Deeded Office Condo
For Sale
Contact for pricing
3210 N Academy Blvd, Colorado Springs, CO 80917
Fully leased office investment property converted into four separately deeded condo units with individual restrooms.
Property Size5,932 SF
Price / SF$150.88
Days on Market176
Property Features for 3210 N Academy Blvd
General Information
Standard status
Active
Size
5,932 SF
Property subtype
OFFICE
Occupancy
100%
Amenities
storage basement
monument signage
Building Details
Tenancy
Multi
Listing Agency:
Miramont Commercial Real Estate
(719) 229-1585
Listed By:
Timothy Agee
Source:
Moodyscre
Added: Feb 5
Changed: Jul 27
Last Checked: Jul 27 at 10:34PM
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 Miramont Commercial Real Estate
Investment Insights
Based on property information with market context.
This fully leased investment property has been demised into four separately deeded office condo units. Each unit includes its own restroom package and mechanical systems, with interior improvements completed throughout. The building also offers a storage basement, and abundant on-site parking for tenants and visitors.
The property features prominent monument signage from Parkmoor Village Drive and is designed to support straightforward day-to-day access and visibility for business operations.
With four individual condo units under one building, the configuration may provide near-term flexibility while maintaining current occupancy.
The property features prominent monument signage from Parkmoor Village Drive and is designed to support straightforward day-to-day access and visibility for business operations.
With four individual condo units under one building, the configuration may provide near-term flexibility while maintaining current occupancy.
Key Highlights
- Fully leased office investment property with near‑term flexibility
- Converted and demised into 4 separately deeded condo units
- Each condo unit includes an individual restroom package and mechanical systems
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 | $89.0k | $15.00 |
| − Vacancy | −$11.1k | −$1.88 |
| EGI | $77.9k | $13.13 |
| − OpEx | −$19.5k | −$3.28 |
| NOI | $58.4k | $9.84 |
5,932 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$834.2K
$729.9K – $973.2K
NOI $58,393 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,004 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
Explore this area
Business Placement
Demographics for 80917, CO
30,513
Population
13,656
Households
2.2
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
5.6 sq mi
ZIP Area
5,449
Density / Sq Mi
$72,805
Median Household Income
$39,973
Median Earnings
$1,435
Median Rent
$353,100
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 units - Fully leased office investment property converted into four separately deeded condo units with individual restrooms.
Where is this office units located?
The property is located at 3210 N Academy Blvd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Fully leased office investment property with near‑term flexibility; Converted and demised into 4 separately deeded condo units; Each condo unit includes an individual restroom package and mechanical systems
