Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    595 Chapel Hills Dr Colorado Springs, CO 80920
    Back to Search
    Property profile & analytics

    595 Chapel Hills Dr Colorado Springs, CO 80920

    View on Map
    • Office properties & Spaces
    • 62,532 SF
    • 5.67 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Avant Orthodontics / Dental Office
    • Avant Daniel a DDS / Dental Office
    • Laser Dental Of Colorado Springs - Todd M Fogarty DDS / Dental Office
    • UCHealth Primary Care - Chapel Hills / Pediatrician / Physician
    • Chapel Hills Vision Clinic- Carrie Lefler, OD / Physician

    Property Details for 595 Chapel Hills Dr

    Year built
    1999
    Lot size
    5.67 lot acres
    Property size
    62,532 SF
    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional Class A medical office building, located at 595 Chapel Hills Dr, Colorado Springs, CO 80920, offers a prime opportunity for medical professionals seeking flexible and modern space. The single, three-story building, constructed in 1999, boasts a total of 62,532 square feet, situated on a generous 5.67-acre lot. The property is zoned PIP1 and is conveniently located in the Northeast submarket of El Paso County. Multiple tenancy options are available, with suites ranging from a minimum of 831 square feet to a maximum contiguous space of 7,242 square feet. Currently, there are 20,373 square feet of vacant space ready for immediate occupancy. The building features ample parking with 5.3 spaces per 1,000 rentable square feet and convenient elevator access. This property presents a rare opportunity to establish or expand your medical practice in a highly desirable location with excellent amenities and accessibility. Inquire today to learn more about available suite sizes and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.785
    Latitude
    38.9601

    Comparable in this City

    • Value Estimation by Request
      42,770 SF

      8540 Scarborough Dr

      Medical Office Space • 42,770 SF
      8540 Scarborough Dr, Colorado Springs, CO 80920
      View Details
    • Value Estimation
      $16,835,000
      121,372 SF

      4110 Briargate Pkwy

      MEDICAL BUILDING • 121,372 SF
      4110 Briargate Pkwy, Colorado Springs, CO 80920-7835
      View Details
    • Value Estimation
      $4,140,000
      34,500 SF

      595 Chapel Hls Dr

      MEDICAL BUILDING • 34,500 SF
      595 Chapel Hls Dr, Colorado Springs, CO 80920-1022
      View Details
    • Value Estimation
      $9,675,000
      21,983 SF

      2446 Research Pkwy

      MEDICAL BUILDING • 21,983 SF
      2446 Research Pkwy, Colorado Springs, CO 80920-1087
      View Details
    • Value Estimation
      $15,530,000
      62,557 SF

      8890 Un Blvd

      MEDICAL BUILDING • 62,557 SF
      8890 Un Blvd, Colorado Springs, CO 80920-7799
      View Details
    • Value Estimation
      $1,320,000
      13,826 SF

      7606 Un Blvd Ste, Unit 100

      MEDICAL BUILDING • 13,826 SF
      7606 Un Blvd Ste, Colorado Springs, CO 80920-3873
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,347 SF

      Medical Office Condominiums For Sale

      Class A medical office condominiums leased to The Colorado Dermatology Institute.
      8580 Scarborough Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      23,683 SF

      PrimeCenter Briargate Office Building

      Single-story office building for sale or lease in Colorado Springs.
      2355 Briargate Pkwy, Colorado Springs, CO 80920
      View Details
    • $6,950,000
      47,018 SF

      Class B+ Office Building For Sale

      47,018 SF office building with I-25 visibility.
      7350 Campus Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      140,583 SF

      Corporate Headquarters Opportunity

      93,000 SF corporate headquarters with I-25 visibility.
      6860 Campus Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      21,030 SF

      Versatile Office/Flex Building For Sale

      Office/flex building with flexible configuration options in Mountain Vista.
      8145-8245 N Union Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing
      2,548 SF

      Office Condo with Pikes Peak Views

      Built-out office condo with six offices, reception, and labs.
      3210 E Woodmen Rd, Colorado Springs, CO 80920
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,857 SF

      Briargate Medical Campus Office Space

      Class A medical office building near Memorial North Hospital.
      8890 N Union Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Colorado Springs Office Space Available

      Thriving north side location with tenant improvement allowance.
      1685 Briargate Blvd, Colorado Springs, CO 80920
      View Details
    • $17 SF/Yr
      1,795 SF

      Medical/General Office Space Available

      Medical or general office complex with exam rooms and sinks.
      7608 N Union Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease in Colorado Springs.
      1755 Telstar Dr, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Office Space in Chapel Hills

      Office building in a prominent northern Colorado Springs location.
      1685 Briargate Blvd, Colorado Springs, CO 80920
      View Details
    • Contact for pricing

      Commercial Property For Lease

      Commercial property available for lease in Colorado Springs, CO.
      3531 Old Ranch Rd, Colorado Springs, CO 80920
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    595 Chapel Hills Dr
    Colorado Springs, CO 80920
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    595 Chapel Hills Dr, Colorado Springs, CO, 80920
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!