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Financial
Distress signals
Property profile

1605 N Union Blvd Colorado Springs, CO 80909

FOR SALE
Medical Office Space
Property ID
US13-0703742
8,124 SF 0.52 ac lot Built 1999
Last sale Apr 1998 · $164,050
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This medical office building comprises 13,273 square feet and is configured for clinical use with 17 examination rooms, each including a wash station. The interior layout includes two X-ray rooms, nine office spaces, two nurse/reception areas, three storage areas, two wash/supply areas, and two lobby/waiting areas. The property also includes a mop sink closet, ADA-compliant restroom facilities (five total), and an elevator to support accessibility. A large unfinished basement is included with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$279k
Assessed land$53k
Assessed improvement$226k
Effective rate5.31%

Value estimate

· Oct 2026
$335k
$302k – $369k
NOI build-up
Gross scheduled income$291k
Vacancy & credit loss−$23k
Operating expenses−$107k
NOI · 6.84% cap applied$161k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$241/SF
Submarket average, outlier-cleaned · 94 recorded sales of this use type
Observed band · Q1–Q3$147 – $331

Cap rate analysis

How does the asset earn?
6.84%
$161k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C5
JurisdictionEL PASO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency37.9
Law Firm33.6
Restaurant31.3

Location

1605 N Union Blvd Colorado Springs, CO 80909
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2120 La Salle, Colorado Springs, CO 80909-2218 $2,973,000 Jul 2024 10,168 SF
2105 Academy, Colorado Springs, CO 80909-1663 $1,600,000 Oct 2021 9,163 SF
3027 Cir, Colorado Springs, CO 80909-1179 $8,100,000 Jul 2021 23,105 SF
1935 Bijou, Colorado Springs, CO 80909-5816 $429,000 Dec 2020 3,200 SF
1512 Un, Colorado Springs, CO 80909-2884 $482,000 Apr 2019 3,977 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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