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Multifunctional Property Near Citadel Mall

2850 W Serendipity Circle Colorado Springs, CO 80917

Claim this Listing
For Sale
$1,699,000

Adaptable units suitable for clinics, offices, or schools.

Property size:
9,552 SF
Price / SF:
$177.87/SF
Added:
May 30, 2025
Days on Market:
411
Last Refresh:
Mar 16 at 9:09 am

Property Features for 2850 W Serendipity Circle

General Information

Standard status
Active
Size
9,552 SF

Building Details

Year Built
1974

Listing office RE/MAX PROFESSIONALS

Listing date May 30, 2025

Source Corcoran

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 RE/MAX PROFESSIONALS


Investment Insights

Based on property information with market context.

This property features a total of eight units, each offering a variety of room configurations, ranging from single rooms to units with eight rooms plus a kitchen. These units can be customized to accommodate various uses, including clinics, office spaces, and school spaces. The property benefits from a convenient location with easy access to the highway. It is situated just minutes away from the Citadel Mall and local grocery stores. Located off Academy Boulevard, the property occupies a large and multifunctional lot with a total size of 9552 square feet.

Key Highlights

  • Multifunctional lot suitable for clinics, offices, schools, etc.
  • Eight customizable units ranging from 1 to 8 rooms + kitchen.
  • Convenient location off Academy Blvd.

Local 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 $194.9k $20.40
− Vacancy −$15.6k −$1.63
EGI $179.3k $18.77
− OpEx −$71.7k −$7.51
NOI $107.6k $11.26
9,552 SF · lease $20.40/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$1.54M
$1.34M – $1.79M (±1% cap)
NOI $107,563 @ 7.0% cap · market cap 6.33%
Second Best
Office B
$1.34M
$1.18M – $1.57M (±1% cap)
NOI $94,028 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M (±1% cap)
NOI $132,047 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Blissful Beauty LLC Hair Salon Bonitas Eyelash Studio Hair Salon All Eyez On Mi ... Spa & Massage Center Blue Sky Hotel & Motel Seven Moons Therapeutic ... Alternative Medicine Practice

Suggested Use

Food Market Law Firm Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Bakery (Bike/Boat/Book/etc) Store Catering Service Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Adaptable units suitable for clinics, offices, or schools.
Where is this office units located?
The property is located at 2850 W Serendipity Circle Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Multifunctional lot suitable for clinics, offices, schools, etc.; Eight customizable units ranging from 1 to 8 rooms + kitchen.; Convenient location off Academy Blvd.
Contact an agent
More about this property
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