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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Medical Office Space
1180 Vlg Rdg Pt Monument, CO 80132-8992
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-2210959
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Construction
STEEL FRAME
Total area
4,733 SF
Lot
1.24 ac (54,014 SF)
Zoning code
CC
APN
7113210031
UPID
US13-2210959
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$857k
Blend (final)
Blend
$890k
Owner & transaction history
Tri-lakes Vision Center LLC · 7 yrs held
Tri-lakes Vision Center LLC
since 2018
4 recorded transactions
Zoning & alternative use
CC · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Commercial Center (CC) zone district. 8. Business Campus (BC) zone district. 9. Light Industrial (LI) zone district. 10. Public (P) zone district. B. In addition to the standard zoning districts listed in subsection (A) above, the following overlay zoning district is established: 1. Regency Park Overlay Zone District. The Regency Park overlay zone district c…
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
147.46 ac
Top alternative use upside
Neighborhood: shopping center
$1.3M
+13.8%
Auto repair, garage
$1.3M
+11.4%
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 Monument submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monument 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%
$925,000
6.5%
$850,000
7%
$790,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,150,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,280,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$1,115,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$1,025,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$188 / 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
$447,720
Assessed 2023
Previous assessed
$447,720
+0.0% YoY
Assessed land
$180,840
Assessed improvement
$266,880
Land market value
$648,168
Improvement market value
$956,551
Total market value
$1,604,719
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
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,733 SF
Lot
1.24 ac (54,014 SF)
Zoning code
CC
APN
7113210031
UPID
US13-2210959
Jurisdiction
EL PASO
Zoning & alternative use
CC · Monument, COZoning CC · permitted uses
CC · Monument, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Commercial Center (CC) zone district. 8. Business Campus (BC) zone district. 9. Light Industrial (LI) zone district. 10. Public (P) zone district. B. In addition to the standard zoning districts listed in subsection (A) above, the following overlay zoning district is established: 1. Regency Park Overlay Zone District. The Regency Park overlay zone district consists of the following zone districts: a.
Zone name
Commercial Center
General category
COMMERCIAL
Zone area
147.46 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2009
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.24 ac
Current owner
From public records · entity-resolved
Tri-lakes Vision Center LLC
Entity
Mailing address
1180 VLG RDG PT, MONUMENT, CO 80132-8992
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2021
—
Tri Lakes Vision Center LLC
—
Deed
related
$99,087 · American Bank Of Commerce
Nov 21, 2018
$1,350,000
Tri-lakes Vision Center LLC
1180 Village Ridge Point LLC
Grant Deed
$1,485,500 · American Bk/commerce
Sep 7, 2018
$10,990
Board Of Cnty Commissioners Of
1180 Village Ridge Point LLC
Grant Deed
—
Oct 30, 2008
$450,000
1180 Village Ridge Point LLC
Kv Dev
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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