Garden-Level Law Office
New
For Sale
$1,150,000
320 & 326 E Costilla Street, Colorado Springs, CO 80903
Owner-occupied law office with six private offices, three conference rooms, two bathrooms, and paved parking in Colorado Springs.
Property Size4,256 SF
Lot Size0.24 Acres
Price / SF$270.21
Days on Market3
Property Features for 320 & 326 E Costilla Street
General Information
Standard status
Active
Size
4,256 SF
Lot size
0.24 Acres
Property subtype
Commercial
Zoning
FBZ-T1
Amenities
paved parking lot
two A/C units
chairlift
Building Details
Building Size
4,256 SF
Year Built
1980
Construction
brick, frame, and stucco
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
RE/MAX Properties Inc
(719) 380-1768
Listed By:
Ted Bachara
(719) 380-1768
Source:
Coloradopartners
Added: Jul 29
Changed: Jul 30
Last Checked: Jul 30 at 2:42PM
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 Properties Inc
Investment Insights
Based on property information with market context.
This owner-occupied garden-level law office building was built in 1980 and contains 4,256 square feet of functional workspace. The layout includes six private offices, three conference rooms, a kitchenette, and two bathrooms. The exterior is brick, frame, and stucco.
The property sits on two lots totaling 10,500 square feet (0.24 acres) and is zoned FBZ-T1. A paved parking lot supports day-to-day client and staff access. Two A/C units provide heating and cooling, and a chairlift offers access between levels.
The configuration is designed for professional use, with a mix of private offices and meeting rooms for client intake, consultations, and case-related collaboration.
The property sits on two lots totaling 10,500 square feet (0.24 acres) and is zoned FBZ-T1. A paved parking lot supports day-to-day client and staff access. Two A/C units provide heating and cooling, and a chairlift offers access between levels.
The configuration is designed for professional use, with a mix of private offices and meeting rooms for client intake, consultations, and case-related collaboration.
Key Highlights
- 4,256 SF garden‑level law office built in 1980
- Six private offices plus three conference rooms
- Kitchenette and two bathrooms
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 | $63.8k | $15.00 |
| − Vacancy | −$8.0k | −$1.88 |
| EGI | $55.9k | $13.13 |
| − OpEx | −$14.0k | −$3.28 |
| NOI | $41.9k | $9.84 |
4,256 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$598.5K
$523.7K – $698.3K
NOI $41,895 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$840.5K
$735.4K – $980.6K
NOI $58,835 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,982
Businesses Nearby
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
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 - Owner-occupied law office with six private offices, three conference rooms, two bathrooms, and paved parking in Colorado Springs.
Where is this office building located?
The property is located at 320 & 326 E Costilla Street Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 4,256 SF garden‑level law office built in 1980; Six private offices plus three conference rooms; Kitchenette and two bathrooms
