Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Medical Office Space
1016 Middle Crk Pkwy Colorado Springs, CO 80921-2544
Entity Owned
10-yr Hold
Free & Clear
Property ID
US13-2804338
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
WOOD FRAME
Total area
4,722 SF
Lot
0.81 ac (35,265 SF)
Zoning code
OC
APN
6217201012
UPID
US13-2804338
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
-
Northgate Dental Dental Office
-
Northgate Dental Care: Carter Joshua DDS Dental Office
-
Northgate Dental, Voyager Parkway, Colorado Springs, CO Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$895k
Owner & transaction history
Maranatha LLC · 10 yrs held
Maranatha LLC
since 2015
6 recorded transactions
Zoning & alternative use
OC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with an internal traffic system or one larger office building with considerable landscaping. This type of development can serve as a transitional…
Zone name
Office Complex
General category
UNKNOWN
Zone area
25.70 ac
Top alternative use upside
Neighborhood: shopping center
$1.3M
+10.8%
Office building
$1.2M
+9.3%
Auto repair, garage
$1.2M
+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%
$885,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,135,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,260,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$1,240,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,160,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$990,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$190 / 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
Tax billed
$25,581
Tax year 2023
Assessed value
$417,100
Assessed 2023
Previous assessed
$417,100
+0.0% YoY
Effective rate
6.13%
On assessed value
Assessed land
$69,360
Assessed improvement
$347,740
Land market value
$248,618
Improvement market value
$1,246,382
Total market value
$1,495,000
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
2016
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
4,722 SF
Lot
0.81 ac (35,265 SF)
Zoning code
OC
APN
6217201012
UPID
US13-2804338
Jurisdiction
EL PASO
Zoning & alternative use
OC · Colorado Springs, COZoning OC · permitted uses
OC · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
B. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with an internal traffic system or one larger office building with considerable landscaping. This type of development can serve as a transitional use between more intensive uses of land such as major thoroughfares and/or commercial districts and the less intensive uses of land such as low density residential.
Zone name
Office Complex
General category
UNKNOWN
Zone area
25.70 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RETAIL STORES
Est. value
$990,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.81 ac
Current owner
From public records · entity-resolved
Maranatha LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1016 MIDDLE CRK PKWY, COLORADO SPRINGS, CO 80921-2544
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2020
—
Maranatha LLC
—
Deed
related
$1,605,558 · Jpmorgan Chase Bank NA
Jun 3, 2020
—
Maranatha LLC
—
Deed
related
$1,215,032 · Jpmorgan Chase Bank NA
Jun 6, 2016
—
Maranatha LLC
—
Deed
related
$1,695,000 · Umb Bank NA
Aug 12, 2015
$279,500
Maranatha LLC
Marseille Corporation
Warranty Deed
—
Apr 26, 2005
$164,700
Marseille Corp
Northgate Properties LLC
Grant Deed
—
Mar 31, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1016 Middle Crk Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
