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Southwest Downtown URA - Future Phases


NWC West Cimarron Street & South Sierra Madre Street, Colorado Springs, CO 80903

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  • Property Type Office - General Office
  • Property Size 570,000 SF
  • Lot Size 3.55 Acre


  • Walk Score ® Car-Dependent (50)
  • Transit Score ® Some Transit (47)
  • Bike Score ® Very Bikeable (76)
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  • City Colorado Springs, CO
  • Neighborhood Old North End
  • Zip Code 80903
  • Market Denver

Points of Interest

Manitou Springs

5.84 miles


0.41 miles

Tesla Supercharger

0.94 miles

Native Roots Dispensary

1.60 miles

Maverik (Truck)

3.17 miles


3.53 miles


4.15 miles

Domino's EV Charger

4.24 miles

Dominos' EV Charger

4.92 miles


5.94 miles


6.53 miles

City Administration Building Parking Garage

0.40 miles

Conover Building Parking

0.51 miles

UMB Parking

0.53 miles

Fire Department Parking

0.56 miles

First United Methodist Church Parking

0.92 miles


1.11 miles


1.21 miles

High Street Lot

3.40 miles


4.48 miles

Hiawatha Gardens Parking

4.79 miles

SpringHill Suites Colorado Springs Downtown

0.25 miles

The Antlers

0.34 miles

Travel Inn

0.38 miles

Crescent Lily Inn

0.68 miles

St. Mary's Inn

0.97 miles

Sun Springs Motel

1.16 miles

Stagecoach Motel

1.40 miles

F. Don Miller athlete residence hall

1.97 miles

William E. Simon athlete residence hall

2.01 miles

Oslo residence hall

2.06 miles


0.30 miles

Everest Nepal Restaurant

0.60 miles

Fratelli Ristorante Italiano

0.61 miles

Tokyo Joes

1.34 miles

Westside Cantina

2.36 miles

The Deep Dish Lounge Pizza, Wings & Arcade

2.50 miles

Taco star

2.59 miles


3.28 miles

Lulu's Downstairs

3.96 miles

La Baguette French Bistro

4.61 miles

Paul Mitchell - The School

0.26 miles

University of Phoenix

0.40 miles

Pikes Peak Community College Downtown Studio Campus

0.43 miles

Pikes Peak Community College Downtown Studio Art Gallery

0.44 miles

Columbia Elementary School

1.31 miles

University of Phoenix

2.88 miles

Pauline Memorial Catholic School

3.07 miles

James Monroe Elementary School

3.40 miles

Nazarene Bible College

4.21 miles

Adelina Otero Elementary School

4.23 miles

Early Connections Learning Center

0.29 miles

Cheryl Schlessman Bennett Children's Center

1.30 miles

Creekside Daycare

2.35 miles


3.69 miles

Little Tykes Learning Center

4.23 miles

inbloom Autism Services

5.89 miles

Alpine Autism Center

5.92 miles

Child Development Center

6.79 miles


6.86 miles

La Petite Academy

6.90 miles


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  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Colorado Springs

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Asking Rents in Colorado Springs Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $21.08
  • 2020 Office Vacancy Rate 14.71%
  • 2020 Office Completions (SF)

Colorado Springs Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $155.39
  • Y-o-Y Avg. PpSF Change 24.17%
  • 2020 Office Sales Volume $159M
  • 2020 Number of Transactions 14
View more Colorado Springs market trends


  • Property Tax in 2021 $49,955
  • Market Value* $1,327,509
  • Assessed Value $1,327,509

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Southwest Downtown URA - Future Phases?

Southwest Downtown URA - Future Phases totals 570,000 square feet.

When was this property built?

Southwest Downtown URA - Future Phases was built in 2020.

What is the property tax for Southwest Downtown URA - Future Phases?

The property tax for Southwest Downtown URA - Future Phases in 2021 was $49,955.

What is the market value for Southwest Downtown URA - Future Phases?

The market value* for Southwest Downtown URA - Future Phases in 2021 was $1,327,509.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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