1920 Vindicator DrColorado Springs, CO 80919

Property Details for 1920 Vindicator Dr

Year built

1994

Construction

WOOD FRAME

Lot size

1.36 AC

Property size (Sq ft)

12,600 SF

Zone code

OC/CR HS

Property type

Office buildings

APN

7311317016

APU

7311317016

Description

This exceptional Class A office building, the Vindicator Professional Center, presents a unique investment opportunity in Colorado Springs, CO. Located at 1920 Vindicator Dr, this two-story building boasts a total of 12,023 square feet, with 4,114 square feet currently available for lease. The property is zoned OC/CR, HS, and enjoys a prime location at the northeast corner of Vindicator Drive and Centennial Boulevard. The building features abundant parking and prominent monument signage, enhancing visibility and accessibility. Its attractive setting is further complemented by an adjacent park, providing a tranquil and appealing environment. Individual suites are metered for electric and gas usage, offering tenants cost-effective control over utilities. The interior common area is a highlight, showcasing a stunning two-story glass atrium, an elevator, and elegant finishes including cherry wood and granite flooring. This property offers multiple tenancy options within a well-maintained, high-quality building, making it ideal for a variety of businesses seeking a prestigious and functional workspace in a desirable Colorado Springs location. The building consists of one structure with two stories.

• CAP approach

  CAP return

  Valuation

  6%

  $2,756,051

  6.5%

  $2,544,047

  7%

  $2,362,329

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,041,012

  Geo Method

  $1,041,012

• Alternative Use

  Use

  Valuation

  Residential

  $3,154,618

  Hospitality

  $2,889,614

  Educational

  $2,404,124

  Medical

  $2,486,806

  Retail

  $3,739,749

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.929

Longitude

-104.863

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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