Colorado Springs Office For
For Sale
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3134 W Colorado Ave, Colorado Springs, CO 80904
2,640 SF office building for sale in Colorado Springs.
Property Size2,640 SF
Price / SF$302.65
Days on Market744
Property Features for 3134 W Colorado Ave
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Office
Building Details
Year Built
1995
Listing Agency:
NAI Highland, LLC
(719) 577-0044
Listed By:
John Benson · License #CO FA.100088508
Source:
Crexi
Added: Jul 20, 2024
Changed: Jul 6
Last Checked: Aug 1 at 4:05PM
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 NAI Highland, LLC
Investment Insights
Based on property information with market context.
This commercial property, located in Colorado Springs, Colorado, is available for sale. The property offers 2,640 square feet of office space.
Key Highlights
- Built in 1995
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 | $39.6k | $15.00 |
| − Vacancy | −$5.0k | −$1.88 |
| EGI | $34.7k | $13.13 |
| − OpEx | −$8.7k | −$3.28 |
| NOI | $26.0k | $9.84 |
2,640 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$371.3K
$324.9K – $433.1K
NOI $25,988 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$521.4K
$456.2K – $608.3K
NOI $36,495 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,448
Businesses Nearby
Explore this area
Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 2,640 SF office building for sale in Colorado Springs.
Where is this office building located?
The property is located at 3134 W Colorado Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Built in 1995
