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Property profile & analytics
OFF-MARKET
Medical Office Space
1414 Hancock Ave, Colorado Springs, CO 80903-2655
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-0407389
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,630 SF
Lot
0.09 ac (3,780 SF)
Zoning code
PBC
APN
6408201011
UPID
US13-0407389
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
-
Crestview Assisted Living Nursing Home Retirement Community
-
Dr. Laurence S. Lopez, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rss Properties LLC · 12 yrs held
Rss Properties LLC
since 2013
7 recorded transactions
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,075
Tax year 2023
Assessed value
$100,990
Assessed 2023
Previous assessed
$100,990
+0.0% YoY
Effective rate
5.03%
On assessed value
Assessed land
$9,700
Assessed improvement
$91,290
Land market value
$34,776
Improvement market value
$327,205
Total market value
$361,981
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
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,630 SF
Lot
0.09 ac (3,780 SF)
Zoning code
PBC
APN
6408201011
UPID
US13-0407389
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.
Building & site characteristics
From public records
Year built
1953
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Rss Properties LLC
Entity
Mailing address
1414 N HANCOCK AVE, COLORADO SPRINGS, CO 80903-2655
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2019
—
Rss Properties LLC
—
Deed
related
$293,514 · Farmers St Bk/calhan
Oct 3, 2013
—
Rss Properties LLC
Ebv1 LLC
Grant Deed
$180,000 · Laurence S Lopez
Feb 11, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Feb 11, 2010
$190,000
Ebv1 LLC
Lopez,laurence S
Warranty Deed
$180,000 · Laurence S Lopez
Nov 19, 2008
—
Laurence S Lopez
Andrade,juan
Quit Claim Deed
related
—
Nov 23, 2005
—
Juan Andrade
Great Lorencio LLC
Quit Claim Deed
related
—
May 16, 2001
$170,000
Great Lorencio LLC
Hickenlooper,gary N
Grant Deed
$222,000 · Money Store Investment Corp
—
—
Rss Properties LLC
—
Deed Of Trust
related
$293,514 · Farmers St Bk/calhan
—
—
Rss Properties LLC
—
Deed Of Trust
related
$3,548 · William D & Judith H Peer
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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