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Property profile & analytics
OFF-MARKET
Estimated value
$5,345,000
Medical Office Space
1615 Medical Ctr Pt Colorado Springs, CO 80907-5788
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-1147868
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,072 SF
Lot
1.31 ac (57,064 SF)
Zoning code
OC/CR
APN
6332401003
UPID
US13-1147868
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
-
Kern Low Pediatrician Physician
-
Optum Dumpster Rental General Contractor Waste Management Facility
-
Dr. Stephen M. Ford, MD Physician
-
Michael Hjelkrem, MD Physician
-
Optum Peak Endoscopy Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.35M
Owner & transaction history
1615 Mp Rk6 LLC · 3 yrs held
1615 Mp Rk6 LLC
since 2023
Last sale
$5.4M
2 recorded transactions
Zoning & alternative use
OC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+81.9%
Apartment house (5+ units)
$4.5M
+69.7%
Commercial (general)
$4.3M
+59.9%
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
Method
Estimation
Statistic approach
$5,210,000
ML approach
$5,475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,845,000
Change: +82% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,520,000
Change: +70% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,260,000
Change: +60% · Conversion: Easy
Blend value · Realmo final
$5.35M
Range $4.81M – $5.88M · ±10% · vs last sale $5.35M (Jul 5 2023)
Last sale anchor
$5.35M
Jul 5 2023
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
$483 / 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
$34,053
Tax year 2023
Assessed value
$629,900
Assessed 2023
Previous assessed
$629,900
+0.0% YoY
Effective rate
5.41%
On assessed value
Assessed land
$126,570
Assessed improvement
$503,330
Land market value
$453,651
Improvement market value
$1,804,036
Total market value
$2,257,687
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
11,072 SF
Lot
1.31 ac (57,064 SF)
Zoning code
OC/CR
APN
6332401003
UPID
US13-1147868
Jurisdiction
EL PASO
Zoning & alternative use
OC/CR · Colorado Springs, CO
Zoning OC/CR · permitted uses
OC/CR · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1990
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
1615 Mp Rk6 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2023
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
Jan 12, 2024
—
Colorado Springs 1615 Mp Rk6 LLC
—
Deed
related
$173,260,000 · Capital One Bank NA
Jul 5, 2023
$5,350,000
1615 Mp Rk6 LLC
Colorado Springs Surgery Center Ltd
Special Warranty Deed
—
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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