Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1635 Colorado Ave Colorado Springs, CO 80904
    Back to Search
    Property profile & analytics

    1635 Colorado Ave, Colorado Springs, CO 80904

    View on Map
    • Office Units
    • 1,395 SF
    Off-Market
    Property ID
    US13-0765792
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pink Cadillac Boutique / Clothing & Fashion Store

    Property Details for 1635 Colorado Ave

    Year built
    1900
    Property type
    Office Units

    Description

    This unique 1,395 square foot Class B creative office building in Colorado Springs is situated on a 3,600 square foot lot and zoned C5. Built in 1900, this single-tenant property offers a blend of commercial and residential features, making it ideal for a variety of uses. Currently leased on a modified lease until August 31, 2024, to a psychologist who may be willing to vacate as early as June. The property features a spacious front area suitable for retail or reception, an office, and a half bath. The rear of the building could easily function as a one- or two-bedroom apartment, complete with two ensuite bathrooms, a full kitchen, and living/dining space. One of the ensuite bedrooms could be incorporated into the front commercial space. Additional features include a fenced backyard, an oversized one-car garage, and off-street parking for three vehicles in the alley. This versatile property presents a compelling opportunity for a live/work arrangement or a savvy investor seeking a strong return. Located on busy West Colorado Avenue in the 80904 zip code, this property offers excellent visibility and accessibility. The property's unique blend of commercial and residential space provides a comfortable and homey business environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.85101472959
    Latitude
    38.840304363905

    Comparable in this City

    • Contact for pricing

      Office Space in Gold Hills

      Office space with easy access, signage, and parking.
      1604 S 21St St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      23,000 SF

      Warehouse with Office and Parking

      23,000 SF flex space with warehouse and office components.
      2110 Busch Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      12,000 SF

      Historic Colorado Springs Mixed-Use Property

      Versatile property with high ceilings, ample parking, and fenced lot.
      815 S 25Th St, Colorado Springs, CO 80904
      View Details
    • $385,000
      1,472 SF

      Turnkey Victorian Office in Colorado

      Standalone office property in historic Old Colorado City.
      1804 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Mixed-Use Property in Old Colorado

      Live-work property with C-5 zoning and recent renovations.
      1532 W Colorado Ave, Colorado Springs, CO 80904
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office Space in Gold Hills

      Office space with easy access, signage, and parking.
      1604 S 21St St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      23,000 SF

      Warehouse with Office and Parking

      23,000 SF flex space with warehouse and office components.
      2110 Busch Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      12,000 SF

      Historic Colorado Springs Mixed-Use Property

      Versatile property with high ceilings, ample parking, and fenced lot.
      815 S 25Th St, Colorado Springs, CO 80904
      View Details
    • $385,000
      1,472 SF

      Turnkey Victorian Office in Colorado

      Standalone office property in historic Old Colorado City.
      1804 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Mixed-Use Property in Old Colorado

      Live-work property with C-5 zoning and recent renovations.
      1532 W Colorado Ave, Colorado Springs, CO 80904
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,313 SF

      Office Space Available For Rent

      720 square feet office space available for rent.
      11 S 25Th St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      1,000 SF

      Charming Retail/Office Space in Colorado

      Street-level retail/office with high visibility in Old Colorado City.
      2627 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Flexible Office/Retail Space Available

      3,926 SF office/retail space in a high-traffic location.
      600 S 21St St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Westside Office Suites For Rent

      Collaborative office setting near downtown with ample parking.
      310 S 14Th St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Charming Retail/Office Space in Colorado

      Street-level retail/office suite with great visibility and character.
      2627 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      West Side Office Space

      Office space with mountain views and private access.
      1455 Little Bear Creek Pt, Colorado Springs, CO 80904
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1635 Colorado Ave
    Colorado Springs, CO 80904
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1635 Colorado Ave, Colorado Springs, CO, 80904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!