Office
For Sale
Contact for pricing
888 Garden of the Gods Rd, Colorado Springs, CO 80907
Office building available for sale in Colorado Springs.
Property Size29,639 SF
Price / SF$118.09
Days on Market53
Property Features for 888 Garden of the Gods Rd
General Information
Standard status
Active
Size
29,639 SF
Class
B
Total Parking Spaces
131
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1979
Stories
2
Listing Agency:
Cushman & Wakefield Colorado Springs Commercial
Listed By:
Chris Myers · License #CO FA100053767
(719) 630-2277
Source:
Crexi
Added: Aug 19
Changed: Sep 30
Last Checked: Oct 9 at 7:44PM
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 Cushman & Wakefield Colorado Springs Commercial
Investment Insights
Based on property information with market context.
This office building contains 29,639 square feet of property area and is offered for sale. The property is located at 888 Garden of the Gods Rd in Colorado Springs, Colorado 80907.
Key Highlights
- 29,639 square feet of property area
- Located at 888 Garden of the Gods Rd, Colorado Springs, CO 80907
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$291,759
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,835,180
$5.8M
Cap Rate 7%
$4,167,986
$4.2M
Cap Rate 9%
$3,241,767
$3.2M
Market Conditions
NOI Build-Up for 29,639 SF
Gross rent
$444.6K $15.00/SF
− Vacancy
−$55.6K −$1.88/SF
EGI
$389.0K $13.13/SF
− OpEx
−$97.3K −$3.28/SF
NOI
$291.8K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,835,180
Cap Rate 7%
$4,167,986
Cap Rate 9%
$3,241,767
Alternative Uses
Best Use
Office B
$4.17M
$3.65M – $4.86M
NOI $291,759 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.85M
$5.12M – $6.83M
NOI $409,730 @ 7.0% cap · market cap 11.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
61
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Office building available for sale in Colorado Springs.
Where is this office building located?
The property is located at 888 Garden of the Gods Rd Colorado Springs, CO.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 29,639 square feet of property area; Located at 888 Garden of the Gods Rd, Colorado Springs, CO 80907
