Two-Story Office
For Sale
Contact for pricing
5055 Corporate Plaza Dr, Colorado Springs, CO 80919
Professional office property with on-site parking and convenient access to major roadways.
Property Size12,766 SF
Lot Size0.51 Acres
Price / SF$130.03
Days on Market206
Property Features for 5055 Corporate Plaza Dr
General Information
Standard status
Active
Size
12,766 SF
Class
D
Total Parking Spaces
40
Lot size
0.51 Acres
Property subtype
Office
Zoning
MX-M CU
Occupancy
50%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1984
Buildings
1
Stories
2
Tenancy
Multi
Building Size
12,766 SF
Parking Ratio
1.96 per 1,000 SF
Listing Agency:
Peak Commercial Properties
Listed By:
Jason Castro · License #ER.100092537
(719) 759-9935
Source:
Crexi
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 16 at 8:28AM
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 Peak Commercial Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office property contains 12,766 square feet, with approximately ±6,383 square feet on each floor. The building offers a functional configuration for professional services, technology firms, or corporate office users, supported by 40 on-site parking spaces and a 1.96 spaces-per-1,000-square-foot parking ratio.
The property occupies a 22,288-square-foot lot, or approximately 0.51 acres, at 5055 Corporate Plaza Drive in Colorado Springs. Its position within an established commercial corridor provides access to major roadways and places the building within a professional commercial setting.
The property occupies a 22,288-square-foot lot, or approximately 0.51 acres, at 5055 Corporate Plaza Drive in Colorado Springs. Its position within an established commercial corridor provides access to major roadways and places the building within a professional commercial setting.
Key Highlights
- 12,766‑square‑foot two‑story office building
- Approximately ±6,383 square feet per floor
- 22,288‑square‑foot lot, approximately 0.51 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,665
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,300
$2.5M
Cap Rate 7%
$1,795,214
$1.8M
Cap Rate 9%
$1,396,278
$1.4M
Market Conditions
NOI Build-Up for 12,766 SF
Gross rent
$191.5K $15.00/SF
− Vacancy
−$23.9K −$1.88/SF
EGI
$167.6K $13.13/SF
− OpEx
−$41.9K −$3.28/SF
NOI
$125.7K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,300
Cap Rate 7%
$1,795,214
Cap Rate 9%
$1,396,278
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.09M
NOI $125,665 @ 7.0% cap · market cap 7.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.52M
$2.21M – $2.94M
NOI $176,477 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 80919, CO
28,909
Population
12,033
Households
2.4
Avg Household Size
43
Median Age
62%
College-Educated
98%
High-School Grad
27.4 sq mi
ZIP Area
1,055
Density / Sq Mi
$116,316
Median Household Income
$60,084
Median Earnings
$1,800
Median Rent
$570,200
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 building - Professional office property with on-site parking and convenient access to major roadways.
Where is this office building located?
The property is located at 5055 Corporate Plaza Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,660,000.
What are key features of this property?
This property features: 12,766‑square‑foot two‑story office building; Approximately ±6,383 square feet per floor; 22,288‑square‑foot lot, approximately 0.51 acres
