Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5475 Tech Center Dr Colorado Springs, CO 80919

    Sponsored
    For Lease
    $17 SF/Yr

    Class A Office Suites, Colorado Springs

    Lot size:
    53,901 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    425
    Tech Center V offers exceptional Class A office space in the heart of Colorado Springs' Tech Center Office Park. This highly visible, three-story building boasts a total of 53,901 square feet and is currently offering multiple tenancy options ranging from 979 to 5,671 square feet. The building is a prominent landmark, enjoying unparalleled visibility from Interstate 25, making it an ideal location for businesses seeking high brand recognition. Amenities include a generous parking ratio of 3.5 spaces per 1,000 square feet, with covered parking available for added convenience. Recently renovated common areas enhance the professional atmosphere. Its central location provides easy access to all areas of the city, ensuring convenient commutes for employees and clients alike. The building's competitive lease rates make it a compelling option for businesses of all sizes seeking a prestigious and functional workspace in a thriving Colorado Springs location. This single building property offers a unique opportunity to establish a strong presence in a highly sought-after area. Contact us today to learn more about available spaces and lease terms.

    Property Features for 5475 Tech Center Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,901 SF
    Class
    A
    Total Rate
    76359.75

    Building Details

    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 5475 Tech Center Dr, Colorado Springs, CO 80919 Contact us
    Unit Suite 100

    $18 /Mo

    Size
    5,671 SF
    Contact us
    Unit Suite 110

    $18 /Mo

    Size
    5,029 SF
    Contact us
    Unit Suite 245

    $18 /Mo

    Size
    979 SF
    Contact us

    We can help!

    Listing Contact
    Michael P. Palmer

    Learn more

    Property Insight Report

    HighLights

    • Class A, 53,901 SF office building in Colorado Springs Tech Center.
    • Three available suites ranging from 979 SF to 5,671 SF.
    • 3.5:1,000 parking ratio with covered parking available.
    • Newly renovated common areas.
    • High‑profile landmark building with excellent I‑25 visibility.
    • Centrally located with convenient access to all areas of Colorado Springs.
    Property Profile Location Intelligence

    Current Use by Public Records

    SecurityNational Mortgage Company Loan Service Val Ross-Coy, Realtor ... Real Estate Agency Barry Cavanaugh Real Estate Agency Webster University Colorado ... College Lisa Yens - ERA ... Real Estate Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    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
    -104.8250785
    Latitude
    38.9106192

    Nearby Similar for Lease

    • $15 SF/Yr
      22,551 SF

      Turn-Key Ready Office Facility

      Recently renovated office suites with modern amenities and furniture included.
      2221 E Bijou St, Colorado Springs, CO 80909
      View Details
    • $13 SF/Yr
      84,750 SF

      New Industrial Development For Lease

      New industrial and retail development in Colorado Springs.
      8470 Launch Pt, Colorado Springs, CO
      View Details
    • Contact for pricing
      3,479 SF

      Colorado Springs Single-Tenant Automotive Property

      Single-tenant automotive property available for lease in Colorado Springs.
      719 South Sierra Madre St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      1,920 SF

      Colorado Springs Retail Space Lease

      Retail space available for lease in Colorado Springs, Colorado.
      4320 Barnes Rd, Colorado Springs, CO 80917
      View Details
    • $14 SF/Yr
      15,249 SF

      Versatile Commercial Spaces For Lease

      Exceptional commercial spaces available for lease in two well-maintained buildings.
      5775 N Union Blvd, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      16,426 SF

      Colorado Springs Industrial Space Available

      Industrial property available for lease in Colorado Springs, Colorado.
      1440 Pando Ave, Colorado Springs, CO 80905
      View Details
    • $22 SF/Yr
      1,203 SF

      High-Traffic Retail Endcap Space

      Retail space in a high-traffic shopping center.
      1157-1237 N Circle Dr, Colorado Springs, CO 80909
      View Details
    • $16 SF/Yr
      4,200 SF

      Creative Office Space on Colorado

      Modern office space with creative design and walkable amenities.
      508-512 W Colorado Ave, Colorado Springs, CO 80903
      View Details
    • $12 SF/Yr
      2,600 SF

      Warehouse/Office Units Near Powers Blvd

      Clean warehouse/office units available for lease with quick access.
      759-765 Seedling Ct, Colorado Springs, CO
      View Details
    • $12 SF/Yr
      9,000 SF

      Versatile Commercial Spaces For Lease

      Exceptional commercial spaces available for lease in Colorado Springs.
      5775 N Union Blvd, Colorado Springs, CO 80918
      View Details
    • $18 SF/Yr
      20,170 SF

      Technology Court Office Space Available

      High-quality office space in Patriot Park business park.
      980 Technology Ct, Colorado Springs, CO 80915
      View Details
    • $1,650,000
      6,482 SF

      Industrial Building with Highway Visibility

      6,482 SF industrial/office building with ample outdoor storage.
      2264 Naegele Rd, Colorado Springs, CO 80904
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Suites, Colorado Springs
    Where is this office property / space located?
    The property is located at 5475 Tech Center Dr Colorado Springs, CO.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A, 53,901 SF office building in Colorado Springs Tech Center.; Three available suites ranging from 979 SF to 5,671 SF.; 3.5:1,000 parking ratio with covered parking available.
    Request Owner's contact information
    5475 Tech Center Dr Colorado Springs, CO 80919
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5475 Tech Center Dr
    Colorado Springs, CO 80919
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5475 Tech Center Dr Colorado Springs, CO 80919
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michael P. Palmer
    Learn more
    Google sign-in failed. Please try again or use another login method.