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Property profile & analytics
FOR LEASE
Office buildings

610 1St St Colorado Springs, CO 80907

10,339 SF 0.72 ac lot Built 1985
Entity Owned 5-yr Hold Free & Clear
Property ID
US13-0940226
Property summary
AI-generated overview

This exceptional 10,400-square-foot flex space, situated in El Paso County, presents a unique opportunity for a variety of businesses. Formerly occupied by a local HVAC company, the property boasts a well-designed layout, perfectly balancing office and warehouse functionality. The building features eight private offices, a dedicated conference room, and a convenient break room, providing ample space for administrative tasks and team collaboration. The warehouse component, comprising approximately half of the total square footage, includes a loading dock and an overhead door, facilitating efficient loading and unloading operations. Built in 1985, this property benefits from a prime location at the intersection of Fillmore Street and El Paso Street, offering unparalleled accessibility to major thoroughfares such as I-25, Circle Boulevard, and Union Boulevard. The ample off-street parking further enhances the property's appeal, ensuring convenient parking for employees and clients alike. The multiple tenancy structure allows for flexibility in occupancy arrangements. This versatile property is ideally suited for a contractor or similar business requiring both office and warehouse space. The combination of a desirable location, functional layout, and ample parking makes this an exceptional investment opportunity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction WOOD FRAME
Total area 10,339 SF
Lot 0.72 ac (31,315 SF)
Zoning code M1
APN 6331102018
UPID US13-0940226
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
  • Haynes Mechanical Systems HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.03M
Owner & transaction history
Cascade Creek LLC · 5 yrs held
Cascade Creek LLC
since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A
Zoning & alternative use
M1 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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