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Property profile & analytics
OFF-MARKET
Estimated value
$680,000
Medical Office Space
16055 Old Frst Pt Ste 200, Monument, CO 80132-8671
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0513068
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
WOOD FRAME
Total area
2,226 SF
Zoning code
PUD
APN
7125201013
UPID
US13-0513068
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$680k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$680k
Owner & transaction history
Smiles Of Colorado PLLC · 2 yrs held
Smiles Of Colorado PLLC
since 2024
Last sale
$680,000
5 recorded transactions
Zoning & alternative use
PUD · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$755,000
+39.3%
Warehouse, storage
$720,000
+33.5%
Neighborhood: shopping center
$615,000
+13.8%
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 Monument submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monument 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
$680,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$540,000
Current use
COMMERCIAL (GENERAL)
$755,000
Change: +39% · Conversion: Easy
WAREHOUSE, STORAGE
$720,000
Change: +33% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$615,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$525,000
Change: -3% · Conversion: Difficult
OFFICE BUILDING
$480,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$680k
Range $612k – $748k · ±10% · vs last sale $680k (Mar 28 2024)
Last sale anchor
$680k
Mar 28 2024
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
$305 / 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
$11,556
Tax year 2023
Assessed value
$134,450
Assessed 2023
Previous assessed
$134,450
+0.0% YoY
Effective rate
8.60%
On assessed value
Assessed land
$13,120
Assessed improvement
$121,330
Land market value
$47,019
Improvement market value
$434,881
Total market value
$481,900
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
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,226 SF
Zoning code
PUD
APN
7125201013
UPID
US13-0513068
Jurisdiction
EL PASO
Zoning & alternative use
PUD · Monument, CO
Zoning PUD · permitted uses
PUD · Monument, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monument. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$540,000
COMMERCIAL (GENERAL)
Est. value
$755,000
WAREHOUSE, STORAGE
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$615,000
AUTO REPAIR, GARAGE
Est. value
$605,000
RETAIL STORES
Est. value
$525,000
OFFICE BUILDING
Est. value
$480,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Smiles Of Colorado PLLC
Individual
Mailing address
615 PIONEER CP VW, PALMER LAKE, CO 80133-9011
Ownership since
2024
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
Mar 28, 2024
$680,000
Smiles Of Colorado PLLC
Walsh Holdings LLC
Special Warranty Deed
$578,000 · Bank Of America NA
Feb 5, 2010
$494,200
Walsh Holdings LLC
Elkton Condo Partners INC
Grant Deed
$570,000 · Peoples National Bank
—
—
Walsh Holdings LLC
—
Deed Of Trust
related
$269,876 · Peoples National Bank
—
—
Walsh Holdings LLC
—
Deed Of Trust
related
$275,000 · Front Range Regular Economic
—
—
Walsh Holdings LLC
—
Deed Of Trust
related
$300,124 · Peoples National Bank
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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