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Property profile & analytics
FOR LEASE
Medical Office Space
1625 Medical Center Pt Colorado Springs, CO 80907
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-1213343
For Lease
1 / 46
$22 SF/Yr
1625 Medical Center Pt, Colorado Springs, CO 80907
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Property summary
AI-generated overview
The Union Medical Campus, a prestigious Class A medical office building, offers exceptional space in Colorado Springs, CO. Located at 1625 Medical Center Point, 80907, this property enjoys a prime location in the North submarket of El Paso County, at the northwest corner of the busy intersection of Union Boulevard and Fillmore Street. The building totals 70,045 square feet and features two suites, providing flexibility for various medical practices. Currently, 3,085 square feet of space is available, with minimum divisible space starting at 1,084 square feet and a maximum contiguous space of 2,001 square feet. The building is equipped with elevators for convenient access to all floors. Ample parking is provided, with a ratio of 5 spaces per 1,000 rentable square feet. This exceptional property offers a unique opportunity for medical professionals seeking a high-quality, well-located space in a thriving Colorado Springs community. The building's Class A designation reflects its superior construction, amenities, and overall quality. Its strategic location ensures high visibility and easy access for patients and staff. This is an ideal opportunity to establish or expand a medical practice in a highly desirable area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
WOOD FRAME
Total area
68,278 SF
Lot
4.39 ac (191,228 SF)
Zoning code
OC/CR CU
APN
6332401005
UPID
US13-1213343
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
-
Colorado Springs Health Partners Medical Clinic
-
Passport Health Colorado Springs Travel Clinic Medical Clinic
-
Colorado Center of Orthopaedic Excellence Physician
-
UCHealth Plastic and Reconstructive Surgery Clinic - Colorado Springs Medical Clinic
-
Colorado Institute of Sports Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.81M
CAP Approach
CAP
$11.83M
Comparable Approach
Comparable
$13.16M
Blend (final)
Blend
$10.92M
Owner & transaction history
Medical Properties LLC · 6 yrs held
Medical Properties LLC
since 2020
Last sale
$10.0M
6 recorded transactions
Zoning & alternative use
OC/CR CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$18.2M
+10.8%
Auto repair, garage
$16.8M
+2.3%
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
$11,905,000
ML approach
$10,805,000
CAP Approach
CAP Return
Estimation
6%
$12,815,000
6.5%
$11,830,000
7%
$10,985,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$16,425,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$18,200,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,805,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$14,345,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$10.92M
Range $9.83M – $12.01M · ±10% · vs last sale $10.03M (Jun 8 2020)
Last sale anchor
$10.03M
Jun 8 2020
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
$160 / 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
$185,267
Tax year 2023
Assessed value
$3,389,820
Assessed 2023
Previous assessed
$3,389,820
+0.0% YoY
Effective rate
5.47%
On assessed value
Assessed land
$424,150
Assessed improvement
$2,965,670
Land market value
$1,520,263
Improvement market value
$10,629,659
Total market value
$12,149,922
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
For Lease
Year built
1992
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Total area
68,278 SF
Lot
4.39 ac (191,228 SF)
Zoning code
OC/CR CU
APN
6332401005
UPID
US13-1213343
Jurisdiction
EL PASO
Zoning & alternative use
OC/CR CU · Colorado Springs, CO
Zoning OC/CR CU · permitted uses
OC/CR CU · 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
MEDICAL BUILDING Current
Est. value
$16.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.2M
AUTO REPAIR, GARAGE
Est. value
$16.8M
RETAIL STORES
Est. value
$14.3M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1992
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
2
Lot
4.39 ac
Current owner
From public records · entity-resolved
Medical Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2020
$10,025,000
Medical Properties LLC
Union Medical Campus Owner LLC
Special Warranty Deed
—
Apr 30, 2014
$26,085,000
Union Medical Campus Owner LLC
Umc Triangle Mob LP
Grant Deed
—
Dec 28, 2009
—
Umc Triangle Mob LP
—
Deed Of Trust
related
$26,085,000 · Rait Cre Dco I Ltd
Sep 17, 2009
—
Umc Triangle Mob
—
Grant Deed
related
$21,890,000 · Rait Cre Dco I Ltd
Aug 9, 2006
$21,700,000
Umc Triangle Mob LP
Union Medical Associates Ltd
Special Warranty Deed
$23,100,000 · Rait Partnership LP
—
—
Umc Triangle Mob LP
—
Deed Of Trust
related
$26,085,000 · Rait Cre Dco I Ltd
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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