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    Colorado Springs Office Condo Title is generated by Realmo AI

    955 E Colorado Ave, Colorado Springs, CO

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    Professional office condo in central Colorado Springs location.

    Type:OFFICE
    Property size:
    1,096 SF
    Lot size:
    0.02 Acres
    Price / SF:
    $182/SF
    Added:
    Aug 29, 2025
    Days on Market:
    280
    Last Refresh:
    May 20 at 9:09 pm

    Property Features for 955 E Colorado Ave

    General Information

    Standard status
    Active
    Size
    1,096 SF
    Lot size
    0.02 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 955 E Colorado Ave Contact us

    We can help!

    Listing Contact
    David Schroeder II
    David Schroeder II

    Listing agent David Schroeder II License #FA.100068961

    Listing office Cushman & Wakefield | Colorado Springs Commercial

    Listing date Aug 29, 2025

    Source Moodyscre

    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 Cushman & Wakefield | Colorado Springs Commercial

    HighLights

    • Central Colorado Springs location with immediate connectivity to medical and professional developments.
    • Minutes from Pikes Peak Avenue, providing quick access to downtown and major thoroughfares.
    • Versatile layout suitable for medical support services or traditional office use.
    • Features three hard‑wall offices, a dedicated conference room, and a welcoming reception area.
    • Includes a private restroom for added convenience.
    • Proximity to expanding medical and professional corridors.

    Overview

    This professional office condo is positioned in the heart of Colorado Springs, offering an efficient and versatile layout. The property is located just minutes from Pikes Peak Avenue, providing quick access to downtown, major thoroughfares, and nearby healthcare facilities. The 1096-square-foot suite features three hard-wall offices, a dedicated conference room, a welcoming reception area, and a storage space. A private restroom is included. This well-designed layout accommodates a variety of professional users, from medical support services to traditional office use. Its central location, strong visibility, and proximity to expanding medical and professional corridors make this property a unique opportunity to own office space in a growing area of the city.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $16.4k $15.00
    − Vacancy −$2.1k −$1.88
    EGI $14.4k $13.13
    − OpEx −$3.6k −$3.28
    NOI $10.8k $9.84
    1,096 SF · lease $15.00/SF/yr · vacancy 12.50% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $154.1K
    $134.9K – $179.8K (±1% cap)
    NOI $10,789 @ 7.0% cap · market cap 5.39%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $216.4K
    $189.4K – $252.5K (±1% cap)
    NOI $15,151 @ 7.0% cap · market cap 7.58%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    PIF DMO Building Supply Wyckoff & Associates Consultant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    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
    -104.841
    Latitude
    38.8344

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    FAQs

    What type of property is this?
    Office units - Professional office condo in central Colorado Springs location.
    Where is this office units located?
    The property is located at 955 E Colorado Ave Colorado Springs, CO.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Central Colorado Springs location with immediate connectivity to medical and professional developments.; Minutes from Pikes Peak Avenue, providing quick access to downtown and major thoroughfares.; Versatile layout suitable for medical support services or traditional office use.
    (719) 322-3078 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Schroeder II
    David Schroeder II
    Real Estate License ID: FA.100068961
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    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
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