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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Medical Office Space
1130 Lk Plz Dr Colorado Springs, CO 80906-3594
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US13-2454097
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD FRAME
Total area
7,476 SF
Lot
0.99 ac (42,968 SF)
Zoning code
PBC
APN
6432202040
UPID
US13-2454097
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
-
ABBA Eyecare Physician
-
Traci M. Peters, OD Physician
-
David Robbins Physician
-
Dr. Kerry Garwood Physician
-
Dr. Soraya Keshmiri Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
$969k
Blend (final)
Blend
$1.15M
Owner & transaction history
Abba Real Estate INC · 13 yrs held
Abba Real Estate INC
since 2012
7 recorded transactions
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+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%
$1,320,000
6.5%
$1,220,000
7%
$1,130,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,800,000
Current use
AUTO REPAIR, GARAGE
$1,840,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,595,000
Change: -11% · Conversion: Easy
RETAIL STORES
$1,570,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±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
$153 / 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
$23,088
Tax year 2023
Assessed value
$458,080
Assessed 2023
Previous assessed
$458,080
+0.0% YoY
Effective rate
5.04%
On assessed value
Assessed land
$117,480
Assessed improvement
$340,600
Land market value
$421,086
Improvement market value
$1,220,796
Total market value
$1,641,882
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
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
7,476 SF
Lot
0.99 ac (42,968 SF)
Zoning code
PBC
APN
6432202040
UPID
US13-2454097
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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
MEDICAL BUILDING Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE 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
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
Abba Real Estate INC
Entity
Mailing address
4565 HILTON PKWY STE #201, COLORADO SPRINGS, CO 80907-3541
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2020
—
Abba Real Estate INC
—
Deed
related
$5,152,173 · Marcus Meyer
Dec 27, 2016
—
Abba Real Estate INC
—
Deed
related
$5,500,000 · Bank Of America
Jul 31, 2012
—
Abba Real Estate INC
Abba Eye Care INC
Quit Claim Deed
—
Dec 17, 2008
—
Abba Eye Care Incorporated
Abba Real Estate INC
Warranty Deed
$1,423,000 · Wachovia Sba Lending INC
Mar 10, 2008
$287,500
Abba Real Estate INC
Lald LLC
Warranty Deed
$244,375 · Colorado Capital Bank
Mar 10, 2008
—
Lald LLC
Cs Restaurants I LLC
Quit Claim Deed
related
—
Dec 27, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Abba Real Estate INC
—
Deed Of Trust
related
$5,152,173 · Marcus Meyer
—
—
Abba Real Estate INC
—
Deed Of Trust
related
$845,322 · Firstbank
—
—
Abba Eye Care INC
—
Deed Of Trust
related
$1,027,721 · Wells Fargo Bank
—
—
Abba Real Estate INC
—
Deed Of Trust
related
$5,500,000 · Bank Of America
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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