5030 Edison Avenue, Colorado Springs, CO 80915
Clean, modern office building near Peterson Air Force Base.
- Added:
- Jun 5, 2018
- Days on Market:
- 2935
- Last Refresh:
- May 19 at 8:35 pm
Property Features for 5030 Edison Avenue
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Lot size
- 1.23 Acres
- Property subtype
- Office
Listing agent Holly Trinidad License #CO ER.100022369
Listing office Hoff & Leigh Colorado Springs (719) 630-2277
Listing date Jun 5, 2018
Source Crexi
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 Colorado Springs
HighLights
- Opportunity to occupy half of the building while collecting rent from existing tenant (Sigmatech, a DOD contractor) to offset costs.
- Significantly below replacement cost at $127.78 per square foot compared to the $150 per square foot replacement cost, offering immediate savings of $199,980.
- Newly constructed, clean office building with 8,872 square feet of space on a 1.23‑acre lot.
- Located near Peterson Air Force Base (Platte & Powers).
- Available for purchase at a discounted price of $1,150,000.
- Low annual insurance cost of approximately $1,800.
Overview
Local 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 | $135.0k | $15.00 |
| − Vacancy | −$16.9k | −$1.88 |
| EGI | $118.1k | $13.13 |
| − OpEx | −$29.5k | −$3.28 |
| NOI | $88.6k | $9.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.7342089
- Latitude
- 38.8401841
