902 Circle DrColorado Springs, CO 80909

Property Details for 902 Circle Dr

Year built

1972

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.64 AC

Property size (Sq ft)

14,500 SF

Zone code

C5

Property type

Office buildings

APN

6409401062

APU

6409401062

Description

This exceptional two-story office building, located at 902 N Circle Dr in Colorado Springs, CO 80909, offers a fantastic opportunity for businesses seeking flexible and modern workspace. Built in 1972 and extensively renovated in 2017, the property boasts a total of 14,500 square feet, with 9,597 square feet currently available for lease. The building is configured to accommodate multiple tenants, offering a range of suite sizes from a minimum of 358 square feet to a maximum contiguous space of 2,680 square feet. This allows for businesses of various sizes to find a suitable space to meet their needs. Ample parking is provided, with a ratio of 2.76 spaces per 1,000 square feet. The property is situated in El Paso County and benefits from easy access to major transportation routes. The traditional office layout provides a professional and efficient work environment, ideal for a variety of businesses. This is a rare opportunity to secure high-quality office space in a desirable Colorado Springs location. Contact us today to schedule a viewing and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,171,646

  6.5%

  $2,927,673

  7%

  $2,718,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,197,990

  Geo Method

  $1,197,990

• Alternative Use

  Use

  Valuation

  Residential

  $3,630,315

  Hospitality

  $3,325,349

  Educational

  $2,766,651

  Medical

  $2,861,800

  Retail

  $4,303,680

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8454

Longitude

-104.777

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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