Mixed-Use Property with Flex
For Sale
Contact for pricing
902 N Circle Dr, Colorado Springs, CO 80909
Second-floor office tenants provide rental income alongside owner-occupied flex and industrial space on the first floor.
Property Size14,500 SF
Price / SF$127.93
Days on Market8
Property Features for 902 N Circle Dr
General Information
Standard status
Active
Size
14,500 SF
Property subtype
OFFICE
Building Details
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Impact Commercial Real Estate
(720) 608-4201
Listed By:
Heather Taylor · License #100027610
(720) 217-1315
Source:
Moodyscre
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 9:24PM
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 Impact Commercial Real Estate
Investment Insights
Based on property information with market context.
At 902 N Circle Dr in Colorado Springs, this 14,500-square-foot mixed-use property combines first-floor flex and industrial space with multiple small office tenants on the second floor. The owner currently occupies the lower-level space, which can be delivered vacant at closing; the office tenancy remains in place.
The existing tenant arrangement provides rental income from the upper floor, while the ground-level space offers a separate area for occupancy or continued tenancy. A rent roll is available to qualified buyers who execute an NDA.
The existing tenant arrangement provides rental income from the upper floor, while the ground-level space offers a separate area for occupancy or continued tenancy. A rent roll is available to qualified buyers who execute an NDA.
Key Highlights
- 14,500 square feet of mixed‑use space
- First‑floor flex and industrial area can be delivered vacant at closing
- Multiple small office tenants occupy the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$161,820
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,400
$3.2M
Cap Rate 7%
$2,311,714
$2.3M
Cap Rate 9%
$1,798,000
$1.8M
Market Conditions
NOI Build-Up for 14,500 SF
Gross rent
$278.4K $19.20/SF
− Vacancy
−$19.5K −$1.34/SF
EGI
$258.9K $17.86/SF
− OpEx
−$97.1K −$6.70/SF
NOI
$161.8K $11.16/SF
Area
Colorado Springs, CO
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,236,400
Cap Rate 7%
$2,311,714
Cap Rate 9%
$1,798,000
Alternative Uses
Best Use
Mixed Use
$2.31M
$2.02M – $2.70M
NOI $161,820 @ 7.0% cap · market cap 8.72%
Second Best
Flex RnD
$2.00M
$1.75M – $2.33M
NOI $139,679 @ 7.0% cap · market cap 7.53%
Theoretical Best
Specialty Retail
$2.86M
$2.51M – $3.34M
NOI $200,448 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,278
Businesses Nearby
Explore this area
Business Placement
Demographics for 80909, CO
37,302
Population
16,572
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,722
Density / Sq Mi
$61,777
Median Household Income
$36,894
Median Earnings
$1,227
Median Rent
$352,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Second-floor office tenants provide rental income alongside owner-occupied flex and industrial space on the first floor.
Where is this mixed-use property located?
The property is located at 902 N Circle Dr Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,855,000.
What are key features of this property?
This property features: 14,500 square feet of mixed‑use space; First‑floor flex and industrial area can be delivered vacant at closing; Multiple small office tenants occupy the second floor
