2121 Academy CirColorado Springs, CO 80909

Property Details for 2121 Academy Cir

Year built

1980

Construction

WOOD FRAME

Lot size

0.72 AC

Property size (Sq ft)

10,272 SF

Zone code

OC

Property type

Office properties

Property subtype

Office buildings

APN

6402218006

APU

6402218006

Description

This exceptional Colorado Springs office property, located at 2121 Academy Circle, offers 1,294 square feet of versatile space across multiple suites. The building boasts a prime location, less than a block from Academy Boulevard and Maizeland Road, providing excellent visibility and accessibility. Three distinct suites are available, each offering unique features. Suite 102, previously a State Farm agency, includes a reception area, three offices of varying sizes, a large office with built-in cabinetry and a sink, and a private restroom. Suite 104 presents an open floor plan of approximately 720 square feet (30' x 24'), featuring wall-to-wall windows, a private restroom, and a coffee bar. Finally, Suite 200 provides a built-in reception station, three good-sized offices, a larger 280 square foot office (14' x 20'), a coffee bar with base cabinets, and a private restroom. All suites benefit from abundant natural light due to perimeter windows. The property features ample off-street parking in two private lots, stunning views, and attractive landscaping, creating a pleasant campus-like atmosphere. The property is zoned OC and is situated in El Paso County, Colorado, with a zip code of 80909. This is an ideal opportunity for businesses seeking high-quality, well-appointed office space in a desirable location. The total building size is 1,294 square feet, and all of it is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $2,246,838

  6.5%

  $2,074,004

  7%

  $1,925,861

• Comparable approach

  Method

  Valuation

  Relative Method

  $848,673

  Geo Method

  $848,673

• Alternative Use

  Use

  Valuation

  Residential

  $2,571,765

  Hospitality

  $2,355,723

  Educational

  $1,959,934

  Medical

  $2,027,339

  Retail

  $3,048,786

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8626

Longitude

-104.756

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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