Two-Story Office Building Recently
For Sale
Contact for pricing
4445 Northpark Dr, Colorado Springs, CO 80907
Built in 1970 and remodeled 2022-2024 with new roof and insulated double-pane windows; zoned L1.
Property Size14,080 SF
Lot Size1.08 Acres
Price / SF$195.31
Days on Market221
Property Features for 4445 Northpark Dr
General Information
Standard status
Active
Size
14,080 SF
Lot size
1.08 Acres
Property subtype
OFFICE
Zoning
L1
Net Operating Income
$166,000
Financials
Cap Rate
6%
Opportunity Zone
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1970
Year Renovated
2024
Buildings
1
Stories
2
Building Size
14,080 SF
Listing Agency:
Hoff & Leigh
(719) 337-9551
Listed By:
Tim Leigh · License #ER.100022369
(719) 337-9551
Source:
Moodyscre
Added: Dec 22, 2025
Changed: Jul 30
Last Checked: Jul 31 at 12:56PM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
4445 Northpark is a two-story office building for sale in Colorado Springs. The property was recently remodeled, including interior office suite updates, electrical improvements, HVAC upgrades, a new roof with 9” of insulation, and all new double-pane insulated windows. The building is listed as generating around 6% cap rate, and has been well maintained with no anticipated cap X required.
The building is located for convenient access near I-25 and Garden of the Gods Road. It sits on a 1.08-acre lot and is zoned L1. The property is also identified as being located in a Tax Favored Opportunity Zone and HUB Zone.
Suite 103 is also available for lease as part of the building, offering 1,000 SF (full service).
The building is located for convenient access near I-25 and Garden of the Gods Road. It sits on a 1.08-acre lot and is zoned L1. The property is also identified as being located in a Tax Favored Opportunity Zone and HUB Zone.
Suite 103 is also available for lease as part of the building, offering 1,000 SF (full service).
Key Highlights
- 14,080 SF two‑story office building on a 1.08‑acre lot
- Remodeled 2022‑2024 including new HVAC, electrical, and interior suite updates
- New roof with 9” of insulation plus all new double‑pane insulated windows
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.2k | $15.00 |
| − Vacancy | −$26.4k | −$1.88 |
| EGI | $184.8k | $13.13 |
| − OpEx | −$46.2k | −$3.28 |
| NOI | $138.6k | $9.84 |
14,080 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,600 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.78M
$2.43M – $3.24M
NOI $194,642 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,113
Businesses Nearby
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
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 building - Built in 1970 and remodeled 2022-2024 with new roof and insulated double-pane windows; zoned L1.
Where is this office building located?
The property is located at 4445 Northpark Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 14,080 SF two‑story office building on a 1.08‑acre lot; Remodeled 2022‑2024 including new HVAC, electrical, and interior suite updates; New roof with 9” of insulation plus all new double‑pane insulated windows
