Historic Two-Building Office
New
For Sale
Contact for pricing
702 E BOULDER ST, Colorado Springs, CO 80903
Historic office buildings with front porches and 13 off-street spaces at the E. Boulder and N. El Paso corner.
Property Size6,033 SF
Price / SF$244.49
Days on Market5
Property Features for 702 E BOULDER ST
General Information
Standard status
Active
Size
6,033 SF
Total Parking Spaces
13
Property subtype
Office, Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
front porches
mature landscaping
green space
walking trails
outdoor recreation
Building Details
Year Built
1910
Buildings
2
Construction
Foursquare and Victorian
Listing Agency:
Sierra Commercial Real Estate
Listed By:
Brian Wagner · License #CO FA.040023748
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 30 at 5:37AM
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 Sierra Commercial Real Estate
Investment Insights
Based on property information with market context.
702 E. Boulder St and 704 E. Boulder St offer a two-building office portfolio in Colorado Springs, presented as converted historic office properties with Foursquare and Victorian character. The buildings feature inviting front porches, mature landscaping, green space, and the architectural details typical of historic structures, creating a distinctive and professional setting for employees and clients. The combined property size is 6,033 SF, and the buildings were originally built in 1910.
The portfolio is located at the corner of E. Boulder Street and N. El Paso Street, just east of Downtown Colorado Springs, with adjacency to Mid Shooks Run Park and direct access to walking trails and outdoor recreation. Off-street parking includes 13 spaces, supporting convenient access for staff and visitors in a central office location. Tenants and visitors also have quick access to Downtown Colorado Springs and I-25, along with nearby restaurants, coffee shops, and professional services.
The flexible, professional layouts make the portfolio well suited for a range of office users, including an owner-user, an investor, or a combination of both.
The portfolio is located at the corner of E. Boulder Street and N. El Paso Street, just east of Downtown Colorado Springs, with adjacency to Mid Shooks Run Park and direct access to walking trails and outdoor recreation. Off-street parking includes 13 spaces, supporting convenient access for staff and visitors in a central office location. Tenants and visitors also have quick access to Downtown Colorado Springs and I-25, along with nearby restaurants, coffee shops, and professional services.
The flexible, professional layouts make the portfolio well suited for a range of office users, including an owner-user, an investor, or a combination of both.
Key Highlights
- Two‑building office portfolio at 702 and 704 E. Boulder St
- Converted historic Foursquare and Victorian office buildings
- Front porches, mature landscaping, and green space
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 | $90.5k | $15.00 |
| − Vacancy | −$11.3k | −$1.88 |
| EGI | $79.2k | $13.13 |
| − OpEx | −$19.8k | −$3.28 |
| NOI | $59.4k | $9.84 |
6,033 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$848.4K
$742.3K – $989.8K
NOI $59,387 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,400 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
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 - Historic office buildings with front porches and 13 off-street spaces at the E. Boulder and N. El Paso corner.
Where is this office building located?
The property is located at 702 E BOULDER ST Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Two‑building office portfolio at 702 and 704 E. Boulder St; Converted historic Foursquare and Victorian office buildings; Front porches, mature landscaping, and green space
