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    555 Middle Creek Pkwy Colorado Springs, CO 80921

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    For Lease
    Contact for pricing

    Prime Office Building, Flexible Suites Available

    Lot size:
    180,218 SF

    Property Features for 555 Middle Creek Pkwy

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    180,218 SF
    Total Rate
    270327

    Building Details

    Year Built/Renovated
    1985/2018
    Stories
    5

    Spaces For Lease

    at 555 Middle Creek Pkwy, Colorado Springs, CO 80921 Contact us
    Unit Suite 250

    $18 /Mo

    Size
    6,113 SF
    Contact us
    Unit Suite 300

    $18 /Mo

    Size
    23,902 SF
    Contact us
    Unit Suite 400

    $18 /Mo

    Size
    24,132 SF
    Contact us
    Unit Suite 140

    $18 /Mo

    Size
    6,674 SF
    Contact us
    Unit Suite 200-A

    $24 /Mo

    Size
    14,841 SF
    Contact us
    Unit Suite 200-B

    $18 /Mo

    Size
    14,841 SF
    Contact us
    Unit Suite 320

    $18 /Mo

    Size
    6,113 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Alisa Hartleib
    Alisa Hartleib

    Listing Agency: Millennium Commercial Real Estate Listing Agent: Alisa Hartleib

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    555 Middle Creek Pkwy offers 180,218 square feet of premium office space in Colorado Springs, CO. This five-story building, constructed in 1985 and renovated in 2018, provides flexible suites ranging from 3,493 to 24,132 contiguous square feet, with a total of 67,612 square feet currently vacant. The property boasts a variety of office styles, including executive, creative, and traditional options, catering to diverse business needs. Tenants enjoy convenient access to an on-site café and a state-of-the-art fitness center. Its strategic location in the north Colorado Springs submarket offers proximity to major employment centers, premier retail destinations, and highly-rated schools. The building also provides ample parking with a ratio of 4.00 spaces per 1,000 square feet. Situated near the Santa Fe Trail, it appeals to outdoor enthusiasts while also benefiting from a strong demographic location, attracting talent from both Denver and Colorado Springs. The property is located in El Paso County, Colorado, with a zip code of 80921. This exceptional location offers an enviable commute for employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    lexisnexis Corporate Office View Mortgage - Mazzy ... Loan Service Confidence Financial Partners Financial Advisor Chris Abeyta Financial Advisor Northwestern Mutual - Colorado ... Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness 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
    -104.8185582
    Latitude
    39.007316

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    FAQs

    What type of property is this?
    Office units - Prime Office Building, Flexible Suites Available
    Where is this office units located?
    The property is located at 555 Middle Creek Pkwy Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $18-$24 SF/Yr.
    (719) 244-0062 Call to check price and availability
    Request Owner's contact information
    555 Middle Creek Pkwy Colorado Springs, CO 80921
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    Colorado Springs, CO 80921
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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
    555 Middle Creek Pkwy Colorado Springs, CO 80921
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alisa Hartleib
    Alisa Hartleib
    (719) 244-0062 (719) 660-2799
    Learn more
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