5030 Edison AveColorado Springs, CO 80915

Property Details for 5030 Edison Ave

Year built

2007

Construction

WOOD FRAME

Lot size

1.23 AC

Property size (Sq ft)

8,872 SF

Zone code

PIP1 APZ2 AO

Property type

Office properties

Property subtype

Office buildings

APN

6412302035

APU

6412302035

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,940,610

  6.5%

  $1,791,332

  7%

  $1,663,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $733,005

  Geo Method

  $733,005

• Alternative Use

  Use

  Valuation

  Residential

  $2,221,252

  Hospitality

  $2,034,655

  Educational

  $1,692,809

  Medical

  $1,751,027

  Retail

  $2,633,258

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

Property Tax & Assessments

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