9240 Explorer DrColorado Springs, CO 80920

Property Details for 9240 Explorer Dr

Year built

1999

Construction

STEEL FRAME

Lot size

5.00 AC

Property size (Sq ft)

42,470 SF

Zone code

PIP1

Property type

Office properties

Property subtype

Office buildings

APN

6233202003

APU

6233202003

Description

This exceptional 4,880-square-foot office space is situated in a Class A building at 9240 Explorer Drive, Suite 101, Colorado Springs, CO 80920. The single-tenant space is part of a larger 42,470-square-foot building on a 5-acre lot, offering ample parking with a 3:1 ratio (128 spaces total). Built in 2000, the two-story building boasts a 14-foot ceiling height in this suite. The space features multiple private offices and conference rooms, enhancing its functionality and appeal. Security features include a security system and controlled access, providing peace of mind. A private courtyard adds to the property's amenity package. Previously occupied by a bank, this versatile space is suitable for a variety of professional uses, including traditional office, executive office, or medical office settings. The PIP1 zoning allows for flexibility in its future use. Its prime location offers easy access to I-25, Powers Boulevard, the Promenade Shops at Briargate, and numerous restaurants, making it an attractive option for businesses seeking a convenient and prestigious address. The property's APN is 62332-02-003.

• CAP approach

  CAP return

  Valuation

  6%

  $9,289,641

  6.5%

  $8,575,054

  7%

  $7,962,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,508,872

  Geo Method

  $3,508,872

• Alternative Use

  Use

  Valuation

  Residential

  $10,633,067

  Hospitality

  $9,739,832

  Educational

  $8,103,426

  Medical

  $8,382,115

  Retail

  $12,605,329

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9671

Longitude

-104.791

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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