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 Market160
Property Features for 5055 Corporate Plaza Dr
General Information
Standard status
Active
Size
12,766 SF
Total Parking Spaces
40
Lot size
0.51 Acres
Property subtype
OFFICE
Building Details
Buildings
1
Stories
2
Building Size
12,766 SF
Parking Ratio
1.96 per 1,000 SF
Listing Agency:
Peak Commercial Properties
(719) 227-9987
Listed By:
Jason Castro · License #ER.100092537
(719) 759-9935
Source:
Moodyscre
Added: Mar 27
Changed: Aug 29
Last Checked: Aug 29 at 4:46PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$125,665
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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 - 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
