Newly Constructed Office
For Sale
Contact for pricing
5030 Edison Avenue, Colorado Springs, CO 80915
Clean, modern office building near Peterson Air Force Base.
Property Size9,000 SF
Lot Size1.23 Acres
Price / SF$127.78
Days on Market3070
Property Features for 5030 Edison Avenue
General Information
Standard status
Active
Size
9,000 SF
Lot size
1.23 Acres
Property subtype
Office
Lease Type
NNN
Site & Location
Neighborhood
Rustic Hills
Listing Agency:
Hoff & Leigh Colorado Springs
Listed By:
Holly Trinidad · License #CO ER.100022369
(719) 337-0999
Source:
Crexi
Added: Jun 5, 2018
Changed: Oct 25
Last Checked: Oct 30 at 2:24PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a clean, newly constructed office building with 8,872 square feet of space, situated on 1.23 acres. The property is located in proximity to Peterson Air Force Base, near Platte and Powers. One half of the building is occupied by Sigmatech, a Department of Defense contractor. This presents an opportunity for a buyer to occupy the remaining half while collecting rent from the existing tenant, which can help offset costs. The annual taxes are $18,137, and the annual insurance is approximately $1,800.
Key Highlights
- Opportunity to occupy half of the building while collecting rent from existing tenant (Sigmatech, a DOD contractor) to offset costs.
- Significantly below replacement cost at $127.78 per square foot compared to the $150 per square foot replacement cost, offering immediate savings of $199,980.
- Newly constructed, clean office building with 8,872 square feet of space on a 1.23‑acre lot.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,594
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,771,880
$1.8M
Cap Rate 7%
$1,265,629
$1.3M
Cap Rate 9%
$984,378
$984.4K
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$135.0K $15.00/SF
− Vacancy
−$16.9K −$1.88/SF
EGI
$118.1K $13.13/SF
− OpEx
−$29.5K −$3.28/SF
NOI
$88.6K $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%
$1,771,880
Cap Rate 7%
$1,265,629
Cap Rate 9%
$984,378
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $88,594 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.07M
NOI $124,416 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 80915, CO
22,548
Population
9,434
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
94%
High-School Grad
7.9 sq mi
ZIP Area
2,854
Density / Sq Mi
$67,761
Median Household Income
$38,968
Median Earnings
$1,424
Median Rent
$328,200
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
Frequently Asked Questions
What type of property is this?
Office building - Clean, modern office building near Peterson Air Force Base.
Where is this office building located?
The property is located at 5030 Edison Avenue Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Opportunity to occupy half of the building while collecting rent from existing tenant (Sigmatech, a DOD contractor) to offset costs.; Significantly below replacement cost at $127.78 per square foot compared to the $150 per square foot replacement cost, offering immediate savings of $199,980.; Newly constructed, clean office building with 8,872 square feet of space on a 1.23‑acre lot.**
