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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Office buildings
16055 Old Frst Pt Ste 301 Monument, CO 80132-8672
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1143055
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
WOOD FRAME
Total area
2,258 SF
Zoning code
PUD
APN
7125201011
UPID
US13-1143055
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
$585k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$560k
Owner & transaction history
Psm Propery 2 LLC · 8 yrs held
Psm Propery 2 LLC
since 2017
Last sale
$562,600
2 recorded transactions
Zoning & alternative use
PUD · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$765,000
+56.4%
Warehouse, storage
$735,000
+49.8%
Neighborhood: shopping center
$625,000
+27.7%
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
$555,000
ML approach
$585,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$490,000
Current use
COMMERCIAL (GENERAL)
$765,000
Change: +56% · Conversion: Easy
WAREHOUSE, STORAGE
$735,000
Change: +50% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$610,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$550,000
Change: +12% · Conversion: Easy
RETAIL STORES
$530,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $563k (Jan 5 2021)
Last sale anchor
$563k
Jan 5 2021
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
$248 / 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
$15,285
Tax year 2023
Assessed value
$175,140
Assessed 2023
Previous assessed
$175,140
+0.0% YoY
Effective rate
8.73%
On assessed value
Assessed land
$13,310
Assessed improvement
$161,830
Land market value
$47,694
Improvement market value
$580,025
Total market value
$627,719
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,258 SF
Zoning code
PUD
APN
7125201011
UPID
US13-1143055
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
OFFICE BUILDING Current
Est. value
$490,000
COMMERCIAL (GENERAL)
Est. value
$765,000
WAREHOUSE, STORAGE
Est. value
$735,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$610,000
MEDICAL BUILDING
Est. value
$550,000
RETAIL STORES
Est. value
$530,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL 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
2008
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Psm Propery 2 LLC
Entity
Mailing address
15765 PINEYCOVE CT, COLORADO SPRINGS, CO 80921-3712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2018
—
Psm Property 2 LLC
—
Deed
related
$615,500 · Central Bank & Trust Co
Aug 30, 2017
$406,440
Psm Propery 2 LLC
Elkton Condo Partners INC
Special Warranty Deed
$347,500 · Central Bank & Trust Co
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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