balconies
Building Details
Building Size
4,335 SF
Year Built
2001
Parking Ratio
2.27 per 1,000 SF
Listing Agency:
Miramont Commercial Real Estate
Listed By:
Simon Penner
(719) 229-1585
Source:
Miramontcre
Added: Oct 24
Changed: Oct 26
Last Checked: Oct 26 at 1:09PM
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 Miramont Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suites 103 and 105 are adjoining office condominiums built in 2001. The interiors include upper-level offices and a conference area, with balconies extending the usable space outdoors. Natural light reaches the office areas, and the property has a formal entry.
The suites are zoned PDZ and offer access to I-25. On-site parking is provided at a ratio of 2.27 spaces per 1,000 SF.
The suites are zoned PDZ and offer access to I-25. On-site parking is provided at a ratio of 2.27 spaces per 1,000 SF.
Key Highlights
- Two adjoining office condo units: Suites 103 and 105
- Balconies provide outdoor space
- Upper‑level offices and a conference area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,673
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$853,460
$853.5K
Cap Rate 7%
$609,614
$609.6K
Cap Rate 9%
$474,144
$474.1K
Market Conditions
NOI Build-Up for 4,335 SF
Gross rent
$65.0K $15.00/SF
− Vacancy
−$8.1K −$1.88/SF
EGI
$56.9K $13.13/SF
− OpEx
−$14.2K −$3.28/SF
NOI
$42.7K $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%
$853,460
Cap Rate 7%
$609,614
Cap Rate 9%
$474,144
Alternative Uses
Best Use
Office B
$609.6K
$533.4K – $711.2K
NOI $42,673 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$856.1K
$749.1K – $998.8K
NOI $59,927 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,665
Businesses Nearby
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office unit - Two adjoining suites have upper-level offices and a conference area.
Where is this office unit located?
The property is located at 201 E Las Animas St Suites 103 & 105 Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two adjoining office condo units: Suites 103 and 105; Balconies provide outdoor space; Upper‑level offices and a conference area
