411 Lakewood CirColorado Springs, CO 80910

Property Details for 411 Lakewood Cir

Year built

1969

Construction

CONCRETE

Property size (Sq ft)

918 SF

Zone code

PUD AO

Property type

Office properties

Property subtype

Office buildings

APN

6422108291

APU

6422108291

Description

This 641-square-foot Class B office condo in Colorado Springs, Colorado, presents a unique owner-user or investment opportunity. Located at 411 Lakewood Cir, 80910, within a larger complex including 241 condos and 78 hotel rooms, this versatile space is ideal for a variety of businesses. Built in 1974, the unit features a reception area, three individual offices, and a convenient break room. Its location offers easy exterior access. The property benefits from 24/7 security and on-site front desk services, adding to its appeal. Association fees cover all utilities, access to a pool and gym, and common area maintenance, simplifying ownership. The property is zoned PUD-AO and has an APN of 6422108491. This single-unit condo offers a compelling combination of convenience, amenities, and potential, making it an attractive option for those seeking a well-maintained and efficiently managed office space. The asking price is $150,000. The net rentable square footage is 641 square feet. This property is perfect for a business seeking a comfortable and functional workspace within a vibrant community.

• CAP approach

  CAP return

  Valuation

  6%

  $200,798

  6.5%

  $185,352

  7%

  $172,113

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,845

  Geo Method

  $75,845

• Alternative Use

  Use

  Valuation

  Residential

  $229,836

  Hospitality

  $210,529

  Educational

  $175,158

  Medical

  $181,182

  Retail

  $272,467

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8228

Longitude

-104.76

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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