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Property profile & analytics
FOR SALE
Office buildings

5875 Lehman Dr Colorado Springs, CO 80918

6,520 SF 0.79 ac lot Built 1982
Individually Owned 21-yr Hold ~ Est. High Equity
Property ID
US13-0045485
Property summary
AI-generated overview

This exceptional 6,520-square-foot executive office building in Colorado Springs, CO, presents a compelling investment opportunity. Located at 5875 Lehman Dr, 80918, this two-level building, constructed in 1982, offers significant upside potential for an owner-user. Currently generating approximately $57,000 in net annual income, the property features multiple small tenants with flexible lease terms, allowing a new owner to occupy a substantial portion of the space for their business. The current owner occupies roughly 1,600 square feet and can lease back at market rates. The building benefits from a central location with convenient access to major thoroughfares like Academy and Woodman, and proximity to ample retail, dining, and daytime shopping options. The property includes ample parking and is well-maintained, with all building systems in good working order. Note that one tenant is a medical marijuana dispensary. The asking price is $1,200,000, translating to $184.05 per square foot. This property offers a unique blend of income generation and owner-user flexibility in a desirable Colorado Springs location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Construction WOOD FRAME
Total area 6,520 SF
Lot 0.79 ac (34,503 SF)
Zoning code PBC HS
APN 6316305010
UPID US13-0045485
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
  • Feel State Medical Weed Dispensary - North (Bike/Boat/Book/etc) Store
  • Ascent Financial Group Bank Credit Union
  • Bianka Lizarraga Massage Therapy Alternative Medicine Practice Spa & Massage Center
  • Ascent Financial Financial Advisor
  • Naturaleaf North (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$907k
Blend (final) Blend
$855k
Owner & transaction history
Douglas H Barton · 21 yrs held
Douglas H Barton
since 2005
1 recorded transaction
2005
$527,500
Zoning & alternative use
PBC HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.4M +11.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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