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4905 N Union Blvd Colorado Springs, CO 80918

Office buildings Google Maps
15,672 SF 0.71 ac lot Built 1978
Entity Owned ~ Est. High Equity
Estimated value (blended)
$455k
Range $410k – $501k (±10%)
Property ID US13-0328080

Property summary

AI-generated overview

This exceptional three-story office building, situated at 4905 N Union Blvd in Colorado Springs, CO 80918, offers a prime location just one block south of Academy Boulevard. Boasting 15,672 square feet of total space, the building features a convenient and highly visible street presence. Currently, 1,512 square feet are vacant, presenting an immediate opportunity for a new tenant. The building is handicap accessible, equipped with an automated entry door and elevator for easy access from the ample on-site parking (47 spaces). Suite 100, a ground floor space of 1,100 square feet, is particularly well-suited for professional use, featuring two private offices, a kitchen area with a sink, and a spacious multi-purpose room ideal for a reception or waiting area. The property sits on a 0.71-acre lot and is zoned PBC. The lease is a modified gross lease, with tenants responsible for their pro-rata share of utilities and landscaping maintenance. This building provides excellent signage opportunities and high visibility, making it an ideal location for a variety of businesses. Don't miss this chance to secure a prominent space in a thriving Colorado Springs location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction WOOD FRAME
Total area 15,672 SF
Lot 0.71 ac (30,920 SF)
Zoning code PBC
APN 6321407005
UPID US13-0328080

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tax Preparation
  • Medical Clinic
  • Insurance Agency
  • Law Firm
  • Consultant Weight Loss Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.18M
Blend (final) Blend
$455k

Owner & transaction history

since 2025
Last sale
$1.7M
5 recorded transactions
2025
$1.7M
2020
Price N/A
1999
$875,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PBC · Colorado Springs, CO

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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