Back to Search
Property profile & analytics
FOR LEASE
Office buildings
8610 Explorer Dr Colorado Springs, CO 80920
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0094449
For Lease
1 / 3
$22.50 SF/Yr
8610 Explorer Dr, Colorado Springs, CO 80920
View Listing →
Property summary
AI-generated overview
This exceptional three-story, Class A office building, totaling 98,904 square feet, is situated in the prestigious Briargate Business Campus of Colorado Springs, Colorado. Built in 2000, the property boasts a prime location with easy access to I-25 via North Academy Boulevard or Briargate Parkway. Its high-visibility location offers excellent accessibility from Denver and provides sweeping views of the Front Range. Currently, one suite of 2,101 square feet is available for lease within this multi-tenant building. The building's construction features premium materials and finishes, reflecting its commitment to quality. Its convenient location offers employees easy access to amenities, including the Promenade Shops at Briargate, which are within walking distance. The property is located at 8610 Explorer Drive, Colorado Springs, CO 80920, in El Paso County. This is a rare opportunity to secure office space in a highly sought-after location with exceptional visibility and convenient access to major transportation routes. The building's traditional office design provides a professional and functional workspace.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
101,194 SF
Lot
6.57 ac (286,189 SF)
Zoning code
PIP1/CR HR
APN
6233309003
UPID
US13-0094449
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
-
Brent Sabati - Mutual of Omaha Insurance Agency
-
Apogee Engineering, LLC Engineering Consultant
-
Troy University College University
-
Assist To Succeed Colorado Springs Dental Office Vocational School
-
Mutual of Omaha® Advisors - Colorado Springs Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.48M
Comparable Approach
Comparable
$21.11M
Blend (final)
Blend
$15.54M
Owner & transaction history
Maple Hill LLC · 9 yrs held
Maple Hill LLC
since 2016
6 recorded transactions
Zoning & alternative use
PIP1/CR HR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$24.9M
+5.0%
Medical building
$24.3M
+2.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,850,000
6.5%
$16,475,000
7%
$15,300,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$23,715,000
Current use
AUTO REPAIR, GARAGE
$24,910,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$24,340,000
Change: +3% · Conversion: Easy
RETAIL STORES
$21,265,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$15.54M
Range $13.99M – $17.09M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$313,788
Tax year 2023
Assessed value
$5,022,000
Assessed 2023
Previous assessed
$5,022,000
+0.0% YoY
Effective rate
6.25%
On assessed value
Assessed land
$666,720
Assessed improvement
$4,355,280
Land market value
$2,389,678
Improvement market value
$15,610,322
Total market value
$18,000,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
3
Total area
101,194 SF
Lot
6.57 ac (286,189 SF)
Zoning code
PIP1/CR HR
APN
6233309003
UPID
US13-0094449
Jurisdiction
EL PASO
Zoning & alternative use
PIP1/CR HR · Colorado Springs, CO
Zoning PIP1/CR HR · permitted uses
PIP1/CR HR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$23.7M
AUTO REPAIR, GARAGE
Est. value
$24.9M
MEDICAL BUILDING
Est. value
$24.3M
RETAIL STORES
Est. value
$21.3M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
3
Lot
6.57 ac
Current owner
From public records · entity-resolved
Maple Hill LLC
Entity
Mailing address
PO BOX 460689, HOUSTON, TX 77056-8689
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2025
—
Maple Hill LLC
—
Deed
related
$20,650,000 · Benchmark Bank
Sep 30, 2020
—
Maple Hill LLC
—
Deed
related
$12,250,000 · Wells Fargo Bk
Dec 21, 2016
$17,497,500
Maple Hill LLC
Brookwood Research Center LLC
Special Warranty Deed
$12,250,000 · Wells Fargo Bank NA
Sep 15, 2006
$17,600,000
Brookwood Research Center LLC
Old Broadmoor Plaza LLC
Special Warranty Deed
$14,080,000 · Greenwich Capital Financial Product
Feb 17, 2005
—
Old Broadmoor Plaza LLC
New Epernay Inv Co II LLC
Grant Deed
$10,500,000 · Northwestern Mutual Life Ins
—
—
Maple Hill LLC
—
Loan Modification
related
$12,250,000 · Wells Fargo Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
