555 Middle Creek PkwyColorado Springs, CO 80921

  • Office properties
  • 154,641 SF
For Sale
$26,000,000 View listing

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
555 Middle Creek Pkwy, Colorado Springs, Colorado

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
-
$192,860
$192,860
-
-
$691,245
$691,245

FAQs

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