5140 Union BlvdColorado Springs, CO 80918

Property Details for 5140 Union Blvd

Year built

1972

Construction

WOOD FRAME

Property size (Sq ft)

4,588 SF

Zone code

OC

Property type

Office buildings

APN

6321106034

APU

6321106034

Description

This exceptional two-story executive office building, located at 5140 N Union Blvd in Colorado Springs, CO 80918, offers 4,588 square feet of completely vacant space. Built in 1972 and extensively renovated in 2012, the property boasts a modern interior within a well-maintained structure. The building's strategic location at the bustling intersection of N Academy Blvd and N Union Blvd provides unparalleled access to major transportation arteries, a wide array of retail establishments, and numerous dining options. The convenient location ensures high visibility and easy accessibility for both employees and clients. The property is zoned OC and features a single-tenant occupancy, making it ideal for a business seeking a prominent and functional headquarters. The building's 4,588 square feet are spread across two stories, offering flexibility in layout and design to suit diverse business needs. The property's APN is 6321106034. This is a rare opportunity to acquire a well-maintained, centrally located office building in a thriving Colorado Springs market, perfect for owner-occupancy or investment. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,003,552

  6.5%

  $926,356

  7%

  $860,188

• Comparable approach

  Method

  Valuation

  Relative Method

  $379,061

  Geo Method

  $379,061

• Alternative Use

  Use

  Valuation

  Residential

  $1,148,682

  Hospitality

  $1,052,186

  Educational

  $875,407

  Medical

  $905,513

  Retail

  $1,361,744

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.9051

Longitude

-104.776

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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