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Property profile & analytics
OFF-MARKET
Office Units

1635 Colorado Ave Colorado Springs, CO 80904

1,395 SF Built 1900
Property ID
US13-0765792
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Units
Year built 1900
Total area 1,395 SF
UPID US13-0765792
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pink Cadillac Boutique Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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