Parkmoor Professional Office
3100 N Academy Blvd Colorado Springs, CO 80917
3100 N Academy Blvd, Colorado Springs, CO, 80917
$3,135,000
For Sale
$3,135,000
20,950 RSF office building in North Colorado Springs submarket.
Property Size21,120 SF
Price / SF$148.44
Days on Market172
Property Features for 3100 N Academy Blvd
General Information
- Standard status
- Active
- Size
- 21,120 SF
- Property subtype
- Office
Building Details
- Year Built
- 1975
Listing Agency
Pinnacle Real Estate Advisors
(928) 533-4581
Listed by
Corey Sandberg · License #FA100074750
(928) 533-4581
Source
Pinnaclerea
Added: Jan 27 Checked: Jul 17 at 5:12 am
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 Pinnacle Real Estate Advisors
Investment Insights
Based on property information with market context.
This 20,950 RSF office building is located within Parkmoor Professional, situated in the North submarket of Colorado Springs. The property has a total size of 21,120 square feet.
Key Highlights
- 20,950 RSF office building.
- Located at Parkmoor Professional.
- Located in the North Submarket of Colorado Springs.
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 | $316.8k | $15.00 |
| − Vacancy | −$39.6k | −$1.88 |
| EGI | $277.2k | $13.13 |
| − OpEx | −$69.3k | −$3.28 |
| NOI | $207.9k | $9.84 |
21,120 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.97M
$2.60M – $3.47M
NOI $207,900 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.17M
$3.65M – $4.87M
NOI $291,963 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lulabelle Spa Studios
Alternative Medicine Practice
Hands Up Counseling
Medical Clinic
Nails by Laura ...
Nail Salon
Skylight Health Research
Research Institute
Pristine Beauty Glow ...
Spa & Massage Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 20,950 RSF office building in North Colorado Springs submarket.
Where is this office building located?
The property is located at 3100 N Academy Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,135,000.
What are key features of this property?
This property features: 20,950 RSF office building.; Located at Parkmoor Professional.; Located in the North Submarket of Colorado Springs.
