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10 Boulder Crescent 22,777 SF 95% Leased Office Building Colorado Springs, CO 80903 $2,650,000 ($116.35/SF) 7.03% Cap Rate
EXECUTIVE SUMMARY
10 Boulder Crescent Street is a 95% occupied, well-maintained, multi-tenant office building located in the heart of downtown Colorado Springs, offering a prime investment opportunity with strong occupancy and historical charm.
-Recent Capital Improvements: • Asphalt Overlay • New Windows • New Heating Unit 202B • New Carpet – Front Entry Steps
-Historic Appeal: Built in 1909 with original ornate woodwork
-Well-Maintained: Recent upgrades and ongoing care ensure excellent condition
-Off-Street Tenant Parking: Dedicated parking for tenants
-Flexible Suite Sizes: Wide variety of suite sizes to accommodate different tenant needs
-Value-Add Potential: Opportunity for future rent growth or repositioning
-Proximity to Amenities: Walking distance to hotels, restaurants, public transit, and major city attractions
-Strong Market Fundamentals: Located in a growing downtown corridor with high demand for office space
-Recent Capital Improvements: • Asphalt Overlay • New Windows • New Heating Unit 202B • New Carpet – Front Entry Steps
-Historic Appeal: Built in 1909 with original ornate woodwork
-Well-Maintained: Recent upgrades and ongoing care ensure excellent condition
-Off-Street Tenant Parking: Dedicated parking for tenants
-Flexible Suite Sizes: Wide variety of suite sizes to accommodate different tenant needs
-Value-Add Potential: Opportunity for future rent growth or repositioning
-Proximity to Amenities: Walking distance to hotels, restaurants, public transit, and major city attractions
-Strong Market Fundamentals: Located in a growing downtown corridor with high demand for office space
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
22,777 SF
Building Class
B
Year Built
1909
Price
$2,650,000
Price Per SF
$116.35
Cap Rate
7.03%
NOI
$186,295
Percent Leased
95%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,592 SF
Slab To Slab
10’
Building FAR
1.24
Lot Size
0.42 AC
Zoning
OR, Colorado Springs
Parking
25 Spaces (1.1 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 101F
- 202 SF
- Office
- -
- Now
- 2nd Fl-Ste 203A
- 305 SF
- Office
- -
- Now
- 2nd Fl-Ste 203F
- 230 SF
- Office
- -
- Now
- 2nd Fl-Ste 204B
- 256 SF
- Office
- -
- Jan 2026
- 2nd Fl-Ste 204D
- 388 SF
- Office
- -
- Feb 2026
- 3rd Fl-Ste 300G (Sublease)
- 335 SF
- Office
- -
- May 2026
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 101F | 202 SF | Office | - | Now |
| 2nd Fl-Ste 203A | 305 SF | Office | - | Now |
| 2nd Fl-Ste 203F | 230 SF | Office | - | Now |
| 2nd Fl-Ste 204B | 256 SF | Office | - | Jan 2026 |
| 2nd Fl-Ste 204D | 388 SF | Office | - | Feb 2026 |
| 3rd Fl-Ste 300G (Sublease) | 335 SF | Office | - | May 2026 |
1st Fl-Ste 101F
| Size |
| 202 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 203A
| Size |
| 305 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 203F
| Size |
| 230 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 204B
| Size |
| 256 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Jan 2026 |
2nd Fl-Ste 204D
| Size |
| 388 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Feb 2026 |
3rd Fl-Ste 300G (Sublease)
| Size |
| 335 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| May 2026 |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 64182-03-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $912,140 |
PROPERTY TAXES
Parcel Number
64182-03-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$912,140
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10 Boulder Crescent
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