5875 Lehman DrColorado Springs, CO 80918

Property Details for 5875 Lehman Dr

Year built

1982

Construction

WOOD FRAME

Lot size

0.79 AC

Property size (Sq ft)

6,520 SF

Zone code

PBC HS

Property type

Office buildings

APN

6316305010

APU

6316305010

Description

This exceptional 6,520-square-foot executive office building in Colorado Springs, CO, presents a compelling investment opportunity. Located at 5875 Lehman Dr, 80918, this two-level building, constructed in 1982, offers significant upside potential for an owner-user. Currently generating approximately $57,000 in net annual income, the property features multiple small tenants with flexible lease terms, allowing a new owner to occupy a substantial portion of the space for their business. The current owner occupies roughly 1,600 square feet and can lease back at market rates. The building benefits from a central location with convenient access to major thoroughfares like Academy and Woodman, and proximity to ample retail, dining, and daytime shopping options. The property includes ample parking and is well-maintained, with all building systems in good working order. Note that one tenant is a medical marijuana dispensary. The asking price is $1,200,000, translating to $184.05 per square foot. This property offers a unique blend of income generation and owner-user flexibility in a desirable Colorado Springs location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,426,147

  6.5%

  $1,316,443

  7%

  $1,222,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $538,682

  Geo Method

  $538,682

• Alternative Use

  Use

  Valuation

  Residential

  $1,632,390

  Hospitality

  $1,495,260

  Educational

  $1,244,039

  Medical

  $1,286,823

  Retail

  $1,935,172

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9172

Longitude

-104.787

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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