5875 Lehman Dr Colorado Springs, CO 80918
For Sale
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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.
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Bianka Lizarraga Massage Therapy Alternative Medicine Practice Spa & Massage Center
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Ascent Financial Financial Advisor
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Naturaleaf North (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PBC HS · Colorado Springs, COColorado Springs. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.