This exceptional 9,000-square-foot medical office building in Colorado Springs, CO, presents a unique investment opportunity. Situated on a 1.23-acre lot at 5030 Edison Avenue, 80915, this newly constructed building offers significant value. Currently, approximately half the space is occupied by a Department of Defense contractor, providing immediate rental income. The remaining space is available for owner-occupancy or leasing. The asking price is $1,150,000, representing a significant discount compared to the estimated $150 per square foot replacement cost, resulting in an immediate savings of approximately $200,000. The property boasts a desirable location near Peterson Air Force Base (Platte & Powers). Annual property taxes are $18,137, and annual insurance is approximately $1,800. The building is offered with a triple net (NNN) lease structure. A potential gross lease rate of $14 per square foot is also available, excluding utilities. This presents a compelling opportunity for both owner-occupiers and investors seeking a strong return on investment in a prime Colorado Springs location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,199,360
6.5%
$2,030,180
7%
$1,885,160
Comparable approach
Method
Valuation
Relative Method
$733,005
Geo Method
$733,005
Alternative Use
Use
Valuation
Industrial / Distribution
$4,066,480
Retail / Commercial
$2,071,660
Mixed-Use / Specialty
$2,053,550
Hospitality / Lodging
$1,492,660
Institutional / Educational
$2,131,030
Residential Income
$2,493,300
Multifamily
$3,049,800
Automotive / Energy
$1,826,600
Parking / Income-Based Land
$640,933
Restaurant / Food Service
$1,045,170
Healthcare / Senior Housing
$2,116,870
Location Insight
City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.8402
Longitude
-104.734
CBSA code
17820
CBSA name
COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Edison Ave Colorado Springs, CO 80915
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Edison Ave Colorado Springs, CO 80915
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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