1301 8Th StColorado Springs, CO 80905

For Lease
  • Office buildings
  • 28,152 SF

Property Details for 1301 8Th St

Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.48 AC
Property size (Sq ft)
28,152 SF
Zone code
PBC
Property type
Office buildings
APN
7424400015
APU
7424400015

Description

This exceptional Colorado Springs office property, located at 1301 S 8th St, offers a diverse range of spaces ideal for various business needs. The three-story, 28,152 square foot building, constructed in 1964, is classified as Class C and boasts a flexible layout accommodating businesses of all sizes. Multiple tenancy options are available, with suites ranging from a minimum of 90 square feet to a maximum contiguous space of 1,823 square feet

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,157,805
    6.5%
    $5,684,128
    7%
    $5,278,118
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,325,918
    Geo Method
    $2,325,918
  • Alternative Use

    Use
    Valuation
    Residential
    $7,048,318
    Hospitality
    $6,456,222
    Educational
    $5,371,501
    Medical
    $5,556,235
    Retail
    $8,355,668
1301 8Th St, Colorado Springs, Colorado

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8145
Longitude
-104.84
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
$24,908
$89,030
$373,950
$462,980
-
$319,117
$1,340,332
$1,659,449

FAQs

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