Medical/Office Building in Downtown
For Sale
$1,575,000
715 N Weber St, Colorado Springs, CO 80903
Well-maintained medical/office building with operating room and parking.
Property Size7,000 SF
Price / SF$225
Days on Market196
Property Features for 715 N Weber St
General Information
Standard status
Active
Size
7,000 SF
Class
B
Property subtype
Office - Medical Office
Building Details
Building Size
7,000 SF
Year Built
1980
Listing Agency:
Thrive Commercial Partners
Listed By:
Annkelly Cameron · License #FA.100096341
(719) 530-4400
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 5 at 3:40PM
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 Thrive Commercial Partners
Investment Insights
Based on property information with market context.
This is a medical/office building located on the northside of downtown Colorado Springs. The property features a large lobby and reception area, along with a break room. It contains four exam rooms and a JCAHO-approved operating room. Storage rooms are also present. A parking lot is accessible from the back alley way. The building offers close access to the heart of downtown and I-25. The property size is 7000 square feet.
Key Highlights
- JCAHO approved operating room
- Desirable northside downtown location with close access to downtown and I‑25
- Well‑maintained medical/office building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,826
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,576,520
$1.6M
Cap Rate 7%
$1,126,086
$1.1M
Cap Rate 9%
$875,844
$875.8K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$142.8K $20.40/SF
− Vacancy
−$11.4K −$1.63/SF
EGI
$131.4K $18.77/SF
− OpEx
−$52.6K −$7.51/SF
NOI
$78.8K $11.26/SF
Area
Colorado Springs, CO
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,576,520
Cap Rate 7%
$1,126,086
Cap Rate 9%
$875,844
Alternative Uses
Best Use
Healthcare Medical
$1.13M
$985.3K – $1.31M
NOI $78,826 @ 7.0% cap · market cap 5.00%
Second Best
Office B
$984.4K
$861.3K – $1.15M
NOI $68,906 @ 7.0% cap · market cap 4.37%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,768 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 80903, CO
15,944
Population
8,340
Households
1.9
Avg Household Size
34
Median Age
39%
College-Educated
95%
High-School Grad
5.4 sq mi
ZIP Area
2,953
Density / Sq Mi
$59,292
Median Household Income
$35,251
Median Earnings
$1,221
Median Rent
$420,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Colorado Springs, CO
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained medical/office building with operating room and parking.
Where is this medical office space located?
The property is located at 715 N Weber St Colorado Springs, CO.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: JCAHO approved operating room; Desirable northside downtown location with close access to downtown and I‑25; Well‑maintained medical/office building
