Medical Office with Treatment
New
For Sale
Contact for pricing
703 N Cascade Ave, Colorado Springs, CO 80903
Multiple clinical rooms with sinks and cabinetry are complemented by reception and supporting office areas.
Property Size1,464 SF
Price / SF$307.38
Days on Market5
Property Features for 703 N Cascade Ave
General Information
Standard status
Active
Size
1,464 SF
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown
Highway Access
Yes
Additional Details
Asking Price
$450,000
Property Use
Medical and Dental Office
Building Details
Building Size
1,464 SF
Listing Agency:
Olive Real Estate Partners, Inc.
(719) 598-3000
Listed By:
Jeremy Shirley · License #Co FA.100067771
(719) 244-5182
Source:
Moodyscre
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:41PM
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 Olive Real Estate Partners, Inc.
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Investment Insights
Based on property information with market context.
At 703 N Cascade Avenue, this 1,464-square-foot medical office includes several treatment rooms fitted with sinks and cabinetry. Reception and waiting space are accompanied by office, kitchen, restroom, and storage areas.
The property is north of downtown Colorado Springs, near Colorado College, Monument Valley Park, and Interstate 25.
The property is north of downtown Colorado Springs, near Colorado College, Monument Valley Park, and Interstate 25.
Key Highlights
- 1,464‑square‑foot medical office property
- Multiple treatment rooms have sinks and cabinetry
- Reception and waiting area with office, kitchen, restroom, and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,486
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,720
$329.7K
Cap Rate 7%
$235,514
$235.5K
Cap Rate 9%
$183,178
$183.2K
Market Conditions
NOI Build-Up for 1,464 SF
Gross rent
$29.9K $20.40/SF
− Vacancy
−$2.4K −$1.63/SF
EGI
$27.5K $18.77/SF
− OpEx
−$11.0K −$7.51/SF
NOI
$16.5K $11.26/SF
Area
Colorado Springs, CO
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$329,720
Cap Rate 7%
$235,514
Cap Rate 9%
$183,178
Alternative Uses
Best Use
Healthcare Medical
$235.5K
$206.1K – $274.8K
NOI $16,486 @ 7.0% cap · market cap 3.66%
Second Best
Office B
$205.9K
$180.1K – $240.2K
NOI $14,411 @ 7.0% cap · market cap 3.20%
Theoretical Best
Specialty Retail
$289.1K
$253.0K – $337.3K
NOI $20,238 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,251
Businesses Nearby
Under-served
Demand for This Use
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
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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?
Medical Office Space - Multiple clinical rooms with sinks and cabinetry are complemented by reception and supporting office areas.
Where is this medical office space located?
The property is located at 703 N Cascade Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1,464‑square‑foot medical office property; Multiple treatment rooms have sinks and cabinetry; Reception and waiting area with office, kitchen, restroom, and storage space
