Property profile

3090 N Academy Blvd Colorado Springs, CO 80917

FOR SALE
Office buildings
Property ID
US13-1151218
6,422 SF 0.57 ac lot Built 1976
Entity Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story medical office building, located at 3090 North Academy Boulevard in Colorado Springs, Colorado, presents a compelling owner-user or investment opportunity. The 9,402 square foot building, constructed in 1973 and boasting numerous upgrades, sits on a 33,036 square foot lot and includes 48 parking spaces. The building features approximately 6,422 square feet on the main floor and 2,980 square feet on the lower level, each with its own separate access via south and west entrances. The structure is a combination of concrete block and wood frame with stucco and stone veneer. Interior finishes include painted drywall. The property benefits from high visibility due to monument signage from Academy Boulevard and its convenient location southwest of the intersection of North Academy Boulevard and Parkmoor Village Drive. The building's zoning is OC. A new roof was installed in November 2021. The lower level (2,980 SF) offers potential for a smaller tenant. This Class B property is listed at $1,395,000, resulting in a price per square foot of $159.54. The property consists of one building on one unit. This is an ideal opportunity for a medical practice seeking a prominent location with ample parking.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Construction WOOD FRAME
Total area 6,422 SF
Lot 0.57 ac (25,039 SF)
Zoning code OC
APN 6334104025
UPID US13-1151218

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

3090 N Academy Blvd Colorado Springs, CO 80917
Colorado Springs metro Census 104 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.04M
Comparable Approach Comparable
$844k
Blend (final) Blend
$295k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

OC · Colorado Springs, CO
Zoning description

B. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with a…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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