Owner-Occupant Office
New
For Sale
$635,000
3540 Austin Bluffs Parkway, Colorado Springs, CO 80918
The 1,430-square-foot space is available for immediate occupancy by an owner-user.
Property Size1,430 SF
Price / SF$444.06
Days on Market5
Property Features for 3540 Austin Bluffs Parkway
General Information
Standard status
Active
Size
1,430 SF
Property subtype
Office
Site & Location
Neighborhood
Garden Ranch
Road Access
Yes
Additional Details
Condition
Move-in Ready
Property Use
General Office
Taxes and HOA fees
Annual Taxes
$8,730
Building Details
Year Built
1972
Listing Agency:
Engel & Voelkers Pikes Peak
Listed By:
Steven Zaleski
(719) 886-4800
Source:
Kap-lyons
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 3:45AM
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 Engel & Voelkers Pikes Peak
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Investment Insights
Based on property information with market context.
This office unit offers 1,430 usable square feet and is available for immediate owner occupancy. Potential uses identified for the space include real estate, insurance, engineering, a styling salon, day spa, chiropractic, and general office services. The building dates to 1972.
The property has frontage and access on Austin Bluffs Parkway, with another access point from Morning Sun Drive. Reported traffic on Austin Bluffs Parkway is 36,475 vehicle trips per day. King Soopers is across the street to the northeast and is also reachable from Morning Sun Drive.
The property has frontage and access on Austin Bluffs Parkway, with another access point from Morning Sun Drive. Reported traffic on Austin Bluffs Parkway is 36,475 vehicle trips per day. King Soopers is across the street to the northeast and is also reachable from Morning Sun Drive.
Key Highlights
- 1,430 usable square feet available for immediate owner occupancy
- Frontage and access on Austin Bluffs Parkway, plus access from Morning Sun Drive
- Austin Bluffs Parkway traffic: 36,475 vehicle trips per day
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,103
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,060
$422.1K
Cap Rate 7%
$301,471
$301.5K
Cap Rate 9%
$234,478
$234.5K
Market Conditions
NOI Build-Up for 1,430 SF
Gross rent
$31.4K $21.96/SF
− Vacancy
−$3.3K −$2.28/SF
EGI
$28.1K $19.68/SF
− OpEx
−$7.0K −$4.92/SF
NOI
$21.1K $14.76/SF
Area
ZIP 80918
Vacancy
10.40%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,060
Cap Rate 7%
$301,471
Cap Rate 9%
$234,478
Alternative Uses
Best Use
Office B
$301.5K
$263.8K – $351.7K
NOI $21,103 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.5K
$319.8K – $426.4K
NOI $25,585 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 80918, CO
47,453
Population
20,447
Households
2.3
Avg Household Size
37
Median Age
38%
College-Educated
95%
High-School Grad
12.0 sq mi
ZIP Area
3,954
Density / Sq Mi
$82,743
Median Household Income
$42,596
Median Earnings
$1,572
Median Rent
$414,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office unit - The 1,430-square-foot space is available for immediate occupancy by an owner-user.
Where is this office unit located?
The property is located at 3540 Austin Bluffs Parkway Colorado Springs, CO.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: 1,430 usable square feet available for immediate owner occupancy; Frontage and access on Austin Bluffs Parkway, plus access from Morning Sun Drive; Austin Bluffs Parkway traffic: 36,475 vehicle trips per day
