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Property profile & analytics
OFF-MARKET
Estimated value
$20,725,000
Office buildings
1050 Newport Rd 1090, Colorado Springs, CO 80916-2742
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2830951
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
CONCRETE
Total area
93,329 SF
Lot
10.89 ac (474,368 SF)
Zoning code
PIP2/CR AO
APN
6424104006
UPID
US13-2830951
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
-
ENSCO - Colorado Springs, CO Office Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.73M
Owner & transaction history
Stafford Holdings LLC · 4 yrs held
Stafford Holdings LLC
since 2021
Last sale
$21.4M
5 recorded transactions
Zoning & alternative use
PIP2/CR AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$24.9M
+24.8%
Auto repair, garage
$23.0M
+15.3%
Medical building
$22.5M
+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
$21,365,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,205,000
6.5%
$18,650,000
7%
$17,315,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$19,930,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$24,875,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,975,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$22,450,000
Change: +13% · Conversion: Easy
RETAIL STORES
$19,610,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$20.73M
Range $18.65M – $22.80M · ±10% · vs last sale $21.44M (Oct 28 2021)
Last sale anchor
$21.44M
Oct 28 2021
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
$222 / 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
$367,482
Tax year 2023
Assessed value
$7,166,450
Assessed 2023
Previous assessed
$7,166,450
+0.0% YoY
Effective rate
5.13%
On assessed value
Assessed land
$615,420
Assessed improvement
$6,551,030
Land market value
$2,205,811
Improvement market value
$23,480,400
Total market value
$25,686,211
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
2005
Construction
CONCRETE
Heating
YES
Cooling
YES
Buildings
2
Stories
3
Total area
93,329 SF
Lot
10.89 ac (474,368 SF)
Zoning code
PIP2/CR AO
APN
6424104006
UPID
US13-2830951
Jurisdiction
EL PASO
Zoning & alternative use
PIP2/CR AO · Colorado Springs, CO
Zoning PIP2/CR AO · permitted uses
PIP2/CR 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
$19.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$24.9M
AUTO REPAIR, GARAGE
Est. value
$23.0M
MEDICAL BUILDING
Est. value
$22.5M
RETAIL STORES
Est. value
$19.6M
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
2005
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Lot
10.89 ac
Current owner
From public records · entity-resolved
Stafford Holdings LLC
Entity
Mailing address
8840 SW HOLLY LN, WILSONVILLE, OR 97070-9773
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2021
$21,437,700
Stafford Holdings LLC
Lsref4 Dual LLC
Special Warranty Deed
$15,000,000 · Standard Insurance Co
Jan 20, 2016
$8,235,000
Lsref4 Dual LLC
Bre West Pooled Office Owner LLC
Special Warranty Deed
$2,667,006 · Citibank NA
Jul 23, 2015
$15,641,200
Bre West Pooled Office Owner L
Ge Coml Fin Busn Prop Corp
Grant Deed
—
Sep 11, 2006
$23,450,000
Coml Finance Busn Prop Co Ge
Aerotech Partners One LLC
Grant Deed
—
Apr 27, 2005
$1,780,515
Aerotech Partners One LLC
Realty Dev Services LLC
Warranty Deed
—
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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