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    1765 8Th St Colorado Springs, CO 80905

    Sponsored
    For Sale
    $1,150,000

    Colorado Springs Office Building - Owner/User Opportunity

    Property size:
    9,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Colorado Springs office building, located at 1765 S 8th St, presents a unique owner-user investment opportunity. The 9,600 square foot, two-story building, constructed in 1973, is classified as Class C and zoned C5. Currently, the building boasts a 50% occupancy rate, with a seasoned tenant occupying the entire ground floor, generating nearly $5,000 in monthly rental income. This income stream can significantly offset mortgage payments. The upper floor is entirely vacant, providing immediate space for an owner-occupant or additional leasing potential. The property features ample parking and two common area restrooms on each floor. The building is well-suited for various office configurations, including executive, medical, and traditional office uses. A recent appraisal supports the asking price of $1,150,000 ($119.79/sq ft). This property is ideally suited for those seeking SBA financing options. The building's multi-tenant capacity and existing income stream make it an attractive investment with significant upside potential. The property is for sale by owner.

    Property Features for 1765 8Th St

    General Information

    Property type
    Medical offices
    Square Feet
    9,600 SF
    Class
    C

    Building Details

    Year Built
    1973
    Buildings
    1
    Stories
    2

    HighLights

    • Owner‑user opportunity in Colorado Springs; 9,600 sq ft, two‑story Class C building.
    • 50% occupancy with $5,000/month in rental income from ground floor tenant.
    • Upper floor vacant, ideal for owner‑occupant or additional leasing.
    • Ample parking and two restrooms per floor.
    • Appraised at $1,150,000 ($119.79/sq ft), SBA financing options available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Frank W Gundy ... Insurance Agency KGHB TV Univision ... Television Station Holt Realty Real Estate Agency Pinnacle Land Surveying ... Surveyor FCI & Associates, Inc. Fire Alarm Supplier

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -104.84054952236
    Latitude
    38.806455158213

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    FAQs

    What type of property is this?
    Medical office - Colorado Springs Office Building - Owner/User Opportunity
    Where is this medical office located?
    The property is located at 1765 8Th St Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: Owner-user opportunity in Colorado Springs; 9,600 sq ft, two-story Class C building.; 50% occupancy with $5,000/month in rental income from ground floor tenant.; Upper floor vacant, ideal for owner-occupant or additional leasing.
    Request Owner's contact information
    1765 8Th St Colorado Springs, CO 80905
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    Colorado Springs, CO 80905
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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
    1765 8Th St Colorado Springs, CO 80905
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