Owner-User Medical Office with Short-Term
For Sale
Contact for pricing
2141 Academy Cir, Colorado Springs, CO 80909
Owner-user medical office with a portion available at closing and short-term leases on the remainder.
Property Size9,921 SF
Price / SF$190
Days on Market360
Property Features for 2141 Academy Cir
General Information
Standard status
Active
Size
9,921 SF
Property subtype
OFFICE
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 491-5349
Listed By:
Paul Rubley · License #100000554
(719) 491-5349
Source:
Moodyscre
Added: Aug 6, 2025
Changed: Jul 30
Last Checked: Jul 31 at 11:29AM
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 Olive Real Estate Partners, Inc.
Investment Insights
Based on property information with market context.
2141 Academy Cir is an owner-user medical office building offering 9,921 SF in total, with 5,719 SF available at closing. The remainder of the building is available for short-term leases, intended to offset costs while the owner-user occupies the available space.
The property is located just off N Academy Blvd in the northeast submarket of Colorado Springs. Its positioning is described as providing easy access to main arterial streets and nearby residential areas, supporting patient and staff convenience.
The building’s configuration supports an owner-user who wants control over part of the space while using short-term leasing to help manage building occupancy during the transition.
The property is located just off N Academy Blvd in the northeast submarket of Colorado Springs. Its positioning is described as providing easy access to main arterial streets and nearby residential areas, supporting patient and staff convenience.
The building’s configuration supports an owner-user who wants control over part of the space while using short-term leasing to help manage building occupancy during the transition.
Key Highlights
- 9,921 SF medical office building total
- 5,719 SF available at closing
- Short‑term leases on the remainder to offset costs
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 | $202.4k | $20.40 |
| − Vacancy | −$16.2k | −$1.63 |
| EGI | $186.2k | $18.77 |
| − OpEx | −$74.5k | −$7.51 |
| NOI | $111.7k | $11.26 |
9,921 SF · lease $20.40/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.60M
$1.40M – $1.86M
NOI $111,718 @ 7.0% cap · market cap 5.93%
Second Best
Office B
$1.40M
$1.22M – $1.63M
NOI $97,660 @ 7.0% cap · market cap 5.18%
Theoretical Best
Specialty Retail
$1.96M
$1.71M – $2.29M
NOI $137,148 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Owner-user medical office with a portion available at closing and short-term leases on the remainder.
Where is this medical office space located?
The property is located at 2141 Academy Cir Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,885,000.
What are key features of this property?
This property features: 9,921 SF medical office building total; 5,719 SF available at closing; Short‑term leases on the remainder to offset costs
