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    Property profile & analytics

    1335 Baptist Rd Colorado Springs, CO 80921

    • Office buildings
    • 2,895 SF
    • 7.01 lot acres
    OFF-MARKET
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1466821
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1335 Baptist Rd

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    7.01 lot acres
    Property size
    2,895 SF
    Zone code
    R-4
    Property type
    Office buildings
    APN
    7135000013
    APU
    7135000013

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $470,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $608,000
      Market price range: $93.1k - $609k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $760,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $770,000
      Change: +1% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $715,000
      Change: -6% Conversion: Difficult
      MEDICAL BUILDING
      $695,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.852
    Latitude
    39.0434
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $26,410
    $580,500
    $606,910
    -
    $94,660
    $2,080,629
    $2,175,289

    Comparable in this City

    • Value Estimation
      $3,575,000
      20,752 SF

      790 Stout Rd

      OFFICE BUILDING • 20,752 SF
      790 Stout Rd, Colorado Springs, CO 80921-3802
      View Details
    • Value Estimation
      $38,420,000
      118,720 SF

      650 Sybilla Ln

      OFFICE BUILDING • 118,720 SF
      650 Sybilla Ln, Colorado Springs, CO 80921-3776
      View Details
    • Value Estimation
      $12,475,000
      80,676 SF

      9910 Federal Dr

      OFFICE BUILDING • 80,676 SF
      9910 Federal Dr, Colorado Springs, CO 80921-3835
      View Details
    • Value Estimation by Request
      3,000 SF

      13560 Northgate Ests Dr Ste, Unit 100

      OFFICE BUILDING • 3,000 SF
      13560 Northgate Ests Dr Ste, Colorado Springs, CO 80921-7654
      View Details
    • Value Estimation by Request
      3,000 SF

      13570 Northgate Ests Dr Ste, Unit 100

      OFFICE BUILDING • 3,000 SF
      13570 Northgate Ests Dr Ste, Colorado Springs, CO 80921-7655
      View Details
    • Value Estimation
      $580,000
      1,819 SF

      13710 Struthers Rd Ste, Unit 125

      OFFICE BUILDING • 1,819 SF
      13710 Struthers Rd Ste, Colorado Springs, CO 80921-2416
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      98.00 Acres

      Falcon Commerce Center: Monument, CO

      Mixed-use development, I-25 access
      1521 Baptist Rd, Cascade-Chipita Park, CO 80921
      View Details
    • Contact for pricing
      10,376 SF

      Office Condo in Creekside Park

      Office condo for sale with common area and elevator.
      1720 Jet Stream Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      2,404 SF

      Foothills Farms Office Space Available

      Brand new, upscale office space for lease or sale.
      9540 Federal Dr, Colorado Springs, CO 80921
      View Details
    • $1,050,000
      1.62 Acres

      Ent Parkway Medical Office Opportunity

      Colorado Springs medical office building, 1.62 acres.
      0 Ent Pkwy & Federal Dr, Colorado Springs, CO 80921
      View Details
    • $26,000,000
      187,373 SF

      Colorado Springs Office Building

      Prestigious Office, Mountain Views, Value-Add
      555 Middle Creek Pkwy, Colorado Springs, CO 80921
      View Details

    Similar Nearby for Lease

    • $29 SF/Yr
      24,198 SF

      Colorado Springs Medical Office Space

      New Medical Office Building - Pre-leasing Now
      850 Stout Rd, Colorado Springs, CO 80921
      View Details
    • $22 SF/Yr
      54,057 SF

      Interquest 2 Medical Office Space

      Class A medical office suites, Colorado Springs.
      9925 Federal Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      2,333 SF

      Office Suite Near I-25

      Office suite for lease with easy access to I-25.
      13570 Meadowgrass Dr, Colorado Springs, CO 80921
      View Details
    • Contact for pricing
      106 SF

      Office Space with Secure Access

      Office space featuring common areas and 24-hour secure access.
      13540 Northgate Estates Dr, Colorado Springs, CO 80921
      View Details
    • $18 SF/Yr
      180,218 SF

      Colorado Springs Office Space

      Prime Office Building, Flexible Suites Available
      555 Middle Creek Pkwy, Colorado Springs, CO 80921
      View Details
    • $3,000 /Mo

      Gleneagle Class A Office Property

      Class A office with mountain views and convenient access.
      13710 Struthers Rd, Colorado Springs, CO 80921
      View Details
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    1335 Baptist Rd
    Colorado Springs, CO 80921
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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