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Property profile & analytics
FOR SALE
Medical Office Space

1605 N Union Blvd Colorado Springs, CO 80909

8,124 SF 0.52 ac lot Built 1999
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US13-0703742
Property summary
AI-generated overview

This exceptional 13,273 square foot medical office building, located at 1605 N Union Blvd in Colorado Springs, Colorado, is available for $2,500,000 ($188.35/SF). Currently vacant, this property presents a unique opportunity for medical practitioners or investors. The building boasts 17 examination rooms, each equipped with wash stations, enhancing its functionality. Two dedicated X-ray rooms and five ADA-compliant restrooms ensure patient comfort and accessibility. Nine private office spaces provide ample room for administrative staff and consultations. Two nurse/reception areas and three storage areas offer efficient workflow management. The building also includes two wash/supply areas, two spacious lobby/waiting areas, and a dedicated mop sink closet. An elevator ensures convenient access to all floors. A large unfinished basement provides additional storage and includes access to the boiler room, complete with a sprinkler system, an exit door, and a sump pump. The building's electrical systems are fully code-compliant, and four water heaters, along with backflow prevention systems, are in place. Ample parking is available for staff and patients. This prime Colorado Springs location in El Paso County (zip code 80909) offers excellent visibility and accessibility. This is a turnkey opportunity for a medical practice seeking a well-equipped and conveniently located facility.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 8,124 SF
Lot 0.52 ac (22,500 SF)
Zoning code C5
APN 6404308039
UPID US13-0703742
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
  • Lamonica Jami L Physician
  • Leah Anne Derksen Physician
  • Ms. Alisha Walker Physician
  • Dillon Johnson, FNP-C Physician
  • Dr. Charles Mcmahon Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$940k
Owner & transaction history
Summit Equity Investments Lllp · 12 yrs held
Summit Equity Investments Lllp
since 2013
3 recorded transactions
2013
Price N/A
1999
Price N/A
1969
Price N/A
Zoning & alternative use
C5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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