555 Middle Creek PkwyColorado Springs, CO 80921

Property Details for 555 Middle Creek Pkwy

Year built

1989

Construction

CONCRETE

Lot size

15.05 AC

Property size (Sq ft)

154,641 SF

Zone code

OC/CR PIP1/CR HR

Property type

Office buildings

APN

6218101010

APU

6218101010

Description

555 Middle Creek Pkwy offers 180,218 square feet of premium office space in Colorado Springs, CO. This five-story building, constructed in 1985 and renovated in 2018, provides flexible suites ranging from 3,493 to 24,132 contiguous square feet, with a total of 67,612 square feet currently vacant. The property boasts a variety of office styles, including executive, creative, and traditional options, catering to diverse business needs. Tenants enjoy convenient access to an on-site café and a state-of-the-art fitness center. Its strategic location in the north Colorado Springs submarket offers proximity to major employment centers, premier retail destinations, and highly-rated schools. The building also provides ample parking with a ratio of 4.00 spaces per 1,000 square feet. Situated near the Santa Fe Trail, it appeals to outdoor enthusiasts while also benefiting from a strong demographic location, attracting talent from both Denver and Colorado Springs. The property is located in El Paso County, Colorado, with a zip code of 80921. This exceptional location offers an enviable commute for employees.

• CAP approach

  CAP return

  Valuation

  6%

  $33,825,276

  6.5%

  $31,223,332

  7%

  $28,993,094

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,776,439

  Geo Method

  $12,776,439

• Alternative Use

  Use

  Valuation

  Residential

  $38,716,932

  Hospitality

  $35,464,500

  Educational

  $29,506,048

  Medical

  $30,520,806

  Retail

  $45,898,296

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

39.0074

Longitude

-104.818

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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