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Property profile & analytics
FOR SALE
Office buildings

3060 N Academy Blvd Colorado Springs, CO 80917

7,943 SF 0.74 ac lot Built 1985
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US13-0081575
Property summary
AI-generated overview

This exceptional two-story, 7,943 square foot executive office building, located at 3060 N. Academy Boulevard in Colorado Springs, Colorado, presents a unique owner-user opportunity. Currently boasting 100% occupancy with six tenants generating a strong NOI of $79,375 and a 6.35% cap rate, this Class B property offers significant income potential. Built in 1984 and extensively renovated in 2022, the building features a new roof and stucco exterior, new carpet on the lower level, and a professionally decorated interior. The property includes a security system, high-speed internet access, and abundant natural light thanks to windows in nearly every office. The 32,433 square foot lot provides ample parking (4 spaces per 1,000 sq ft). The building enjoys excellent visibility and accessibility from Academy Boulevard and Parkmoor Village Drive, with easy access to major thoroughfares like Austin Bluffs Parkway and Powers Boulevard. Approximately 3,000 square feet is currently owner-occupied and could be readily adapted to suit a new owner's needs, either by reducing the owner's space or by occupying the entire building. The asking price is $1,250,000 ($157.37/sq ft). This is a turnkey investment opportunity with strong cash flow and significant upside potential.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction WOOD FRAME
Total area 7,943 SF
Lot 0.74 ac (32,433 SF)
Zoning code OC
APN 6334104011
UPID US13-0081575
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
  • Mountain States Appraisals Big Box & Wholesale Store Agricultural Supply
  • Neilson and Associates, LLC Accounting Firm
  • Hopeful Healing Collective, LLP Crisis Center Medical Clinic
  • National Business Brokers & Consultants: Appraiser Business Management Consultant
  • Ace Loans Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.29M
Comparable Approach Comparable
$1.58M
Blend (final) Blend
$1.27M
Owner & transaction history
3 Fins LLC · 20 yrs held
3 Fins LLC
since 2005
6 recorded transactions
2005
$746,600
2005
Price N/A
2003
Price N/A
2002
$736,000
2001
$849,000
1969
Price N/A
Zoning & alternative use
OC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $2.0M +15.3%
Medical building $1.9M +12.6%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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