444 Pikes Peak AveColorado Springs, CO 80903

Property Details for 444 Pikes Peak Ave

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.44 AC

Property size (Sq ft)

22,144 SF

Zone code

FBZ-T2A

Property type

Office buildings

APN

6418114114

APU

6418114114

Description

This exceptional 2,500-square-foot executive office suite is situated in the prestigious Eastern Bank of Colorado Building at 444 E Pikes Peak Ave, El Paso County. The entire space is currently vacant and available for immediate occupancy as a single-tenant lease. The office is beautifully furnished, making it ideal for a business seeking a move-in ready solution. Short-term lease options are preferred, offering flexibility for businesses with evolving needs. The property boasts excellent on-site parking, a significant advantage in a busy urban area. Its convenient location provides easy access to downtown, enhancing its appeal for businesses seeking both a prestigious address and convenient commute for employees. The building itself is a single structure, ensuring a cohesive and private work environment. This turnkey solution eliminates the need for extensive setup and allows businesses to focus on their core operations from day one. The fully furnished space is ready for immediate occupation, minimizing downtime and maximizing productivity. The combination of prime location, ample parking, and a fully furnished interior makes this executive suite an unparalleled opportunity. Inquire today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,843,650

  6.5%

  $4,471,062

  7%

  $4,151,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,829,537

  Geo Method

  $1,829,537

• Alternative Use

  Use

  Valuation

  Residential Income

  $5,544,116

  Hospitality / Lodging

  $5,078,381

  Institutional / Educational

  $4,225,154

  Healthcare / Senior Housing

  $4,370,463

  Retail / Commercial

  $6,572,460

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8341

Longitude

-104.816

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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