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Property profile & analytics
OFF-MARKET Estimated value $1,615,000
Office buildings

2139 Chuckwagon Rd Colorado Springs, CO 80919-3504

7,157 SF 0.14 ac lot Built 2000
Entity Owned Free & Clear
Property ID
US13-2747640
Property summary
AI-generated overview

This exceptional three-story, 11,334 square foot office building in Colorado Springs' desirable Mountain Shadows area presents a rare owner-user or investment opportunity. Built in 2000, the property boasts a modern brick facade with operable windows, an elevator, and stunning Front Range views. Located just west of Centennial Blvd and north of 30th St, it offers convenient access and high visibility, enhanced by prominent signage opportunities. The building currently enjoys 84% occupancy with flexible lease options and a variety of suite sizes. Situated in a high-income area with average household incomes exceeding $125,000 within a three-mile radius, the property benefits from significant nearby residential development, including thousands of new apartments. Further enhancing its value, a vacant lot is included, providing the potential for an additional 13,000 square foot building. The property is zoned PIP-1, HS, and offers a high barrier to entry for new office land on the west side of Colorado Springs. This well-maintained building presents a unique chance to acquire a prime office location with significant expansion potential. The asking price is $2,200,000, with a price per square foot of $194.11.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Construction WOOD FRAME
Total area 7,157 SF
Lot 0.14 ac (6,040 SF)
Zoning code PIP1 HS
APN 7314315010
UPID US13-2747640
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
  • Rick Smith - Universal Lending Home Loans NMLS#235269 Loan Service Bank
  • Diane K. Bross, PC Law Firm
  • Selley Group @ LIV Sotheby's International Realty Real Estate Agency
  • Pikes Peak Urban Living Real Estate Agency
  • Trek Management Property Management Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.16M
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$1.62M
Owner & transaction history
Ici Properties INC
Ici Properties INC
since 2025
Last sale
$1.9M
6 recorded transactions
2025
Price N/A
2025
$1.9M
2023
Price N/A
2020
Price N/A
2006
Price N/A
2006
$1.6M
Zoning & alternative use
PIP1 HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $1.9M +51.3%
Auto repair, garage $1.8M +39.8%
Medical building $1.7M +36.6%
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