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Property profile & analytics
OFF-MARKET
Estimated value
$11,045,000
Office buildings
1670 Newport Rd, Colorado Springs, CO 80916-2750
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-2686220
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1985
Construction
STEEL FRAME
Total area
70,633 SF
Lot
4.84 ac (210,830 SF)
Zoning code
PIP1 AO
APN
6425003007
UPID
US13-2686220
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
-
SAIC (Bike/Boat/Book/etc) Store Corporate Office
-
Colorado Army National Guard Federal Government Office Government
-
Contego Cyber Solutions IT Consulting Firm Tech Support Center
-
Telesis Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.92M
CAP Approach
CAP
$14.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.05M
Owner & transaction history
Flywheel Newport LLC · 6 yrs held
Flywheel Newport LLC
since 2019
Last sale
$11.0M
7 recorded transactions
Zoning & alternative use
PIP1 AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$17.4M
+15.3%
Medical building
$17.0M
+12.6%
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
$12,240,000
ML approach
$9,920,000
CAP Approach
CAP Return
Estimation
6%
$15,290,000
6.5%
$14,115,000
7%
$13,105,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,085,000
Current use
AUTO REPAIR, GARAGE
$17,385,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$16,990,000
Change: +13% · Conversion: Easy
RETAIL STORES
$14,840,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$11.05M
Range $9.94M – $12.15M · ±10% · vs last sale $11.01M (Dec 30 2020)
Last sale anchor
$11.01M
Dec 30 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
$156 / 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
$150,794
Tax year 2023
Assessed value
$2,945,640
Assessed 2023
Previous assessed
$2,945,640
+0.0% YoY
Effective rate
5.12%
On assessed value
Assessed land
$214,700
Assessed improvement
$2,730,940
Land market value
$769,530
Improvement market value
$9,788,313
Total market value
$10,557,843
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
1985
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
4
Total area
70,633 SF
Lot
4.84 ac (210,830 SF)
Zoning code
PIP1 AO
APN
6425003007
UPID
US13-2686220
Jurisdiction
EL PASO
Zoning & alternative use
PIP1 AO · Colorado Springs, CO
Zoning PIP1 AO · permitted uses
PIP1 AO · 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
OFFICE BUILDING Current
Est. value
$15.1M
AUTO REPAIR, GARAGE
Est. value
$17.4M
MEDICAL BUILDING
Est. value
$17.0M
RETAIL STORES
Est. value
$14.8M
OFFICE BUILDING Current
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
1985
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
4
Lot
4.84 ac
Current owner
From public records · entity-resolved
Flywheel Newport LLC
Entity
Mailing address
1 N WACKER DR STE #4025, CHICAGO, IL 60606-2844
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2019
$8,450,000
Flywheel Newport LLC
Gpif Co Springs 9 LLC
Trustees Deed
$20,100,000 · Revere Credit Opportunities Fu
Nov 15, 2018
$8,450,000
Gpif Co Springs 9 LLC
Cv Patriot Springs LLC
Grant Deed
related
$205,000,000 · Bank Of America
Dec 31, 2013
$116,880,000
Cv Patriot Springs LLC
Copt Academy Ridge LLC
Grant Deed
—
Jan 25, 2006
$26,100
Copt Newport LLC
Branson Hotel Corp
Grant Deed
—
Jan 25, 2006
—
Branson Hotel Corp
Building Exchange
Grant Deed
—
Oct 6, 2005
—
Frontier Companies LLC
Springport LLC
Grant Deed
—
Oct 6, 2005
$1,327,900
Copt Newport LLC
Frontier Companies LLC
Grant Deed
—
Oct 6, 2005
$3,836,100
Copt Newport LLC
Lucid Sky LLC
Grant Deed
—
Oct 6, 2005
$590,100
Copt Newport LLC
King,miles S
Grant Deed
—
Oct 6, 2005
$3,245,900
Copt Newport LLC
Springport LLC
Grant Deed
—
Feb 10, 2004
$7,225,000
Springport LLC
Cmd Realty Inv Fund III
Grant Deed
—
Feb 10, 2004
—
Springport LLC
Collins Gregory L Trust
Grant Deed
$5,075,000 · J P Morgan Chase Bank
—
—
Cv Patriot Springs LLC
—
Deed Of Trust
related
$91,500,000 · Wells Fargo Bk
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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