5875 Lehman Dr, Colorado Springs, CO 80918
Two-story office building with flexible lease terms and ample parking.
- Added:
- Dec 5, 2022
- Days on Market:
- 1290
- Last Refresh:
- May 13 at 8:13 pm
Property Features for 5875 Lehman Dr
General Information
- Standard status
- Active
- Size
- 6,520 SF
- Property subtype
- Office
Listing agent Holly Trinidad License #CO ER.100022369
Listing office Hoff & Leigh Colorado Springs
Listing date Dec 5, 2022
Source Crexi
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 Hoff & Leigh Colorado Springs
HighLights
- Ideal for owner/user seeking office space.
- 6,520 RSF across two levels.
- Flexible lease terms allow owner/user to occupy most of the building.
- Current owner can lease back 1,600 RSF at market rate.
- Centrally located with easy access to Academy and Woodman, near retail and restaurants.
- Generates approximately $57,000 Net income.
Overview
Local 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 | $143.2k | $21.96 |
| − Vacancy | −$14.9k | −$2.28 |
| EGI | $128.3k | $19.68 |
| − OpEx | −$32.1k | −$4.92 |
| NOI | $96.2k | $14.76 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.7874263
- Latitude
- 38.9172338
