You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $6,695,000
Life science properties

980 Elkton Dr Colorado Springs, CO 80907-3536

51,337 SF 4.35 ac lot Built 1994
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US13-0584260
Property summary
AI-generated overview

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 profile
Verified
Property type Life science properties
Use group R&D FACILITY, LABS, PHARMA
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 51,337 SF
Lot 4.35 ac (189,486 SF)
Zoning code PIP2 HS
APN 7324304012
UPID US13-0584260
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • American Medical Response Ambulance Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.70M
Owner & transaction history
Amr Colorado Springs LLC · 4 yrs held
Amr Colorado Springs LLC
since 2022
Last sale
$6.9M
2 recorded transactions
2022
$6.9M
2014
$4.6M
Zoning & alternative use
PIP2 HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $10.5M +541.5%
Restaurant $8.4M +413.5%
Apartment house (5+ units) $7.0M +325.1%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 980 Elkton Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message