Office Building with Skylit
For Sale
Contact for pricing
885 Elkton Dr, Colorado Springs, CO 80907
Well-appointed office space with skylights, open areas, and conference rooms for collaborative teams.
Property Size16,367 SF
Price / SF$302.63
Days on Market53
Property Features for 885 Elkton Dr
General Information
Standard status
Active
Size
16,367 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Highland, LLC
(719) 338-4555
Listed By:
Michael Suggs · License #FA40035343
(719) 338-4555
Source:
Moodyscre
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 30 at 2:31PM
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 NAI Highland, LLC
Investment Insights
Based on property information with market context.
This office property features glass elements and skylit interiors designed to support a bright, open work environment. The layout includes open areas and two conference rooms for meetings and client discussions, along with an exceptional kitchen or break area to support day-to-day office use.
The property is offered for sale and is positioned in a highly desirable location, with limited land in the area for development based on the information provided.
For buyers seeking an office building with functional amenities, the combination of conference space, dedicated break facilities, and a layout built around open areas can support a range of professional office tenants. The presence of skylights and glass elements also adds to the workday environment, while the limited development context may be relevant for buyers evaluating the overall site setting.
The property is offered for sale and is positioned in a highly desirable location, with limited land in the area for development based on the information provided.
For buyers seeking an office building with functional amenities, the combination of conference space, dedicated break facilities, and a layout built around open areas can support a range of professional office tenants. The presence of skylights and glass elements also adds to the workday environment, while the limited development context may be relevant for buyers evaluating the overall site setting.
Key Highlights
- Office space features glass elements and well‑appointed interiors
- Includes two conference rooms for meetings and collaboration
- Exceptional kitchen/break area for staff use
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 | $245.5k | $15.00 |
| − Vacancy | −$30.7k | −$1.88 |
| EGI | $214.8k | $13.13 |
| − OpEx | −$53.7k | −$3.28 |
| NOI | $161.1k | $9.84 |
16,367 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.30M
$2.01M – $2.69M
NOI $161,113 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.23M
$2.83M – $3.77M
NOI $226,257 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,124
Businesses Nearby
Explore this area
Business Placement
Demographics for 80907, CO
28,806
Population
13,250
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
93%
High-School Grad
9.8 sq mi
ZIP Area
2,939
Density / Sq Mi
$71,393
Median Household Income
$41,355
Median Earnings
$1,392
Median Rent
$371,200
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 - Well-appointed office space with skylights, open areas, and conference rooms for collaborative teams.
Where is this office building located?
The property is located at 885 Elkton Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $4,953,100.
What are key features of this property?
This property features: Office space features glass elements and well‑appointed interiors; Includes two conference rooms for meetings and collaboration; Exceptional kitchen/break area for staff use
