Multifunctional Property Near Citadel
2850 W Serendipity Circle Colorado Springs, CO 80917
For Sale
$1,699,000
Adaptable units suitable for clinics, offices, or schools.
Property Size9,552 SF
Price / SF$177.87
Days on Market424
Property Features for 2850 W Serendipity Circle
General Information
Standard status
Active
Size
9,552 SF
Building Details
Year Built
1974
Listing Agency:
RE/MAX PROFESSIONALS
(303) 985-4555
Listed By:
LINDA TRAN
Source:
Corcoran
Added: May 30, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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.
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
NOI $107,563 @ 7.0% cap · market cap 6.33%
Second Best
Office B
$1.34M
$1.18M – $1.57M
NOI $94,028 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,047 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
