Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    219 Colorado Ave Colorado Springs, CO 80903
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    219 Colorado Ave Colorado Springs, CO 80903

    View on Map
    • Office buildings
    • 2,500 SF
    • 0.06 lot acres
    For Sale
    $654,000
    View Listing →
    Colorado Avenue Medical Office Condo For Sale
    $654,000
    1,642 SF

    Colorado Avenue Medical Office Condo

    Medical office condo in vibrant Arts District for sale.

    219 W Colorado Ave, Colorado Springs, CO 80903
    View Listing
    Property ID
    US13-0364642
    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
    2.4%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • EnSite Design & Construction / Construction Company / General Contractor
    • Amnet / Tech Support Center / IT Consulting Firm
    • affordable home repair / Hardware & Home Improvement / General Contractor
    • Elevated Computer Specialists LLC / Tech Support Center / IT Consulting Firm
    • Waves And Falls Videography / Film Production / Television Studio

    Property Details for 219 Colorado Ave

    Year built
    1949
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.06 lot acres
    Property size
    2,500 SF
    Zone code
    FBZ-CEN
    Property type
    Office buildings
    APN
    6418404028
    APU
    6418404028

    Description

    The Trestle Building, a historic 1884 office condo located at 219 W Colorado Ave in the heart of Downtown Colorado Springs' Arts District, offers a unique opportunity. This property boasts 2,679 total square feet, with 1,176 square feet currently vacant and ready for immediate occupancy. The building is zoned M2 SS CU and situated conveniently along the railroad tracks on the west side of downtown. The available space is ideal for executive offices, providing a prestigious address in a vibrant, culturally rich neighborhood. Ample surface parking is available with 40 spaces provided for tenants and guests. This is a rare chance to acquire space in a well-established building with character and charm, offering a blend of historical significance and modern convenience. The building's executive office subtype caters to businesses seeking a sophisticated and professional environment. The property is located in El Paso County, Colorado, zip code 80903. This prime location offers easy access to local amenities, cultural attractions, and transportation links. Don't miss this chance to secure your business's future in this exceptional downtown Colorado Springs location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,095,000
      ML approach
      $1,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $903,000
      Market price range: $418k - $904k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $960,000
      NEIGHBORHOOD: SHOPPING CENTER
      $665,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.821
    Latitude
    38.8322
    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
    $14,765
    $14,540
    $218,350
    $232,890
    -
    $52,125
    $782,625
    $834,750

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      102 Pike Peak Ave

      OFFICE BUILDING • 0.10 Acres
      102 Pike Peak Ave, Colorado Springs, CO 80903-1823
      View Details
    • Value Estimation
      $540,000
      4,963 SF

      722 Tejon St

      OFFICE BUILDING • 4,963 SF
      722 Tejon St, Colorado Springs, CO 80903
      View Details
    • Value Estimation
      $710,000
      6,842 SF

      622 Tejon St

      OFFICE BUILDING • 6,842 SF
      622 Tejon St, Colorado Springs, CO 80903-4026
      View Details
    • Value Estimation
      $2,920,000
      16,557 SF

      27 Tejon St

      OFFICE BUILDING • 16,557 SF
      27 Tejon St, Colorado Springs, CO 80903-1538
      View Details
    • Value Estimation
      $47,075,000
      247,202 SF

      2 Cascade Ave

      OFFICE BUILDING • 247,202 SF
      2 Cascade Ave, Colorado Springs, CO 80903-1620
      View Details
    • Value Estimation by Request
      3,889 SF

      730 Weber St

      OFFICE BUILDING • 3,889 SF
      730 Weber St, Colorado Springs, CO 80903-1078
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      571 SF

      Freestanding Building Near Downtown

      571 SF building with basement storage and fenced yard.
      1031 S Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      3,476 SF

      Office Building Near Downtown

      Office building near I-25 and Downtown Colorado Springs.
      415 W Bijou St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      202 SF

      Downtown Colorado Springs Office Building

      Well-maintained, 100% occupied office building in downtown Colorado Springs.
      10 Boulder Crescent St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      2,698 SF

      Office Building with ADU Cottage

      Office property featuring a detached ADU cottage and ample parking.
      528 N Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      5,000 SF

      Downtown Colorado Springs Office Building

      5,000 square foot office building in downtown Colorado Springs.
      612 N Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      5,583 SF

      Colorado Springs Office Building For Sale

      Office building with 5,583 square feet available for sale.
      523 N Nevada Ave, Colorado Springs, CO 80903
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr

      Downtown Colorado Springs Office Space

      Class A office space with mountain views and on-site parking.
      102 N Cascade Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Historic Downtown Colorado Springs Office

      Historic office building in downtown Colorado Springs for lease.
      128 S Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Downtown Colorado Springs Office Space

      Class A office space for lease with excellent views.
      102 N Cascade Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Class A Office Building

      Class A office building in downtown Colorado Springs for lease.
      2 N Nevada Ave, Colorado Springs, CO 80903
      View Details
    • $16 SF/Yr
      1,412 SF

      Historic Downtown Colorado Springs Office

      Historic office building in downtown Colorado Springs for lease.
      128 S Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Downtown Colorado Springs Office Space

      Professional office environment in the heart of Downtown Colorado Springs.
      101 N Cascade Ave, Colorado Springs, CO 80903
      View Details
    View Listing
    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.
    219 Colorado Ave
    Colorado Springs, CO 80903
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!