High-Class Office Building For
For Sale
Contact for pricing
5110 Edison Ave, Colorado Springs, CO
42,484 SF office building suitable for owner-user or investor.
Property Size42,484 SF
Lot Size3.26 Acres
Price / SF$160.04
Days on Market619
Property Features for 5110 Edison Ave
General Information
Standard status
Active
Size
42,484 SF
Lot size
3.26 Acres
Property subtype
LAND
Listing Agency:
Thrive Commercial Partners
(719) 535-0500
Listed By:
Helen Cameron · License #CO-040041260
(719) 535-0500
Source:
Moodyscre
Added: Dec 11, 2024
Changed: Aug 8
Last Checked: May 20 at 9:06PM
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 Thrive Commercial Partners
Investment Insights
Based on property information with market context.
This is a 42,484 square foot, high-class office building. The property is located in Colorado Springs, Colorado. The building is partially occupied by Farm Credit of Southern Colorado and Sev1Tech, a DOD tenant occupying 10,000 square feet. The property is suitable for an owner-user looking for in-place stable income or an investor looking to create additional value through lease up. There are 112 total parking spaces available.
Key Highlights
- High‑class, beautifully finished office building.
- Located in the 2nd best economy in the US.
- 40,000 SF building suitable for owner‑user or investor.
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
$418,202
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
6.15%
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%
$8,364,040
$8.4M
Cap Rate 7%
$5,974,314
$6.0M
Cap Rate 9%
$4,646,689
$4.6M
Market Conditions
NOI Build-Up for 42,484 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
$637.3K $15.00/SF
− Vacancy
−$79.7K −$1.88/SF
EGI
$557.6K $13.13/SF
− OpEx
−$139.4K −$3.28/SF
NOI
$418.2K $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%
$8,364,040
Cap Rate 7%
$5,974,314
Cap Rate 9%
$4,646,689
Alternative Uses
Best Use
Office B
$5.97M
$5.23M – $6.97M
NOI $418,202 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.39M
$7.34M – $9.79M
NOI $587,299 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
Explore this area
Business Placement
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 - 42,484 SF office building suitable for owner-user or investor.
Where is this office building located?
The property is located at 5110 Edison Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $6,799,000.
What are key features of this property?
This property features: High‑class, beautifully finished office building.; Located in the 2nd best economy in the US.; 40,000 SF building suitable for owner‑user or investor.
