Colorado Springs Office For
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3134 W Colorado Ave, Colorado Springs, CO 80904
2,640 SF office building for sale in Colorado Springs.
Property Size2,640 SF
Price / SF$302.65
Days on Market836
Property Features for 3134 W Colorado Ave
General Information
Standard status
Active
Size
2,640 SF
Class
B
Property subtype
Office
Zoning
MX-M
Lease Type
Modified Gross
Site & Location
Neighborhood
Old Colorado City
Building Details
Year Built
1995
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
NAI Highland, LLC
Listed By:
John Benson · License #CO FA.100088508
(719) 667-6872
Source:
Crexi
Added: Jul 20, 2024
Changed: Oct 26
Last Checked: Nov 1 at 5:46AM
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 NAI Highland, LLC
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Investment Insights
Based on property information with market context.
This commercial property, located in Colorado Springs, Colorado, is available for sale. The property offers 2,640 square feet of office space.
Key Highlights
- Built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,988
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,760
$519.8K
Cap Rate 7%
$371,257
$371.3K
Cap Rate 9%
$288,756
$288.8K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$39.6K $15.00/SF
− Vacancy
−$5.0K −$1.88/SF
EGI
$34.7K $13.13/SF
− OpEx
−$8.7K −$3.28/SF
NOI
$26.0K $9.84/SF
Area
Colorado Springs, CO
Vacancy
12.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,760
Cap Rate 7%
$371,257
Cap Rate 9%
$288,756
Alternative Uses
Best Use
Office B
$371.3K
$324.9K – $433.1K
NOI $25,988 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$521.4K
$456.2K – $608.3K
NOI $36,495 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
886
Businesses Nearby
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Business Placement
Demographics for 80904, CO
20,986
Population
11,578
Households
1.8
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
11.2 sq mi
ZIP Area
1,874
Density / Sq Mi
$69,566
Median Household Income
$44,494
Median Earnings
$1,417
Median Rent
$413,400
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
Frequently Asked Questions
What type of property is this?
Office building - 2,640 SF office building for sale in Colorado Springs.
Where is this office building located?
The property is located at 3134 W Colorado Ave Colorado Springs, CO.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Built in 1995
