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    5050 Edison Ave Colorado Springs, CO 80915

    For Sale
    $3,200,000

    Colorado Springs Office Complex - $3.2M

    Property size:
    37,516 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 37,516 square foot office building, located at 5050 Edison Avenue in Colorado Springs, CO 80915, presents a compelling owner/user investment opportunity. Priced at $3,200,000 ($85.30/sq ft), this Class D, multi-tenant property boasts 38 units within a single building constructed in 1973. The 2.63-acre lot features ample surface parking with 208 spaces, ensuring convenient access for tenants and visitors. The property benefits from a clean and professional environment, ideal for a variety of businesses. A shared community conference room adds value for all tenants. Its strategic location provides easy access to Shriever Space Force Base, Peterson Air Force Base, and Colorado Springs Airport. Key tenants currently include Sigmatech, Palski, AcuSkill, Choice Home Services, and Greenbacks & Associates. The property's APN is 6412302036 and is zoned PIP1 AO APZ2. This is a rare opportunity to acquire a well-located, multi-tenant office building in a thriving Colorado Springs market.

    Property Features for 5050 Edison Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    37,516 SF
    Class
    D
    Lot Size
    114,563 SF

    Building Details

    Year Built
    1973
    Buildings
    1
    Units
    38

    HighLights

    • 208 surface parking spaces providing ample parking.
    • Clean, professional environment ideal for various businesses.
    • Shared community conference room for tenant use.
    • Convenient location with easy access to Shriever Space Force Base, Peterson Air Force Base, and Colorado Springs Airport.
    • Strong tenant roster including Sigmatech, Palski, AcuSkill, Choice Home Services, and Greenbacks & Associates.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DB Accounting & Tax ... Bookkeeping Service Magdalena Oborski Photography Photographer Caraveo Counseling & Translation ... Hospital AcuSkill - Training and Testing ... Educational Testing Service KJCS Television Station

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    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
    -104.7341902
    Latitude
    38.8409395

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    FAQs

    What type of property is this?
    Office Property / Space - Colorado Springs Office Complex - $3.2M
    Where is this office property / space located?
    The property is located at 5050 Edison Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: 208 surface parking spaces providing ample parking.; Clean, professional environment ideal for various businesses.; Shared community conference room for tenant use.
    (719) 759-9935
    Request Owner's contact information
    5050 Edison Ave Colorado Springs, CO 80915
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    Colorado Springs, CO 80915
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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
    5050 Edison Ave Colorado Springs, CO 80915
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