Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5875 Lehman Dr Colorado Springs, CO 80918

    For Sale
    $1,200,000

    6,520 SF Office Building, $1.2M

    Property size:
    6,520 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 6,520-square-foot executive office building in Colorado Springs, CO, presents a compelling investment opportunity. Located at 5875 Lehman Dr, 80918, this two-level building, constructed in 1982, offers significant upside potential for an owner-user. Currently generating approximately $57,000 in net annual income, the property features multiple small tenants with flexible lease terms, allowing a new owner to occupy a substantial portion of the space for their business. The current owner occupies roughly 1,600 square feet and can lease back at market rates. The building benefits from a central location with convenient access to major thoroughfares like Academy and Woodman, and proximity to ample retail, dining, and daytime shopping options. The property includes ample parking and is well-maintained, with all building systems in good working order. Note that one tenant is a medical marijuana dispensary. The asking price is $1,200,000, translating to $184.05 per square foot. This property offers a unique blend of income generation and owner-user flexibility in a desirable Colorado Springs location.

    Property Features for 5875 Lehman Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,520 SF

    HighLights

    • $1,200,000 asking price for this 6,520 square foot executive office building.
    • Located at 5875 Lehman Dr, Colorado Springs, CO 80918.
    • Building features two levels and offers flexible lease terms, ideal for owner‑users.
    • Currently generates approximately $57,000 net annual income; includes a medical marijuana dispensary tenant.
    • Ample parking and convenient location with easy access to major thoroughfares and nearby retail amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Feel State Medical ... Cannabis Store Ascent Financial Group Financial Institution Bianka Lizarraga Massage ... Massage Therapist Ascent Financial Financial Planner Naturaleaf North Cannabis Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -104.78729
    Latitude
    38.9172838

    Nearby Similar for Sale

    • $1,499,800
      0.16 Acres

      Modern Duplexes in Colorado Springs

      Move-in ready duplexes with finished basements and mountain views.
      145 Terrace Dr, Colorado Springs, CO 80906
      View Details
    • $999,900
      0.16 Acres

      Modern Duplex Near UCCS

      Side-by-side units with 4 beds, 4 baths, 2-car garage.
      4266 Orchid St, Colorado Springs, CO 80917
      View Details
    • $2,627,000
      0.19 Acres

      Downtown Haven Multifamily Opportunity

      Spacious rooms, private bathrooms, and entertainment near downtown attractions.
      6 Boulder Crescent St, Colorado Springs, CO 80903
      View Details
    • $540,000
      0.14 Acres

      Cozy Home with Modern ADU

      Charming home with a fully furnished, modern ADU.
      711 N Spruce St, Colorado Springs, CO 80905
      View Details
    • New
      $575,000
      0.22 Acres

      Colorado Springs Duplex Investment Opportunity

      Spacious duplex in desirable location with strong rental history.
      71 W Old Broadmoor Rd, Colorado Springs, CO 80906
      View Details
    • $775,000
      Pending

      Charming Remodeled Duplex Near Downtown

      Remodeled duplex in historic Old North End neighborhood.
      1401 N Tejon St, Colorado Springs, CO 80907
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - 6,520 SF Office Building, $1.2M
    Where is this office property / space located?
    The property is located at 5875 Lehman Dr Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for this 6,520 square foot executive office building.; Located at 5875 Lehman Dr, Colorado Springs, CO 80918.; Building features two levels and offers flexible lease terms, ideal for owner-users.
    (719) 630-2277
    Request Owner's contact information
    5875 Lehman Dr Colorado Springs, CO 80918
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5875 Lehman Dr
    Colorado Springs, CO 80918
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5875 Lehman Dr Colorado Springs, CO 80918
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.