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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Medical Office Space
1015 Pike Peak Ave Colorado Springs, CO 80903-3782
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US13-0320488
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
WOOD FRAME
Total area
14,400 SF
Lot
1.99 ac (86,510 SF)
Zoning code
OC/CR
APN
6417222003
UPID
US13-0320488
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
UCHealth - Jill Murray MD Physician
-
UCHealth - Deborah Lasley MD Physician
-
Greccio Housing Charitable Organization Social Service Agency
-
Ruiz Celine Employment Agency
-
UCHealth - Diana Gue DNP Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.26M
Owner & transaction history
Greccio Housing Unlimited INC · 10 yrs held
Greccio Housing Unlimited INC
since 2016
7 recorded transactions
Zoning & alternative use
OC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+3.6%
Auto repair, garage
$3.5M
+2.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,705,000
6.5%
$2,495,000
7%
$2,315,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,465,000
Current use
OFFICE BUILDING
$3,590,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,545,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$3,025,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$531,350
Assessed 2023
Previous assessed
$531,350
+0.0% YoY
Assessed land
$159,280
Assessed improvement
$372,070
Land market value
$570,907
Improvement market value
$1,333,574
Total market value
$1,904,481
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
YES
Cooling
YES
Stories
1
Rooms
6
Bathrooms
1
Total area
14,400 SF
Lot
1.99 ac (86,510 SF)
Zoning code
OC/CR
APN
6417222003
UPID
US13-0320488
Jurisdiction
EL PASO
Zoning & alternative use
OC/CR · Colorado Springs, COZoning OC/CR · permitted uses
OC/CR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$3.5M
RETAIL STORES
Est. value
$3.0M
MEDICAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
YES
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
1.99 ac
Current owner
From public records · entity-resolved
Greccio Housing Unlimited INC
Entity
Mailing address
1015 E PIKE PEAK AVE STE #110, COLORADO SPRINGS, CO 80903-5700
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2023
—
Greccio Housing Unlimited INC
—
Deed
related
$414,448 · Ent Cu
Dec 17, 2020
—
Greccio Housing Unlimited INC
—
Deed
related
$500,000 · Ent Cu
Jan 22, 2020
—
Greccio Housing Unlimited INC
—
Deed
related
$800,000 · Myron Stratton Home
Oct 4, 2019
—
Greccio Housing Unlimited INC
—
Deed
related
$800,000 · Myron Stratton Home
Feb 22, 2016
$1,050,000
Greccio Housing Unlimited INC
Tenfifteen LLC
Warranty Deed
$1,150,000 · Ent Credit Union
Dec 8, 1999
$1,200,000
Tenfifteen LLC
Physicians Network Of Colorado
Grant Deed
$1,281,000 · Money Store Investment Corp
—
—
Greccio Housing Unlimited INC
—
Deed Of Trust
related
$800,000 · Myron Stratton Home
—
—
Greccio Housing Unlimited INC
—
Loan Modification
related
$800,000 · Myron Stratton Home
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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