Turnkey Office Building with
For Sale
Contact for pricing
5 Swope Ave, Colorado Springs, CO 80909
Turnkey office building on a fully fenced, paved lot with parking and alley access.
Property Size2,120 SF
Lot Size0.28 Acres
Price / SF$228.77
Days on Market192
Property Features for 5 Swope Ave
General Information
Standard status
Active
Size
2,120 SF
Lot size
0.28 Acres
Property subtype
OFFICE
Zoning
MX-L
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
No
Listing Agency:
Trent Properties Group
(719) 650-9913
Listed By:
Amanda Miller Luciano · License #EA.1318522
(719) 650-9913
Source:
Moodyscre
Added: Jan 20
Changed: Jul 28
Last Checked: Jul 30 at 12:40PM
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 Trent Properties Group
Investment Insights
Based on property information with market context.
This fully fenced and paved property includes a turnkey office building ready for occupancy. The main floor offers 1,258 SF with three hard-walled offices, a conference space, a lobby, and a bathroom. Existing signage is located at the front of the building, and the back and front areas are paved and fenced for parking or equipment storage.
The lot includes alley access, and the property is described as one property in from Pikes Peak and a couple blocks east of Union, near Memorial Park, Downtown, and Highway 24. The Printer’s Park redevelopment project is noted as being just across Pikes Peak.
A 862 SF basement is framed to be finished and includes a toilet and shower already installed. The property is also described as potentially offering room to build an outbuilding.
The lot includes alley access, and the property is described as one property in from Pikes Peak and a couple blocks east of Union, near Memorial Park, Downtown, and Highway 24. The Printer’s Park redevelopment project is noted as being just across Pikes Peak.
A 862 SF basement is framed to be finished and includes a toilet and shower already installed. The property is also described as potentially offering room to build an outbuilding.
Key Highlights
- Turnkey office building with a fully fenced, fully paved 12,00‑SF MX‑L lot, front and back
- Main floor offers 1,258‑SF with three hard‑walled offices, conference space, lobby, and bathroom
- 862‑SF basement is framed for finishing with a toilet and shower already installed
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 | $31.8k | $15.00 |
| − Vacancy | −$4.0k | −$1.88 |
| EGI | $27.8k | $13.13 |
| − OpEx | −$7.0k | −$3.28 |
| NOI | $20.9k | $9.84 |
2,120 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$298.1K
$260.9K – $347.8K
NOI $20,869 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$418.7K
$366.3K – $488.5K
NOI $29,307 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,548
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey office building on a fully fenced, paved lot with parking and alley access.
Where is this office building located?
The property is located at 5 Swope Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Turnkey office building with a fully fenced, fully paved 12,00‑SF MX‑L lot, front and back; Main floor offers 1,258‑SF with three hard‑walled offices, conference space, lobby, and bathroom; 862‑SF basement is framed for finishing with a toilet and shower already installed
