Office Condominium
201 Las Animas Street Suite 109 Colorado Springs, CO 80903
201 Las Animas Street Suite 109, Colorado Springs, CO, 80903
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For Sale
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Suite 109 is located in a professionally maintained Poet Lofts mixed-use development downtown Colorado Springs.
Property Size2,058 SF
Price / SF$303.69
Days on Market136
Property Features for 201 Las Animas Street Suite 109
General Information
- Standard status
- Active
- Size
- 2,058 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agency
Millennium Commercial Real Estate
(719) 447-5948
Listed by
Drew Dowis · License #FA. 100078152
Source
Crexi
Added: Mar 10 Updated: Jul 22 at 2:20PM Checked: Jul 22 at 2:20PM
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 Millennium Commercial Real Estate
Investment Insights
Based on property information with market context.
Suite 109 at 201 E Las Animas Street is an office condominium within the Poet Lofts mixed-use development. The unit is designed for professional office use and provides a functional workspace in a professionally maintained building.
The location is described as downtown Colorado Springs with convenient access to major downtown corridors, restaurants, and public transit. The suite is approximately one block from the South Tejon Street commercial corridor and along the Mountain Metro Transit route, supporting day-to-day accessibility for clients, employees, and visitors.
The surrounding area is characterized by a mix of professional services, retail, dining, and recreational amenities, including parks and trail systems.
The location is described as downtown Colorado Springs with convenient access to major downtown corridors, restaurants, and public transit. The suite is approximately one block from the South Tejon Street commercial corridor and along the Mountain Metro Transit route, supporting day-to-day accessibility for clients, employees, and visitors.
The surrounding area is characterized by a mix of professional services, retail, dining, and recreational amenities, including parks and trail systems.
Key Highlights
- Suite 109 office condominium in the Poet Lofts mixed‑use development in downtown Colorado Springs
- Year built: 2001
- Professionally maintained building
Local 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 | $30.9k | $15.00 |
| − Vacancy | −$3.9k | −$1.88 |
| EGI | $27.0k | $13.13 |
| − OpEx | −$6.8k | −$3.28 |
| NOI | $20.3k | $9.84 |
2,058 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$289.4K
$253.2K – $337.6K
NOI $20,258 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$406.4K
$355.6K – $474.2K
NOI $28,450 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Marathon Wealth & Protection ...
Financial Advisor
Goodloe Architecture
Architect
Zack Bender - Financial ...
Financial Advisor
Andrew Inman - Financial ...
Financial Advisor
Chris Young - Private ...
Financial Advisor
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FAQs
What type of property is this?
Office units - Suite 109 is located in a professionally maintained Poet Lofts mixed-use development downtown Colorado Springs.
Where is this office units located?
The property is located at 201 Las Animas Street Suite 109 Colorado Springs, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Suite 109 office condominium in the Poet Lofts mixed‑use development in downtown Colorado Springs; Year built: 2001; Professionally maintained building
