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    2175 N Academy Blvd Colorado Springs, CO 80909

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    For Lease
    Contact for pricing

    Meticulously maintained office building with all-inclusive leases and prime location.

    Type:Office
    Added:
    Aug 19, 2020
    Days on Market:
    2052
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 2175 N Academy Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 2175 N Academy Blvd Contact us

    suite 201-3 $1.65 /Mo

    Size
    300 SF
    Type
    Office
    Top floor office in a professional building. Includes conference room, semi-private,...
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    Contact us

    Suite 200-5 $2 /Mo

    Size
    75 SF
    Type
    Office
    Full-time dedicated desk in co-working area. Bring in your own 2-drawer locking file...
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    Well-Being Studio $13 /Mo

    Size
    600 SF
    Type
    Office
    Well-being studio ideal for quiet type of services. This space fosters a sense of...
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    suite 200-1 $15 /Mo

    Size
    395 SF
    Type
    Office
    This desirable exterior office on the top floor features bright light streaming in...
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    Suite 200-4 $7 /Mo

    Size
    400 SF
    Type
    Office
    This spacious, flex-time, private use office on the top floor features bright light...
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    Suite 8 $1.20 /Mo

    Size
    125 SF
    Type
    Office
    Part-time furnished office. Includes your company name on the office door and building...
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    We can help!

    Listing Contact
    Leslie Stevens (714) 343-6401

    Listing agent Leslie Stevens (714) 343-6401 License #CO

    Listing office Eclipse Properties

    Listing date Aug 19, 2020

    Source Crexi

    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 Eclipse Properties

    Overview

    Professional Office Building For Rent

    The Springs Office is a professional office building that is meticulously maintained and updated to provide a comfortable and functional workspace. The offices are competitively priced for long-term tenancy and offer 7 days a week access. The suites feature spacious and bright offices with ample natural light. Several suites include a private client waiting area, reception area, or private conference area. A kitchen is located in the building. The offices are full-service gross leases, which include all building expenses such as gas, electric, water, heating, air conditioning, trash container outside, snow removal, insurance, taxes, and common area cleaning. The Springs Office is located in a prime business district with easy access to major transportation routes. On-site parking, a conference room, and client waiting rooms are available.
    Location Intelligence

    Current Use by Public Records

    Ascension Garage Door ... Building Supply Software Factory Labs (Bike/Boat/Book/etc) Store David W Insurance ... Insurance Agency We Buy Houses Real Estate Agency Guild Mortgage - Henderson ... Loan Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    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
    -104.756416
    Latitude
    38.863186

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    FAQs

    What type of property is this?
    Office units - Meticulously maintained office building with all-inclusive leases and prime location.
    Where is this office units located?
    The property is located at 2175 N Academy Blvd Colorado Springs, CO.
    What are key features of this property?
    This property features: Full‑service "gross" leases include all building expenses.; Prime business district location with easy access to major transportation routes.; Meticulously maintained and updated building providing a comfortable and functional workspace.
    We can help!
    Listing Contact
    Leslie Stevens (714) 343-6401
    Real Estate License ID: CO
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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