980 Elkton Dr Colorado Springs, CO 80907
- Life science properties
- 51,337 SF
- 4.35 lot acres
Current Use by Public Records
- American Medical Response / Ambulance Service
Property Details for 980 Elkton Dr
- Year built
- 1994
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.35 lot acres
- Property size
- 51,337 SF
- Zone code
- PIP2 HS
- Property type
- Life science properties
- APN
- 7324304012
- APU
- 7324304012
Description
This exceptional Class A creative office building, located at 980 Elkton Dr in Colorado Springs, CO 80907, offers 50,000 total square feet on a 4.35-acre lot. Built in 1994, this single-story building features modern interior finishes and an open office landscape design, perfect for a variety of businesses. Currently, there is 24,500 square feet of vacant space available, with flexible options ranging from 4,600 to 17,572 square feet. The property boasts prominent monument and building signage, providing excellent visibility and branding opportunities. The building's design includes the unique feature of a lab space, catering to companies requiring specialized research or development areas. Furthermore, the adaptable layout allows for the addition of overhead doors, enhancing functionality and flexibility for various business needs. Situated in El Paso County, this property presents a compelling opportunity for businesses seeking a modern, well-located, and versatile office space. The property's multiple tenancy structure provides opportunities for diverse businesses to thrive within the same building.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,360,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,465,000
- 6.5%
- $7,200,000
- 7%
- $7,300,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,890,000
- Geo Method
- $6,770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,455,000
- Retail
- $7,315,000
- Mixed-Use
- $5,935,000
- Hospitality
- $6,625,000
- Educational
- $6,410,000
- Residential Income
- $6,555,000
- Energy
- $7,325,000
- Income-Based Land
- $5,675,000
- Food Service
- $7,745,000
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.846
- Latitude
- 38.9006
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
