Entity Owned 
For Lease
1 / 2
$12,475,000
9910 Federal Dr, Colorado Springs, CO 80921
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Property summary
AI-generated overview
9910 Federal Drive in Colorado Springs, CO offers a unique opportunity to lease exceptional Class A office space. This single, two-story building totals 77,495 square feet, with 17,745 square feet currently available for lease. Built in 2000, the property sits on a generous 13.7-acre lot within the highly desirable Interquest Business Park. Its PIP-1 zoning allows for a variety of uses. The building boasts a highly visible location, making it easily accessible and recognizable. Tenants will benefit from ample above-standard parking and the potential for prominent building signage. The strategic location provides easy access to both north Colorado Springs and the central business district (CBD), as well as a wide array of restaurants, hotels, and other supporting services. This property is priced competitively, below the average for comparable buildings along the I-25 corridor, making it an attractive option for businesses of all sizes seeking a prestigious and convenient location. The property's APN is 6220003007 and the zip code is 80921. This is a multi-tenant building.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
80,676 SF
Lot
6.78 ac (295,337 SF)
Zoning code
PIP1 HR
APN
6220003007
UPID
US13-1395846
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Corporate Office
-
Electric Utility Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.03M
Comparable Approach
Comparable
$16.57M
Blend (final)
Blend
$12.48M
Owner & transaction history
since 2017
7 recorded transactions
Zoning & alternative use
PIP1 HR · Colorado Springs, CO
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$12.48M
Value range
$11.23M – $13.72M
±10% around blend
Estimated value / SF
$155 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$11.23M
blend $12.48M
$13.72M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
80,676 SF
Lot area
6.78 ac
Year built
2000
Stories
2
APN
6220003007
Zoning
PIP1 HR
Assessed value
$3,647,240
Annual tax
$227,746
3
Income approach: direct capitalization
Partial preview
Income approach indication
$13.03M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$14.12M
@ 6.5% CAP return
$13.03M
@ 7% CAP return
$12.10M
4
Sales comparison
Partial preview
Sales approach indication
$16.57M
Range $16.57M – $26.08M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$12.48M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 17 sales
$263
-41%
Submarket 352 sales
$214
-28%
County 374 sales
$217
-29%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $155/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$3.65M
Move the market yield to see immediate price impact.
Value / SF
$45
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$230k
$4.60M
$3.28M
$2.55M
$255k
$5.11M
$3.65M
$2.84M
$281k
$5.62M
$4.01M
$3.12M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$227,746
Tax year 2023
Assessed value
$3,647,240
Assessed 2023
Previous assessed
$3,647,240
+0.0% YoY
Effective rate
6.24%
On assessed value
Assessed land
$514,990
Assessed improvement
$3,132,250
Land market value
$1,845,850
Improvement market value
$11,226,713
Total market value
$13,072,563
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
2
Total area
80,676 SF
Lot
6.78 ac (295,337 SF)
Zoning code
PIP1 HR
APN
6220003007
UPID
US13-1395846
Jurisdiction
EL PASO
Zoning & alternative use
PIP1 HR · Colorado Springs, COZoning PIP1 HR · permitted uses
PIP1 HR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
2
Lot
6.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PIP1 HR
Jurisdiction
Colorado Springs, CO
Recorded code
PIP1 HR
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PIP1 HR in Colorado Springs, CO.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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