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    223 Wahsatch Ave Colorado Springs, CO 80903

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    8,900 SF Office, Flexible Lease Terms

    Property size:
    8,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional two-story office building, situated at 223 N Wahsatch Ave in Colorado Springs, CO 80903, presents a unique investment opportunity. Built in 1967, the property boasts a total of 8,900 square feet across a single building, situated on a 9,000 square foot lot. Currently, the occupancy rate is 14%, offering significant potential for growth and income generation. The property is zoned C-6, allowing for a variety of commercial uses. The building offers flexible lease terms, with spaces ranging from 280 square feet to 7,640 square feet immediately available. This makes it ideal for a variety of tenants, from small startups to larger established businesses. Convenient onsite parking is a key feature, enhancing the appeal for employees and clients alike. The location is highly desirable, offering easy access to all downtown amenities while being just outside the core of the city. The property also offers the opportunity for building signage, providing excellent visibility and branding potential. This is a rare chance to acquire a well-located, adaptable office building with significant upside potential in a thriving Colorado Springs market. The property's multi-tenant capacity allows for diverse income streams and a strong return on investment. Don't miss this opportunity to own a piece of Colorado Springs' vibrant commercial landscape.

    Property Features for 223 Wahsatch Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    8,900 SF

    Building Details

    Year Built
    1967
    Buildings
    1
    Stories
    2

    HighLights

    • 8,900 square foot traditional office building in Colorado Springs, CO.
    • Modified lease terms available for multi‑tenant occupancy.
    • 14% occupancy rate.
    • Built in 1967, two‑story building on a 9,000 square foot lot.
    • C‑6 zoning.
    • Located at 223 N Wahsatch Ave, Colorado Springs, CO 80903.
    Property Profile Location Intelligence

    Current Use by Public Records

    REALOUTDOORSMAN RECORDINGS Recording Studio Rasolkhani-Kal Tasha M Psychologist THEATREdART Theater Company Christine Burcham, LPC Counselor Adult/Youth Counseling Services: ... Family Counselor

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Law Firm Building Supply Clothing Store Gym & Fitness

    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
    -104.817451
    Latitude
    38.8374024

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    FAQs

    What type of property is this?
    Office Property / Space - 8,900 SF Office, Flexible Lease Terms
    Where is this office property / space located?
    The property is located at 223 Wahsatch Ave Colorado Springs, CO.
    What are key features of this property?
    This property features: 8,900 square foot traditional office building in Colorado Springs, CO.; Modified lease terms available for multi-tenant occupancy.; 14% occupancy rate.
    Request Owner's contact information
    223 Wahsatch Ave Colorado Springs, CO 80903
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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
    223 Wahsatch Ave Colorado Springs, CO 80903
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