Financial
Distress signals
Property profile

11675 Ridgeline Dr Colorado Springs, CO 80921

FOR LEASE
Office buildings
Property ID
US13-2746394
38,715 SF 3.46 ac lot Built 2003
Last sale Apr 2024 · $5,680,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a class A flex building combining office and distribution uses within a single 37,741-square-foot facility. Constructed in 2003, it was remodeled and updated in 2024, with improvements described as completed for both tenants. The building is located in north central Colorado Springs, with access positioned near I-25. As configured, the building supports shared occupancy between office and distribution functions, with the office and distribution components arranged for concurrent use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$66k
Tax billed · 2023
Assessed value$1.07M
Assessed land$330k
Assessed improvement$736k
Effective rate6.21%

Value estimate

· Sep 2026
$5.68M
$5.11M – $6.25M
AI approach$5.68M
CAP approach$6.26M
Submarket $/SF estimate$7.95M
NOI build-up
Gross scheduled income$8k
Vacancy & credit loss−$390
Operating expenses−$3k
NOI · 0.05% cap applied$5k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$263/SF
ZIP average, outlier-cleaned · 17 recorded sales of this use type
Observed band · Q1–Q3$205 – $323
Qualifying comparables3

Cap rate analysis

How does the asset earn?
0.05%
$5k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PIP1
JurisdictionEL PASO

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.6
Wholesale Shop12.4
Auto Repair Shop12.2

Location

11675 Ridgeline Dr Colorado Springs, CO 80921
County assessor Recorded deeds · 10 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12295 Oracle, Colorado Springs, CO 80921-3903 $4,835,000 Dec 2022 20,660 SF
1820 Jet Strm, Colorado Springs, CO 80921-3618 $9,000,000 Dec 2021 49,927 SF
650 Sybilla, Colorado Springs, CO 80921-3776 $38,500,000 Aug 2021 118,720 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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