Multi-Tenant Office
For Sale
Contact for pricing
5110 Edison Ave, Colorado Springs, CO 80915
For sale office building in Colorado Springs with 112 parking spaces and partial occupancy by Farm Credit and Sev1Tech.
Property Size42,484 SF
Price / SF$152.98
Days on Market929
Property Features for 5110 Edison Ave
General Information
Standard status
Active
Size
42,484 SF
Total Parking Spaces
112
Property subtype
OFFICE
Listing Agency:
Thrive Commercial Partners
(719) 530-4400
Listed By:
Helen Cameron · License #CO-040041260
(719) 535-0500
Source:
Moodyscre
Added: Feb 29, 2024
Changed: Sep 5
Last Checked: Sep 14 at 10:40AM
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 for-sale office building is attractively finished and currently owned and occupied in part. The property contains approximately 42,484 square feet and includes space occupied by Farm Credit of Southern Colorado, along with an additional 10,000 square feet leased to Sev1Tech.
The building offers 112 total parking spaces, supporting on-site access for employees and visitors. The property is located at 5110 Edison Ave in Colorado Springs, Colorado.
With multiple occupied segments already in place, the building is structured for an owner-user or an investor seeking income while pursuing additional leasing opportunities.
The building offers 112 total parking spaces, supporting on-site access for employees and visitors. The property is located at 5110 Edison Ave in Colorado Springs, Colorado.
With multiple occupied segments already in place, the building is structured for an owner-user or an investor seeking income while pursuing additional leasing opportunities.
Key Highlights
- 40,000 SF office building in Colorado Springs with partial occupancy by Farm Credit of Southern Colorado and Sev1Tech
- 10,000 SF occupied by DOD tenant Sev1Tech
- Currently owned and occupied (in part), offering in‑place tenant income
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
6.43%
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 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.39M
$7.34M – $9.79M
NOI $587,299 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
480
Businesses Nearby
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Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
Median Home Value
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Market
Vacancy Rate% for Office in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Office building - For sale office building in Colorado Springs with 112 parking spaces and partial occupancy by Farm Credit and Sev1Tech.
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 $6,499,000.
What are key features of this property?
This property features: 40,000 SF office building in Colorado Springs with partial occupancy by Farm Credit of Southern Colorado and Sev1Tech; 10,000 SF occupied by DOD tenant Sev1Tech; Currently owned and occupied (in part), offering in‑place tenant income
