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    707 Nevada Ave Colorado Springs, CO 80903

    For Lease
    $18 SF/Yr ($15,349 /Mo)

    Downtown El Paso Office Suites, Newly Remodeled

    Lot size:
    9,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    The Hallenbeck Building offers exceptional office space in a prime El Paso location. This two-story, 9,850 square foot building, constructed in 1960, boasts newly remodeled single office suites, perfect for individual professionals or a small business. Two units are currently available, ranging from 300 to 385 square feet each, offering flexibility for various needs. Both units feature new carpeting, paint, lighting, and ample electrical outlets, ensuring a modern and functional workspace. Tenants enjoy the convenience of private off-street parking in a rear lot, accessible via a private rear entrance. The building's C5 zoning provides versatility for a range of commercial uses. Situated on Nevada Avenue, the building benefits from its proximity to Colorado College, the Ed Robson Arena, and the vibrant downtown area, offering excellent visibility and accessibility. Furthermore, a planned façade renovation will significantly enhance the building's curb appeal. With 685 square feet currently vacant, this presents a unique opportunity to secure desirable office space in a thriving El Paso neighborhood. The building consists of one structure with a total of 9,850 square feet. The property's APN is 6407408014, located in El Paso County.

    Property Features for 707 Nevada Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,850 SF
    Total Rate
    15349.58

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 206
    Size
    385 SF
    Rate per SF
    $18
    Space
    Suite 208
    Size
    300 SF
    Rate per SF
    $28

    HighLights

    • Excellent location on Nevada Ave, near Colorado College and Ed Robson Arena, walking distance to downtown.
    • Newly remodeled single offices with new carpet, paint, and lighting.
    • Ample electrical outlets.
    • Private off‑street parking in rear lot.
    • Private rear entrance.
    • C5 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pikes Peak Citizens ... Non-Profit Organization

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -104.82104465298
    Latitude
    38.844207219177

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown El Paso Office Suites, Newly Remodeled
    Where is this office property / space located?
    The property is located at 707 Nevada Ave Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $18-$28 SF/Yr.
    What are key features of this property?
    This property features: Excellent location on Nevada Ave, near Colorado College and Ed Robson Arena, walking distance to downtown.; Newly remodeled single offices with new carpet, paint, and lighting.; Ample electrical outlets.
    Request Owner's contact information
    707 Nevada Ave Colorado Springs, CO 80903
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    Colorado Springs, CO 80903
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    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
    707 Nevada Ave Colorado Springs, CO 80903
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