2141 Academy CirColorado Springs, CO 80909

Property Details for 2141 Academy Cir

Year built

1979

Construction

WOOD FRAME

Lot size

0.85 AC

Property size (Sq ft)

9,921 SF

Zone code

OC SS

Property type

Healthcare properties

Property subtype

Medical offices

APN

6402218007

APU

6402218007

Description

This single-story, 9,921 square foot medical office building at 2141 Academy Cir, Colorado Springs, CO 80909, offers a 1,164 square foot vacant suite ideal for medical practices. Built in 1979 and extensively renovated in 2022, the property boasts excellent visibility and convenient access. The building features ample ADA-compliant parking, with a ratio of 4.44 spaces per 1,000 square feet. The location is highly desirable, situated in a central Colorado Springs area with a concentration of other medical facilities, ensuring strong visibility and convenient access for patients. The available space is on the first floor, eliminating the need for elevators. This is a multi-tenant building, providing a collaborative environment. The property's recent renovation ensures modern amenities and functionality. The 1,164 square foot space represents the maximum contiguous space currently available. This presents a unique opportunity for a medical practice seeking a well-maintained, conveniently located office space in a thriving medical corridor. The property's central location and established medical presence make it an attractive option for a variety of medical professionals.

• CAP approach

  CAP return

  Valuation

  6%

  $2,170,062

  6.5%

  $2,003,134

  7%

  $1,860,053

• Comparable approach

  Method

  Valuation

  Relative Method

  $819,673

  Geo Method

  $819,673

• Alternative Use

  Use

  Valuation

  Residential

  $2,483,886

  Hospitality

  $2,275,226

  Educational

  $1,892,962

  Medical

  $1,958,064

  Retail

  $2,944,607

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8631

Longitude

-104.755

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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