Office Condominium with Private
2130 Academy Circle # Suite B, Colorado Springs, CO 80909
For Sale
New
$190,000
A reception area, kitchenette, private restroom, and shared parking support professional or service-oriented operations.
Property Size784 SF
Price / SF$242.35
Days on Market4
Property Features for 2130 Academy Circle # Suite B
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
HOA Fee
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
security system
kitchenette
private restroom
0.0
City/Town Road,Paved
Building Details
Year Built
Owner Occupied
Listing Agency:
(719) 297-2084
Listed By:
April Hernandez
Source:
Pikespeaklegacyrealty
Added: Nov 7
Last Checked: Nov 10 at 2:52AM
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 April Hernandez
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 784-square-foot office condominium includes a reception and lobby area, two private offices, a restroom, and a kitchenette with built-in cabinetry and a refrigerator. A security system is installed, and the space is vacant. The building dates to 1981.
The property is reached from a paved city/town road. Shared, unassigned parking is available for clients and staff. The association fee covers water, exterior maintenance, landscaping, and snow removal.
The property is reached from a paved city/town road. Shared, unassigned parking is available for clients and staff. The association fee covers water, exterior maintenance, landscaping, and snow removal.
Key Highlights
- 784‑square‑foot office condominium
- Two private offices plus reception and lobby space
- Kitchenette with built‑in cabinetry and refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,718
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,360
$154.4K
Cap Rate 7%
$110,257
$110.3K
Cap Rate 9%
$85,756
$85.8K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$11.8K $15.00/SF
− Vacancy
−$1.5K −$1.88/SF
EGI
$10.3K $13.13/SF
− OpEx
−$2.6K −$3.28/SF
NOI
$7.7K $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%
$154,360
Cap Rate 7%
$110,257
Cap Rate 9%
$85,756
Alternative Uses
Best Use
Office B
$110.3K
$96.5K – $128.6K
NOI $7,718 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$154.8K
$135.5K – $180.6K
NOI $10,838 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
891
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Colorado Springs, CO
Properties on Market for Office Units in Colorado Springs
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, kitchenette, private restroom, and shared parking support professional or service-oriented operations.
Where is this office unit located?
The property is located at 2130 Academy Circle # Suite B Colorado Springs, CO.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: 784‑square‑foot office condominium; Two private offices plus reception and lobby space; Kitchenette with built‑in cabinetry and refrigerator
