Freestanding Professional Office
525 N Nevada Ave Colorado Springs, CO 80903
525 N Nevada Ave, Colorado Springs, CO, 80903
Contact for pricing
For Sale
Contact for pricing
Freestanding three-story office building totaling 3,216 square feet, with rear parking included and needs refreshing.
Property Size3,216 SF
Price / SF$194.34
Days on Market91
Property Features for 525 N Nevada Ave
General Information
- Standard status
- Active
- Size
- 3,216 SF
- Property subtype
- OFFICE
Listing agency
Hoff & Leigh
(719) 337-9551
Listed by
Tim Leigh · License #FA.040000557
(719) 337-9551
Source
Moodyscre
Added: Apr 22 Updated: Jul 20 at 8:59PM Checked: Jul 21 at 5:38AM
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
Investment Insights
Based on property information with market context.
525 N Nevada Ave is a freestanding professional office building configured over three floors and totaling 3,216 square feet. The property has historically served healthcare professionals, and the building requires some TLC, including paint and general refreshing.
The sale includes a large parking lot in the rear. The asset is described as generating approximately $45,000 in gross rent, with taxes around $8,000, estimated insurance near $4,000, and estimated annual utilities of roughly $6,000.
This is an estate sale offering, with confidential financial details available for private showings.
The sale includes a large parking lot in the rear. The asset is described as generating approximately $45,000 in gross rent, with taxes around $8,000, estimated insurance near $4,000, and estimated annual utilities of roughly $6,000.
This is an estate sale offering, with confidential financial details available for private showings.
Key Highlights
- Freestanding three‑story professional office building totaling 3,216 SF
- $625,000 asking price, stated as $195 per SF
- Generates around $45,000 in gross rent; taxes $8,000 and insurance estimated at $4,000
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 | $48.2k | $15.00 |
| − Vacancy | −$6.0k | −$1.88 |
| EGI | $42.2k | $13.13 |
| − OpEx | −$10.6k | −$3.28 |
| NOI | $31.7k | $9.84 |
3,216 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$452.3K
$395.7K – $527.6K
NOI $31,658 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$635.1K
$555.7K – $741.0K
NOI $44,458 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Micro Systems & Design
(Bike/Boat/Book/etc) Store
Leslie Kingman, PHD
Family Counselor
Colten Liz
Psychotherapist
Studio Kanta, LLC
Physician
Katrin Segeletz
Counselor
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FAQs
What type of property is this?
Office building - Freestanding three-story office building totaling 3,216 square feet, with rear parking included and needs refreshing.
Where is this office building located?
The property is located at 525 N Nevada Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Freestanding three‑story professional office building totaling 3,216 SF; $625,000 asking price, stated as $195 per SF; Generates around $45,000 in gross rent; taxes $8,000 and insurance estimated at $4,000
