1155 Academy Park Loop Colorado Springs, CO 80910-3761
Property profile & analytics
1155 Academy Park Loop Colorado Springs, CO 80910-3761
- Office buildings
- 50,190 SF
- 4.46 lot acres
Property ID
US13-0345712
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mitre Corporation / Charitable Organization / Social Service Agency
- MITRE / Charitable Organization / Social Service Agency
- Blink Charging Station / Electric Vehicle Charging Station
Property Details for 1155 Academy Park Loop
- Year built
- 2001
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.46 lot acres
- Property size
- 50,190 SF
- Zone code
- PBC AO
- Property type
- Office buildings
- APN
- 6422409003
- APU
- 6422409003
Description
This exceptional investment opportunity presents a 50,012 square foot retail building located at 1155 Academy Park Loop, Colorado Springs, CO 80910. The property boasts a compelling 9.26% cap rate and a price per square foot of $199.75, significantly below replacement cost. The asking price is $9,990,000. The building, originally constructed in 2002 (35,000 sq ft) and expanded in 2005 (15,000 sq ft) by Panatonni Construction, features a secure loading bay and other improvements added during the 2005 expansion. Substantial renovations were completed within the last decade to meet tenant needs. The property sits on a 4.47-acre lot and includes 220 parking spaces. It is currently under a 5-year net lease (NN+) with MITRE Corporation, a financially sound non-profit organization in the science and technology sector, generating over $2.2 billion in revenue in 2022. This ensures a stable and reliable income stream with limited landlord responsibilities. The property's strategic location in Colorado Springs offers easy access to major thoroughfares and proximity to Peterson Space Force Base, Fort Carson, and NORAD. The permitted zoning is MX AO. This presents a strong investment opportunity with significant potential for long-term growth and sustainability in the Colorado Springs commercial real estate market. The substantial NOI of $925,222 further underscores the financial strength of this offering.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $14,633,000
- AI Estimate
- $19,077,000
Market price range: $6.87M - $16.2MMarket price range: $1.56M - $26.2M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $10,720,000 Current use
- RESTAURANT
- $21,965,000 Change: +105% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $20,485,000 Change: +91% Conversion: Easy
- COMMERCIAL (GENERAL)
- $19,310,000 Change: +80% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $13,375,000 Change: +25% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $12,355,000 Change: +15% Conversion: Difficult
- MEDICAL BUILDING
- $12,075,000 Change: +13% Conversion: Easy
- RETAIL STORES
- $10,545,000 Change: -2% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.76
- Latitude
- 38.8166
- CBSA code
- 17820
- CBSA name
- COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$108,000
$192,420
$1,919,660
$2,112,080
-
$689,683
$6,880,487
$7,570,170
