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    980 Elkton Dr Colorado Springs, CO 80907

    Sponsored
    For Lease
    $15 SF/Yr

    Colorado Springs Creative Office, 24,500 SF Available

    Lot size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A creative office building, located at 980 Elkton Dr in Colorado Springs, CO 80907, offers 50,000 total square feet on a 4.35-acre lot. Built in 1994, this single-story building features modern interior finishes and an open office landscape design, perfect for a variety of businesses. Currently, there is 24,500 square feet of vacant space available, with flexible options ranging from 4,600 to 17,572 square feet. The property boasts prominent monument and building signage, providing excellent visibility and branding opportunities. The building's design includes the unique feature of a lab space, catering to companies requiring specialized research or development areas. Furthermore, the adaptable layout allows for the addition of overhead doors, enhancing functionality and flexibility for various business needs. Situated in El Paso County, this property presents a compelling opportunity for businesses seeking a modern, well-located, and versatile office space. The property's multiple tenancy structure provides opportunities for diverse businesses to thrive within the same building.

    Property Features for 980 Elkton Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Class
    A
    Total Rate
    62500

    Building Details

    Year Built
    1994
    Stories
    1

    Unit(s) available at that property

    Space
    1st Floor
    Size
    17,572 SF
    Rate per SF
    $15
    Property Profile Location Intelligence

    Current Use by Public Records

    American Medical Response Ambulance Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.8456443
    Latitude
    38.9006515

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    FAQs

    What type of property is this?
    Office space - Colorado Springs Creative Office, 24,500 SF Available
    Where is this office space located?
    The property is located at 980 Elkton Dr Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    980 Elkton Dr Colorado Springs, CO 80907
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    Colorado Springs, CO 80907
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    980 Elkton Dr Colorado Springs, CO 80907
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