Colorado Springs Investment
For Sale
$895,000
3210 North Academy Boulevard, Colorado Springs, CO 80917
Fully leased commercial property with investment flexibility in Colorado Springs.
Property Size5,932 SF
Price / SF$150.88
Days on Market171
Property Features for 3210 North Academy Boulevard
General Information
Standard status
Active
Size
5,932 SF
Class
B
Property subtype
Office
Building Details
Building Size
5,932 SF
Year Built
1982
Listing Agency:
(719) 200-2735
Listed By:
Tim Agee
Source:
Miramontcre
Added: Mar 6
Changed: Aug 16
Last Checked: Aug 24 at 3:41AM
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 Tim Agee
Investment Insights
Based on property information with market context.
Located at 3210 North Academy Boulevard, Colorado Springs, CO, 80917, this 5,932 SF commercial property presents a prime investment opportunity. Constructed in 1982 and zoned MX-M, the building is demised into 4 separately deeded condo units, offering long-term investment flexibility. The property features abundant parking, prominent monument signage off Parkmoor Village Drive, and a storage basement. Recent building improvements have been completed. The property is fully leased with a solid tenant in place. Positioned in a highly populated community within a robust medical submarket, its central location provides easy accessibility throughout the city. This property is an ideal choice for investors seeking to capitalize on the area's establishment.
Key Highlights
- Fully leased investment property in a robust medical submarket.
- Building demised into 4 separately deeded condo units, offering long‑term investment flexibility.
- Prime central location with easy accessibility throughout Colorado Springs.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,393
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,860
$1.2M
Cap Rate 7%
$834,186
$834.2K
Cap Rate 9%
$648,811
$648.8K
Market Conditions
NOI Build-Up for 5,932 SF
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.
Gross rent
$89.0K $15.00/SF
− Vacancy
−$11.1K −$1.88/SF
EGI
$77.9K $13.13/SF
− OpEx
−$19.5K −$3.28/SF
NOI
$58.4K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,860
Cap Rate 7%
$834,186
Cap Rate 9%
$648,811
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
Property Profile
Current Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Fully leased commercial property with investment flexibility in Colorado Springs.
Where is this office units located?
The property is located at 3210 North Academy Boulevard 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 investment property in a robust medical submarket.; Building demised into 4 separately deeded condo units, offering long‑term investment flexibility.; Prime central location with easy accessibility throughout Colorado Springs.
