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Property profile & analytics
OFF-MARKET
Estimated value
$12,935,000
Office buildings
1030 Academy Blvd Colorado Springs, CO 80910-3923
Entity Owned
9-yr Hold
Free & Clear
Property ID
US13-1038540
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
70,433 SF
Lot
5.77 ac (251,341 SF)
Zoning code
PBC AO
APN
6422405001
UPID
US13-1038540
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
-
Med Badge Office Public Health Department
-
JJ073MH Industrial Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.38M
Comparable Approach
Comparable
$11.91M
Blend (final)
Blend
$12.94M
Owner & transaction history
1050 South Academy LLC · 9 yrs held
1050 South Academy LLC
since 2016
6 recorded transactions
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.8M
+24.8%
Auto repair, garage
$17.3M
+15.3%
Medical building
$16.9M
+12.6%
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%
$12,325,000
6.5%
$11,380,000
7%
$10,565,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,040,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,775,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$17,335,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$16,940,000
Change: +13% · Conversion: Easy
RETAIL STORES
$14,800,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$12.94M
Range $11.64M – $14.23M · ±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
$184 / 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
$1,718,240
Assessed 2023
Previous assessed
$1,718,240
+0.0% YoY
Assessed land
$269,980
Assessed improvement
$1,448,260
Land market value
$967,663
Improvement market value
$5,190,902
Total market value
$6,158,565
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
70,433 SF
Lot
5.77 ac (251,341 SF)
Zoning code
PBC AO
APN
6422405001
UPID
US13-1038540
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, CO
Zoning PBC AO · permitted uses
PBC AO · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$15.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.8M
AUTO REPAIR, GARAGE
Est. value
$17.3M
MEDICAL BUILDING
Est. value
$16.9M
RETAIL STORES
Est. value
$14.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1981
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.77 ac
Current owner
From public records · entity-resolved
1050 South Academy LLC
Entity
Free & Clear · 9 yrs held
Mailing address
7500 E ARAPAHOE RD STE #333, CENTENNIAL, CO 80112-6114
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2016
$3,100,000
1050 South Academy LLC
Kaiohu Academy Point LLC
Grant Deed
—
Jul 2, 2013
$5,500,000
Kaiohu Academy Point LLC
Svn Academy Point LLC
Grant Deed
$4,000,000 · Wells Fargo Bank
Nov 2, 2007
$5,000,000
Svn Academy Point LLC
Cmd Realty Inv Fund III
Grant Deed
$5,240,000 · Wachovia Bank NA
Apr 16, 1997
—
Realty Inv Fund Cmd III
Metropolitan Life Insurance Co
Quit Claim Deed
related
—
—
—
Svn Academy Point LLC
—
Deed Of Trust
related
—
—
—
Svn Academy Point LLC
—
Deed Of Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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