Colorado Springs Office
For Sale
Contact for pricing
2120 Academy Cir, Colorado Springs, CO 80909
Office condo near the heart of Colorado Springs.
Property Size784 SF
Price / SF$318.88
Days on Market651
Property Features for 2120 Academy Cir
General Information
Standard status
Active
Size
784 SF
Property subtype
Office
Site & Location
Neighborhood
Villa Loma
Listing Agency:
Cushman & Wakefield Colorado Springs Commercial
Listed By:
Chris Myers · License #CO FA100053767
(719) 650-4627
Source:
Crexi
Added: Jan 17, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:39AM
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 Cushman & Wakefield Colorado Springs Commercial
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condo property, with a size of 784 square feet, is located near the heart of Colorado Springs. It features a private ground level entrance, multiple offices, a conference room, and a large reception area with a wet bar. This property is suitable for entrepreneurs and business owners seeking a comprehensive solution for their business.
Key Highlights
- Convenient location near the heart of Colorado Springs
- Private ground level entrance
- Multiple offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,718
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,360
$154.4K
Cap Rate 7%
$110,257
$110.3K
Cap Rate 9%
$85,756
$85.8K
Market Conditions
NOI Build-Up for 784 SF
Gross rent
$11.8K $15.00/SF
− Vacancy
−$1.5K −$1.88/SF
EGI
$10.3K $13.13/SF
− OpEx
−$2.6K −$3.28/SF
NOI
$7.7K $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%
$154,360
Cap Rate 7%
$110,257
Cap Rate 9%
$85,756
Alternative Uses
Best Use
Office B
$110.3K
$96.5K – $128.6K
NOI $7,718 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$154.8K
$135.5K – $180.6K
NOI $10,838 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
891
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 Office in Colorado Springs, CO
Frequently Asked Questions
What type of property is this?
Office unit - Office condo near the heart of Colorado Springs.
Where is this office unit located?
The property is located at 2120 Academy Cir Colorado Springs, CO.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Convenient location near the heart of Colorado Springs; Private ground level entrance; Multiple offices
