Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1855 Telstar Dr Colorado Springs, CO 80920-1005
    Property profile & analytics

    1855 Telstar Dr Colorado Springs, CO 80920-1005

    View on Map
    • Office buildings
    • 359,989 SF
    • 17.63 lot acres
    Off-Market
    Property ID
    US13-0670263
    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
    $7,290,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • USAA Southwest Parking Lot / Parking Lot & Garage
    • USAA Parking Garage / Association / Organization
    • FedEx Drop Box / Postal Service / Courier Service
    • ATM / Atm
    • USAA Financial Center / Bank / Loan Service

    Property Details for 1855 Telstar Dr

    Year built
    1992
    Construction
    CONCRETE
    Lot size
    17.63 lot acres
    Property size
    359,989 SF
    Zone code
    PIP1/CR HR
    Property type
    Office buildings
    APN
    6232407008
    APU
    6232407008

    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
    -104.797
    Latitude
    38.9568
    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
    $0.00
    $1,253,430
    $6,533,300
    $7,786,730
    -
    $4,492,578
    $23,416,879
    $27,909,457

    Comparable in this City

    • Value Estimation by Request
      1,314 SF

      9480 Briar Vlg Pt Ste, Unit 100

      OFFICE BUILDING • 1,314 SF
      9480 Briar Vlg Pt Ste, Colorado Springs, CO 80920-7923
      View Details
    • Value Estimation by Request
      1,896 SF

      8540 Scarborough Dr Ste, Unit 220

      OFFICE BUILDING • 1,896 SF
      8540 Scarborough Dr Ste, Colorado Springs, CO 80920-7572
      View Details
    • Value Estimation
      $5,235,000
      31,748 SF

      950 Chapel Hls Dr

      OFFICE BUILDING • 31,748 SF
      950 Chapel Hls Dr, Colorado Springs, CO 80920-3984
      View Details
    • Value Estimation by Request
      957 SF

      3555 Briargate Pkwy

      OFFICE BUILDING • 957 SF
      3555 Briargate Pkwy, Colorado Springs, CO 80920
      View Details
    • Value Estimation
      $2,065,000
      15,308 SF

      1730 Chapel Hls Dr

      OFFICE BUILDING • 15,308 SF
      1730 Chapel Hls Dr, Colorado Springs, CO 80920-5200
      View Details
    • Value Estimation
      $1,255,000
      4,457 SF

      3280 Woodmen Rd Ste, Unit 100

      OFFICE BUILDING • 4,457 SF
      3280 Woodmen Rd Ste, Colorado Springs, CO 80920-3586
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,683 SF

      PrimeCenter Briargate Office Building

      Single-story office building for sale or lease in Colorado Springs.
      2355 Briargate Pkwy, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      140,583 SF

      Corporate Headquarters Opportunity

      93,000 SF corporate headquarters with I-25 visibility.
      6860 Campus Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      21,030 SF

      Versatile Office/Flex Building For Sale

      Office/flex building with flexible configuration options in Mountain Vista.
      8145-8245 N Union Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      6,117 SF

      Briargate Blvd Leased Commercial Property

      Fully leased commercial property in high-demand Briargate corridor.
      2395 Briargate Blvd, Colorado Springs, CO 80920
      View Details
    • $6,950,000
      47,018 SF

      Class B+ Office Building For Sale

      47,018 SF office building with I-25 visibility.
      7350 Campus Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      7,347 SF

      Medical Office Condominiums For Sale

      Class A medical office condominiums leased to The Colorado Dermatology Institute.
      8580 Scarborough Dr, Colorado Springs, CO 80920
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Class A Office Building

      Class A office and medical building with Pikes Peak views.
      1465 Kelly Johnson Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building with excellent visibility and amenities.
      7150 Campus Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Class B Office Building

      Office building in Northeast Colorado Springs, convenient location.
      7250 Campus Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      2,759 SF

      Class A Office Space Available

      Four-story Class A office building with interstate visibility and access.
      1155 Kelly Johnson Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Class A Office Space Available

      Three-story Class A office building in Briargate Business Campus.
      8610 Explorer Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Distinguished Office Building for Lease

      Prominent office building in Briargate Business Campus, suitable for call center.
      8605 Explorer Dr, Colorado Springs, CO 80920
      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.
    1855 Telstar Dr
    Colorado Springs, CO 80920-1005
    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
    1855 Telstar Dr, Colorado Springs, CO, 80920
    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!