3707 Parkmoor Village DrColorado Springs, CO 80917

Property Details for 3707 Parkmoor Village Dr

Year built

1979

Construction

WOOD FRAME

Lot size

0.92 AC

Property size (Sq ft)

6,020 SF

Zone code

OC UV

Property type

Office buildings

APN

6334104005

APU

6334104005

Description

This exceptional office suite, located at 3707 Parkmoor Village Dr in El Paso County, offers 1,200 square feet of well-designed space. Situated near the historic Penrose Hospital, this property boasts a highly desirable location on the Academy Corridor, providing easy access to major thoroughfares. The suite itself features five private offices, a welcoming reception area, a private restroom, and ample storage, making it ideal for a variety of businesses. The building benefits from significant recent exterior upgrades, including fresh stucco, enhanced exterior lighting, and improved landscaping, creating a positive first impression. The property also offers the convenience of ground-floor access with two private entrances, ensuring both privacy and accessibility. With abundant parking available, this suite provides a comfortable and functional workspace. A total of 2,200 square feet is currently vacant within the building, presenting opportunities for expansion or additional tenants. The property is zoned OC UV. This well-maintained building prioritizes tenant needs, making it an attractive option for businesses seeking a professional and convenient office environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,492,350

  6.5%

  $1,377,550

  7%

  $1,279,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $497,372

  Geo Method

  $497,372

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,759,270

  Retail / Commercial

  $1,405,700

  Mixed-Use / Specialty

  $1,393,410

  Hospitality / Lodging

  $1,012,830

  Institutional / Educational

  $1,445,990

  Residential Income

  $1,691,800

  Multifamily

  $2,069,410

  Automotive / Energy

  $1,239,420

  Parking / Income-Based Land

  $434,898

  Restaurant / Food Service

  $709,192

  Healthcare / Senior Housing

  $1,436,380

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8764

Longitude

-104.759

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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