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 Market561
Property Features for 2120 Academy Cir
General Information
Standard status
Active
Size
784 SF
Property subtype
Office
Listing Agency:
Cushman & Wakefield Colorado Springs Commercial
(719) 649-7292
Listed By:
Chris Myers · License #CO FA100053767
Source:
Crexi
Added: Jan 17, 2025
Changed: Jul 6
Last Checked: Jul 31 at 3:08PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.8k | $15.00 |
| − Vacancy | −$1.5k | −$1.88 |
| EGI | $10.3k | $13.13 |
| − OpEx | −$2.6k | −$3.28 |
| NOI | $7.7k | $9.84 |
784 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
903
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
Market
Vacancy Rate% for Office in Colorado Springs, CO
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office condo near the heart of Colorado Springs.
Where is this office units 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
