4905 Union BlvdColorado Springs, CO 80918

Property Details for 4905 Union Blvd

Year built

1978

Construction

WOOD FRAME

Lot size

0.71 AC

Property size (Sq ft)

15,672 SF

Zone code

PBC

Property type

Office properties

Property subtype

Office buildings

APN

6321407005

APU

6321407005

Description

This exceptional three-story office building, situated at 4905 N Union Blvd in Colorado Springs, CO 80918, offers a prime location just one block south of Academy Boulevard. Boasting 15,672 square feet of total space, the building features a convenient and highly visible street presence. Currently, 1,512 square feet are vacant, presenting an immediate opportunity for a new tenant. The building is handicap accessible, equipped with an automated entry door and elevator for easy access from the ample on-site parking (47 spaces). Suite 100, a ground floor space of 1,100 square feet, is particularly well-suited for professional use, featuring two private offices, a kitchen area with a sink, and a spacious multi-purpose room ideal for a reception or waiting area. The property sits on a 0.71-acre lot and is zoned PBC. The lease is a modified gross lease, with tenants responsible for their pro-rata share of utilities and landscaping maintenance. This building provides excellent signage opportunities and high visibility, making it an ideal location for a variety of businesses. Don't miss this chance to secure a prominent space in a thriving Colorado Springs location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,428,002

  6.5%

  $3,164,310

  7%

  $2,938,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,294,821

  Geo Method

  $1,294,821

• Alternative Use

  Use

  Valuation

  Residential

  $3,923,744

  Hospitality

  $3,594,129

  Educational

  $2,990,273

  Medical

  $3,093,113

  Retail

  $4,651,536

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9029

Longitude

-104.776

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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