Owner-Occupant Office
3540 Austin Bluffs Parkway, Colorado Springs, CO 80918
For Sale
$625,000
Colorado Springs, CO
Property Size1,430 SF
Price / SF$437.06
Days on Market57
Property Features for 3540 Austin Bluffs Parkway
General Information
Property type
Property subtype
Standard status
Additional Details
Property Use
Building Details
Year built
Listing Agency:
Engel & Volkers Pikes Peak · Engel & Völkers
(719) 886-4800
Listed By:
Steven Zaleski
Added: Sep 17
Changed: Nov 3
Last Checked: Nov 12 at 8:06AM
MLS# 8698198
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This office unit provides 1,430 usable square feet for immediate owner occupancy within a property built in 1972. The space is positioned for professional office operations and may accommodate uses identified in the listing, including real estate, insurance, engineering, styling, day-spa, chiropractic, and general office services.
The property fronts Austin Bluffs Parkway, with access also available from Morning Sun Drive. Austin Bluffs Parkway records 36,475 vehicle trips per day, while King Soopers is located across the street to the northeast and connects to Morning Sun Drive. These access and surrounding retail details contribute to the property's exposure for an owner-user office operation.
The property fronts Austin Bluffs Parkway, with access also available from Morning Sun Drive. Austin Bluffs Parkway records 36,475 vehicle trips per day, while King Soopers is located across the street to the northeast and connects to Morning Sun Drive. These access and surrounding retail details contribute to the property's exposure for an owner-user office operation.
Key Highlights
- 1,430 usable square feet available for immediate owner occupancy
- Frontage and access along Austin Bluffs Parkway
- 36,475 vehicle trips per day on Austin Bluffs Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,103
Cap Rate
3.38%
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 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.5K
$319.8K – $426.4K
NOI $25,585 @ 7.0% cap · market cap 4.09%
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
$414,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Colorado Springs, CO
Properties on Market for Office Units in Colorado Springs
Vacancy Rate% for Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office unit - Office space offers direct parkway exposure and secondary access from Morning Sun Drive.
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 $625,000.
What are key features of this property?
This property features: 1,430 usable square feet available for immediate owner occupancy; Frontage and access along Austin Bluffs Parkway; 36,475 vehicle trips per day on Austin Bluffs Parkway
