104 Cascade AveColorado Springs, CO 80903

Property Details for 104 Cascade Ave

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.02 AC

Property size (Sq ft)

59,253 SF

Zone code

FBZ-CEN

Property type

Office buildings

APN

6418223010

APU

6418223010

Description

Sun Plaza, located at 104 South Cascade Avenue in Colorado Springs, Colorado, offers a diverse range of commercial spaces for lease. This two-story building encompasses a total of 59,000 square feet, providing flexible options for businesses of various sizes. The property is classified as Office, Industrial, encompassing Executive Office, Flex, and Warehouse space, making it suitable for a wide array of commercial uses. Multiple tenancies are available, with a minimum divisible space of 1,188 square feet and a maximum contiguous space of 13,391 square feet. Currently, 17,757 square feet of space is vacant and ready for immediate occupancy. Ample parking is provided, with a ratio of 5 spaces per 1,000 rentable square feet. The building is situated in El Paso County, Colorado, with easy access to major transportation routes and amenities. This versatile property presents a unique opportunity for businesses seeking a strategic location in a thriving Colorado Springs market. The zip code is 80903. Contact us today to learn more about the available spaces and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $12,960,658

  6.5%

  $11,963,684

  7%

  $11,109,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,895,483

  Geo Method

  $4,895,483

• Alternative Use

  Use

  Valuation

  Residential

  $14,834,968

  Hospitality

  $13,588,751

  Educational

  $11,305,681

  Medical

  $11,694,501

  Retail

  $17,586,616

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8321

Longitude

-104.826

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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