888 Garden Of The Gods RdColorado Springs, CO 80907

Property Details for 888 Garden Of The Gods Rd

Year built

1979

Construction

WOOD FRAME

Lot size

2.20 AC

Property size (Sq ft)

29,639 SF

Zone code

PIP2 CU UV

Property type

Office properties

Property subtype

Office buildings

APN

7324301034

APU

7324301034

Description

This exceptional Colorado Springs office building, located at 888 Garden of the Gods Rd, offers 5,209 square feet of immediately available space in a 30,038 square foot building. The property boasts excellent visibility from Garden of the Gods Road and convenient proximity to I-25. Built in 1979 and renovated in 2013, this two-story Class D building sits on 2.2 acres of land (APN 7324301034) and features a spacious parking lot with 128 spaces. The available suite includes a separate exterior entrance, an in-suite kitchenette and restrooms, four individual offices, two conference rooms, and open flex space allowing for customized configurations. Common area restrooms are also available. The property is zoned PIP2 CU UV and is situated in the Northwest submarket cluster of Colorado Springs, El Paso County, CO 80907. This versatile space is suitable for traditional, medical, or creative office uses, offering a blend of functionality and comfort for various business needs. Multiple tenants are currently occupying the building.

• CAP approach

  CAP return

  Valuation

  6%

  $6,483,063

  6.5%

  $5,984,366

  7%

  $5,556,911

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,448,774

  Geo Method

  $2,448,774

• Alternative Use

  Use

  Valuation

  Residential

  $7,420,614

  Hospitality

  $6,797,242

  Educational

  $5,655,226

  Medical

  $5,849,718

  Retail

  $8,797,018

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8973

Longitude

-104.844

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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