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    Property profile & analytics

    9910 Federal Dr Colorado Springs, CO 80921

    • Office buildings
    • 80,676 SF
    • 6.78 lot acres
    For Lease
    View listing
    $13 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1395846
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Yardi Systems / (Bike/Boat/Book/etc) Store / Corporate Office
    • YES Energy Management / Electric Utility Company

    Property Details for 9910 Federal Dr

    Year built
    2000
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.78 lot acres
    Property size
    80,676 SF
    Zone code
    PIP1 HR
    Property type
    Office buildings
    APN
    6220003007
    APU
    6220003007

    Description

    9910 Federal Drive in Colorado Springs, CO offers a unique opportunity to lease exceptional Class A office space. This single, two-story building totals 77,495 square feet, with 17,745 square feet currently available for lease. Built in 2000, the property sits on a generous 13.7-acre lot within the highly desirable Interquest Business Park. Its PIP-1 zoning allows for a variety of uses. The building boasts a highly visible location, making it easily accessible and recognizable. Tenants will benefit from ample above-standard parking and the potential for prominent building signage. The strategic location provides easy access to both north Colorado Springs and the central business district (CBD), as well as a wide array of restaurants, hotels, and other supporting services. This property is priced competitively, below the average for comparable buildings along the I-25 corridor, making it an attractive option for businesses of all sizes seeking a prestigious and convenient location. The property's APN is 6220003007 and the zip code is 80921. This is a multi-tenant building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,120,000
      6.5%
      $13,030,000
      7%
      $12,100,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,565,000
      Market price range: $16.6M - $26.1M
      AI Estimate
      $7,834,000
      Market price range: $2.60M - $17.0M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $19,860,000
      MEDICAL BUILDING
      $19,405,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.801
    Latitude
    38.9861
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $227,746
    $514,990
    $3,132,250
    $3,647,240
    -
    $1,845,850
    $11,226,713
    $13,072,563

    Comparable in this City

    • Value Estimation
      $3,575,000
      20,752 SF

      790 Stout Rd

      OFFICE BUILDING • 20,752 SF
      790 Stout Rd, Colorado Springs, CO 80921-3802
      View Details
    • Value Estimation
      $38,420,000
      118,720 SF

      650 Sybilla Ln

      OFFICE BUILDING • 118,720 SF
      650 Sybilla Ln, Colorado Springs, CO 80921-3776
      View Details
    • Value Estimation by Request
      3,000 SF

      13560 Northgate Ests Dr Ste, Unit 100

      OFFICE BUILDING • 3,000 SF
      13560 Northgate Ests Dr Ste, Colorado Springs, CO 80921-7654
      View Details
    • Value Estimation by Request
      3,000 SF

      13570 Northgate Ests Dr Ste, Unit 100

      OFFICE BUILDING • 3,000 SF
      13570 Northgate Ests Dr Ste, Colorado Springs, CO 80921-7655
      View Details
    • Value Estimation
      $580,000
      1,819 SF

      13710 Struthers Rd Ste, Unit 125

      OFFICE BUILDING • 1,819 SF
      13710 Struthers Rd Ste, Colorado Springs, CO 80921-2416
      View Details
    • Value Estimation
      $1,220,000
      8,542 SF

      1720 Jet Strm Dr Ste, Unit 200

      OFFICE BUILDING • 8,542 SF
      1720 Jet Strm Dr Ste, Colorado Springs, CO 80921-3938
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      98.00 Acres

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      Mixed-use development, I-25 access
      1521 Baptist Rd, Cascade-Chipita Park, CO 80921
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      10,376 SF

      Office Condo in Creekside Park

      Office condo for sale with common area and elevator.
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      Colorado Springs Office Building

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    • $1,050,000
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      Ent Parkway Medical Office Opportunity

      Colorado Springs medical office building, 1.62 acres.
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      2,404 SF

      Foothills Farms Office Space Available

      Brand new, upscale office space for lease or sale.
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    Similar Nearby for Lease

    • $29 SF/Yr
      24,198 SF

      Colorado Springs Medical Office Space

      New Medical Office Building - Pre-leasing Now
      850 Stout Rd, Colorado Springs, CO 80921
      View Details
    • $22 SF/Yr
      54,057 SF

      Interquest 2 Medical Office Space

      Class A medical office suites, Colorado Springs.
      9925 Federal Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      2,333 SF

      Office Suite Near I-25

      Office suite for lease with easy access to I-25.
      13570 Meadowgrass Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      106 SF

      Office Space with Secure Access

      Office space featuring common areas and 24-hour secure access.
      13540 Northgate Estates Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      65,000 SF

      Prime Medical Office Space in Colorado Springs

      Class A, 65,000 SF, Multiple Tenancy Options
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      View Details
    • $28 SF/Yr
      20,000 SF

      Colorado Springs Medical Office Space

      Upscale medical office building; 2,404-20,000 SF available.
      9542 Federal Dr, Colorado Springs, CO 80921
      View Details
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    Colorado Springs, CO 80921
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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