555 Middle Creek PkwyColorado Springs, CO 80921
- Office properties
- 154,641 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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