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    Property profile & analytics

    5731 Academy Blvd, Unit 5759 Colorado Springs, CO 80918-3684

    • Office buildings
    • 28,857 SF
    • 1.38 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2022
    $7,200,000
    Value Estimations
    $8,150,000
    Show details
    Cap Rate Potential
    5.4%
    Office buildings
    Location Intelligence
    Property ID
    US13-2231881
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Robert Ochsner / Family Practice Physician
    • Sandstone Outpatient / Association Or Organization
    • Sandstone Care Colorado Springs Outpatient Center / Addiction Treatment Center / Alcoholism Treatment Program

    Property Details for 5731 Academy Blvd

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.38 lot acres
    Property size
    28,857 SF
    Zone code
    C5 P CU
    Property type
    Office buildings
    APN
    6316311006
    APU
    6316311006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,370,000
      ML approach
      $8,490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,570,000
      6.5%
      $6,990,000
      7%
      $6,490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,433,000
      Market price range: $4.01M - $7.00M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.787
    Latitude
    38.9144
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $20,937
    $279,240
    $1,001,120
    $1,280,360
    -
    $1,000,865
    $3,588,264
    $4,589,129

    Comparable in this City

    • Value Estimation
      $280,000
      2,574 SF

      1186 Austin Blfs Pkwy

      OFFICE BUILDING • 2,574 SF
      1186 Austin Blfs Pkwy, Colorado Springs, CO 80918
      View Details
    • Value Estimation
      $295,000
      1,025 SF

      5585 Erindale Dr Ste, Unit 101

      OFFICE BUILDING • 1,025 SF
      5585 Erindale Dr Ste, Colorado Springs, CO 80918-6966
      View Details
    • Value Estimation
      $295,000
      1,021 SF

      5555 Erindale Dr Ste, Unit 101

      OFFICE BUILDING • 1,021 SF
      5555 Erindale Dr Ste, Colorado Springs, CO 80918-6964
      View Details
    • Value Estimation
      $295,000
      1,023 SF

      5585 Erindale Dr Ste, Unit 102

      OFFICE BUILDING • 1,023 SF
      5585 Erindale Dr Ste, Colorado Springs, CO 80918-6966
      View Details
    • Value Estimation
      $295,000
      1,022 SF

      5585 Erindale Dr Ste, Unit 107

      OFFICE BUILDING • 1,022 SF
      5585 Erindale Dr Ste, Colorado Springs, CO 80918-6966
      View Details
    • Value Estimation
      $280,000
      7,700 SF

      1867 Austin Blfs Pkwy

      OFFICE BUILDING • 7,700 SF
      1867 Austin Blfs Pkwy, Colorado Springs, CO 80918-7879
      View Details

    Similar Nearby for Sale

    • $2,200,000
      16,803 SF

      Three-Building Office Park For Sale

      Three-building office park in North Academy Blvd corridor.
      1860-1880 Dublin Blvd, Colorado Springs, CO 80918
      View Details
    • $4,370,275
      21,030 SF

      Turn-Key Office Investment Opportunity

      Class B office building fully leased with long-term tenants.
      2270 La Montana Way, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      0.05 Acres

      Professional Office Building For Sale

      Professional office building with private offices and executive suites available.
      5140 N Union Blvd, Colorado Springs, CO 80918
      View Details
    • $1,400,000
      7,940 SF

      Colorado Springs Office Building For Sale

      7,940 SF office building available in Colorado Springs.
      1867 Austin Bluffs Pkwy, Colorado Springs, CO 80918
      View Details
    • $1,499,000

      Two-Story Office Building For Sale

      Well-maintained office building with strong tenant mix in prime location.
      6035 Erin Park Dr, Colorado Springs, CO 80918
      View Details
    • $900,000
      5,928 SF

      Turn-Key Office Property For Sale

      Stable, fully occupied office building in North Academy corridor.
      6015 Lehman Dr, Colorado Springs, CO 80918
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      15,249 SF

      Versatile Commercial Spaces For Lease

      Exceptional commercial spaces available for lease in two well-maintained buildings.
      5775 N Union Blvd, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      2,531 SF

      Class A Office Building For Rent

      Well-located, newly renovated Class A office building with ample parking.
      5225 N Academy Blvd, Colorado Springs, CO 80918
      View Details
    • Contact for pricing
      167 SF

      Two-Story Office Building For Rent

      8,742 SF office building with monument signage available.
      5925 Lehman Dr, Colorado Springs, CO 80918
      View Details
    • $13 SF/Yr
      9,998 SF

      Dominion Way Executive Office Suite

      Move-in ready office space in Colorado Springs.
      1980 Dominion Way, Colorado Springs, CO 80918
      View Details
    • $12 SF/Yr
      2,688 SF

      Colorado Springs Retail/Office Space

      Renovated retail/office building in central Colorado Springs.
      5604-5676 N Union Blvd, Colorado Springs, CO 80918
      View Details
    • $18 SF/Yr
      1,860 SF

      Office Space For Rent

      Office space available for lease in Colorado Springs, CO.
      6189 Lehman Dr, Colorado Springs, CO 80918
      View Details
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    Colorado Springs, CO 80918-3684
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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