Standalone Medical Office
For Sale
Contact for pricing
3225 W Carefree Cir, Colorado Springs, CO 80917
MX-N-zoned professional suite with dental infrastructure, dedicated signage, and adaptable office potential.
Property Size2,275 SF
Price / SF$274.73
Days on Market201
Property Features for 3225 W Carefree Cir
General Information
Standard status
Active
Size
2,275 SF
Class
B
Property subtype
Office
Zoning
MX-N
Investment Type
Owner/User
Building Details
Year Built
1972
Buildings
1
Stories
1
Listing Agency:
Healthcare & Business Realty
Listed By:
Roger Hernandez · License #CO ER.100005845
(719) 339-9007
Source:
Crexi
Added: Apr 1
Changed: Oct 7
Last Checked: Oct 16 at 9:16AM
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 Healthcare & Business Realty
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Investment Insights
Based on property information with market context.
This standalone office condo is configured as a former dental suite with 7 operatories, a reception area, waiting room, private offices, laboratory, sterile room, and substantial storage. A crawl space beneath the building provides access for future plumbing, electrical, or data-line work. The space can support a dental practice or other professional, medical, therapy, legal, accounting, mortgage, or insurance office use, subject to applicable requirements.
The property fronts West Carefree Circle and includes dedicated signage on the building and within the development. North Academy Boulevard, Austin Bluffs Parkway, and Powers Boulevard provide access from multiple directions. I-25 and Garden of the Gods Road are approximately 5–7 minutes away, while Downtown Colorado Springs is about 15 minutes away. MX-N zoning permits professional, office, institutional, and low-intensity commercial uses.
The property fronts West Carefree Circle and includes dedicated signage on the building and within the development. North Academy Boulevard, Austin Bluffs Parkway, and Powers Boulevard provide access from multiple directions. I-25 and Garden of the Gods Road are approximately 5–7 minutes away, while Downtown Colorado Springs is about 15 minutes away. MX-N zoning permits professional, office, institutional, and low-intensity commercial uses.
Key Highlights
- Former dental suite with 7 operatories, reception, waiting room, private offices, lab, sterile room, and storage
- Standalone office condo with dedicated building and development signage
- Crawl space supports future plumbing, electrical, or data‑line installation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,618
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,360
$512.4K
Cap Rate 7%
$365,971
$366.0K
Cap Rate 9%
$284,644
$284.6K
Market Conditions
NOI Build-Up for 2,275 SF
Gross rent
$46.4K $20.40/SF
− Vacancy
−$3.7K −$1.63/SF
EGI
$42.7K $18.77/SF
− OpEx
−$17.1K −$7.51/SF
NOI
$25.6K $11.26/SF
Area
Colorado Springs, CO
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$512,360
Cap Rate 7%
$365,971
Cap Rate 9%
$284,644
Alternative Uses
Best Use
Healthcare Medical
$366.0K
$320.2K – $427.0K
NOI $25,618 @ 7.0% cap · market cap 4.10%
Second Best
Office B
$319.9K
$279.9K – $373.3K
NOI $22,395 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$449.3K
$393.1K – $524.2K
NOI $31,450 @ 7.0% cap · market cap 5.03%
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
1,420
Businesses Nearby
Under-served
Demand for This Use
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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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - MX-N-zoned professional suite with dental infrastructure, dedicated signage, and adaptable office potential.
Where is this medical office space located?
The property is located at 3225 W Carefree Cir Colorado Springs, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Former dental suite with 7 operatories, reception, waiting room, private offices, lab, sterile room, and storage; Standalone office condo with dedicated building and development signage; Crawl space supports future plumbing, electrical, or data‑line installation
