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 Market226
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
Listed By:
Tim Agee
(719) 200-2735
Source:
Miramontcre
Added: Mar 6
Changed: Oct 3
Last Checked: Oct 16 at 8:08AM
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
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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 / Yr
$58,393
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Colorado Springs, CO
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.
