2139 Chuckwagon RdColorado Springs, CO 80919

Property Details for 2139 Chuckwagon Rd

Year built

2000

Construction

WOOD FRAME

Lot size

0.14 AC

Property size (Sq ft)

7,157 SF

Zone code

PIP1 HS

Property type

Office buildings

APN

7314315010

APU

7314315010

Description

This exceptional three-story, 11,334 square foot office building in Colorado Springs' desirable Mountain Shadows area presents a rare owner-user or investment opportunity. Built in 2000, the property boasts a modern brick facade with operable windows, an elevator, and stunning Front Range views. Located just west of Centennial Blvd and north of 30th St, it offers convenient access and high visibility, enhanced by prominent signage opportunities. The building currently enjoys 84% occupancy with flexible lease options and a variety of suite sizes. Situated in a high-income area with average household incomes exceeding $125,000 within a three-mile radius, the property benefits from significant nearby residential development, including thousands of new apartments. Further enhancing its value, a vacant lot is included, providing the potential for an additional 13,000 square foot building. The property is zoned PIP-1, HS, and offers a high barrier to entry for new office land on the west side of Colorado Springs. This well-maintained building presents a unique chance to acquire a prime office location with significant expansion potential. The asking price is $2,200,000, with a price per square foot of $194.11.

• CAP approach

  CAP return

  Valuation

  6%

  $1,565,481

  6.5%

  $1,445,059

  7%

  $1,341,841

• Comparable approach

  Method

  Valuation

  Relative Method

  $591,311

  Geo Method

  $591,311

• Alternative Use

  Use

  Valuation

  Residential

  $1,791,873

  Hospitality

  $1,641,346

  Educational

  $1,365,581

  Medical

  $1,412,545

  Retail

  $2,124,237

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9145

Longitude

-104.866

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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