102 Cascade AveColorado Springs, CO 80903

  • Office properties
  • 67,507 SF
For Lease
$12/SF/YR View listing

Property Details for 102 Cascade Ave

Year built
1971
Construction
STEEL FRAME
Property size (Sq ft)
67,507 SF
Zone code
C6,HR
Property type
Office properties
Property subtype
Office buildings
APN
6418211012
APU
6418211012

Description

This exceptional Class A office building, constructed in 1971, offers 69,583 square feet of premium workspace in the heart of downtown Colorado Springs, Colorado. The building features six stories and one elevator, providing convenient access to multiple executive office suites. Units range from a minimum of 967 square feet to a maximum contiguous space of 1,285 square feet, with a total of six spaces currently available, offering flexibility for various business needs. The property is zoned FBZ-COR CU and its APN is 6418211012. Located at 102 N Cascade Ave, Colorado Springs, CO 80903, this property enjoys excellent visibility and accessibility, with convenient access to I-25. The building's prime location places it within walking distance of numerous restaurants, coffee shops, hotels, and fitness centers, enhancing the convenience and appeal for tenants and employees. On-site parking is available, accessible from westbound Bijou and eastbound Kiowa Street. The building benefits from on-site management, ensuring efficient maintenance and building operations. This is a truly remarkable opportunity to establish your business in a vibrant and thriving downtown environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $14,766,090
    6.5%
    $13,630,237
    7%
    $12,656,648
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,577,428
    Geo Method
    $5,577,428
  • Alternative Use

    Use
    Valuation
    Residential
    $16,901,494
    Hospitality
    $15,481,677
    Educational
    $12,880,574
    Medical
    $13,323,556
    Retail
    $20,036,448
102 Cascade Ave, Colorado Springs, Colorado

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8362
Longitude
-104.826
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
$135,174
-
$2,094,740
$2,094,740
-
-
$7,508,033
$7,508,033

FAQs

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