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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    305 S Rockrimmon Blvd Colorado Springs, CO 80919

    • Office buildings
    • 301,559 SF
    • 46.67 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1317542
    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.

    Current Use by Public Records

    • Hewlett Packard Enterprise / Corporate Office
    • Weyerhaeuser Co / Hardware & Home Improvement / Interior Design
    • Hewlett-Packard / Electronics & Wireless Store
    • CB Richard Ellis / Real Estate Agency

    Property Details for 305 S Rockrimmon Blvd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    46.67 lot acres
    Property size
    301,559 SF
    Zone code
    PIP1/CR CU HS
    Property type
    Office buildings
    APN
    7313001004
    APU
    7313001004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $26,781,000
      Market price range: $26.8M - $67.2M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.846
    Latitude
    38.9203
    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
    $296,326
    $311,960
    $4,431,040
    $4,743,000
    -
    $1,118,120
    $15,881,880
    $17,000,000

    Comparable in this City

    • Value Estimation
      $18,055,000
      158,502 SF

      5555 Tech Ctr Dr

      OFFICE BUILDING • 158,502 SF
      5555 Tech Ctr Dr, Colorado Springs, CO 80919-2371
      View Details
    • Value Estimation
      $505,000
      6,163 SF

      2153 Chuckwagon Rd

      OFFICE BUILDING • 6,163 SF
      2153 Chuckwagon Rd, Colorado Springs, CO 80919-6500
      View Details
    • Value Estimation
      $3,070,000
      18,482 SF

      7550 Assisi Hts, Unit 7665

      OFFICE BUILDING • 18,482 SF
      7550 Assisi Hts, Colorado Springs, CO 80919-3853
      View Details
    • Value Estimation
      $1,950,000
      11,749 SF

      4965 30th St

      OFFICE BUILDING • 11,749 SF
      4965 30th St, Colorado Springs, CO 80919-3156
      View Details
    • Value Estimation
      $1,010,000
      13,146 SF

      4935 30th St

      OFFICE BUILDING • 13,146 SF
      4935 30th St, Colorado Springs, CO 80919-3149
      View Details
    • Value Estimation
      $1,385,000
      9,760 SF

      5145 Centennial Blvd

      OFFICE BUILDING • 9,760 SF
      5145 Centennial Blvd, Colorado Springs, CO 80919-4425
      View Details

    Similar Nearby for Sale

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      13,146 SF

      Colorado Springs Executive Office Building

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    • $3,499,000
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      Prime location, multi-tenant office building.
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    • $1,500,000
      2.69 Acres

      Centennial Blvd Commercial Land

      2.69 Acres, Prime Colorado Springs Location
      0 Centennial Blvd, Colorado Springs, CO 80919
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    • $350,000

      Colorado Springs Commercial Land

      Prime Pad Site, Mountain Views, Office Development
      2125 Chuckwagon Rd, Colorado Springs, CO 80919
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    • $409,000

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      1.21-acre parcel with Pikes Peak views and highway access.
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    Similar Nearby for Lease

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      2,100 SF

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      Class A office building with abundant parking and monument signage.
      1910 Vindicator Dr, Colorado Springs, CO 80919
      View Details
    • $18 SF/Yr
      3,191 SF

      Class A Office Space

      Highly visible Class A office building in Colorado Springs Tech Center.
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      View Details
    • $19 SF/Yr
      324,000 SF

      North Creek Executive Office Suites

      Colorado Springs Office Space Available
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      View Details
    • $10 SF/Yr
      5,393 SF

      6760 Corporate Dr

      Office space
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      View Details
    • $14 SF/Yr
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      Updated Office Space For Rent

      Professionally managed office space with mountain views and ample parking.
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      View Details
    • $14 SF/Yr
      2,048 SF

      Centennial Blvd Office Space Available

      Office space for rent with recent upgrades and monument signage.
      5245 Centennial Blvd, Colorado Springs, CO 80919
      View Details
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    305 S Rockrimmon Blvd
    Colorado Springs, CO 80919
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    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
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