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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Medical Office Space
140 Parkside Dr Colorado Springs, CO 80910-3129
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0664549
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
WOOD FRAME
Total area
9,168 SF
Lot
1.05 ac (45,738 SF)
Zoning code
PBC/CR
APN
6416304006
UPID
US13-0664549
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
-
Terri Hamm-Johnson, RNC Physician
-
Fowler Stephanie MD Physician
-
Debra Q. Baker, RXN Physician
-
Judith Oldendorf, RNC Physician
-
Blue Skies Center for Women Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.04M
CAP Approach
CAP
$1.59M
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.07M
Owner & transaction history
Recovery Unlimited Real Estate LLC · 4 yrs held
Recovery Unlimited Real Estate LLC
since 2022
Last sale
$2.1M
5 recorded transactions
Zoning & alternative use
PBC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.4M
+10.8%
Auto repair, garage
$2.3M
+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
$1,945,000
ML approach
$2,040,000
CAP Approach
CAP Return
Estimation
6%
$1,720,000
6.5%
$1,590,000
7%
$1,475,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,205,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,445,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,255,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,960,000
Change: -11% · Conversion: Easy
RETAIL STORES
$1,925,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.10M (Jul 1 2022)
Last sale anchor
$2.10M
Jul 1 2022
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
$225 / 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
$26,491
Tax year 2023
Assessed value
$484,730
Assessed 2023
Previous assessed
$484,730
+0.0% YoY
Effective rate
5.47%
On assessed value
Assessed land
$85,500
Assessed improvement
$399,230
Land market value
$306,445
Improvement market value
$1,430,944
Total market value
$1,737,389
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
2004
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
9,168 SF
Lot
1.05 ac (45,738 SF)
Zoning code
PBC/CR
APN
6416304006
UPID
US13-0664549
Jurisdiction
EL PASO
Zoning & alternative use
PBC/CR · Colorado Springs, CO
Zoning PBC/CR · permitted uses
PBC/CR · 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
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
AUTO REPAIR, GARAGE
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES
Est. value
$1.9M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2004
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Recovery Unlimited Real Estate LLC
Entity
Mailing address
301 W VLY DR, WOODLAND PARK, CO 80863-8236
Ownership since
2022
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
Jul 1, 2022
$2,100,000
Recovery Unlimited Real Estate LLC
Fowler Fowler & Chan LLC
Special Warranty Deed
$1,948,000 · Central Bank & Trust Co
Jul 28, 2003
—
Fowler Fowler & Chan LLC
—
Trustees Deed
related
$873,750 · Bank At Broadmoor
Nov 4, 2002
$206,500
Fowler Fowler & Chan LLC
Gucoli LLC
Grant Deed
—
Sep 27, 2001
$422,600
Gucoli LLC
Cfmh LLC
Grant Deed
—
—
—
Fowler Fowler & Chan LLC
—
Deed Of Trust
related
$100,000 · Bank At Broadmoor
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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