Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    170 Parkside Dr Colorado Springs, CO 80910-3129

    • Medical offices
    • 13,903 SF
    • 2.41 lot acres
    OFF-MARKET
    Value Estimations
    $2,115,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0388517
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Colorado Springs Dermatology Clinic, PC: Carole M. McClanahan, MD, MPH / Dermatologist
    • Mentz Ginger S MD - Colorado Springs Dermatology Dot Com / Dermatologist
    • Daniel Mayes / Pathologist
    • Dr. Michael B. Turner, MD / Dermatologist / Doctor
    • Ms. Caitlin Robinson / Dermatologist / Practitioner Service Location

    Property Details for 170 Parkside Dr

    Year built
    2007
    Construction
    WOOD FRAME
    Lot size
    2.41 lot acres
    Property size
    13,903 SF
    Zone code
    PBC/CR
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    6416304007
    APU
    6416304007

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,610,000
      6.5%
      $2,410,000
      7%
      $2,235,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,822,000
      Market price range: $683k - $2.47M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,345,000
      Current use
      AUTO REPAIR, GARAGE
      $3,420,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $2,970,000
      Change: -11% Conversion: Easy
      RETAIL STORES
      $2,920,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.787
    Latitude
    38.8296
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $46,726
    $256,280
    $604,920
    $861,200
    -
    $918,566
    $2,168,171
    $3,086,737

    Comparable in this City

    • Value Estimation
      $39,665,000
      226,448 SF

      175 Un Blvd

      MEDICAL BUILDING • 226,448 SF
      175 Un Blvd, Colorado Springs, CO 80910-3113
      View Details
    • Value Estimation
      $2,355,000
      19,078 SF

      215 Parkside Dr

      MEDICAL BUILDING • 19,078 SF
      215 Parkside Dr, Colorado Springs, CO 80910-3131
      View Details
    • Value Estimation
      $1,190,000
      8,197 SF

      2350 International Cir

      MEDICAL BUILDING • 8,197 SF
      2350 International Cir, Colorado Springs, CO 80910-3139
      View Details
    • Value Estimation
      $1,970,000
      12,802 SF

      3245 International Cir

      MEDICAL BUILDING • 12,802 SF
      3245 International Cir, Colorado Springs, CO 80910-3152
      View Details
    • Value Estimation
      $1,125,000
      10,000 SF

      2508 Airport Rd

      MEDICAL BUILDING • 10,000 SF
      2508 Airport Rd, Colorado Springs, CO 80910-3120
      View Details
    • Value Estimation
      $3,235,000
      31,725 SF

      340 Printers Pkwy

      MEDICAL BUILDING • 31,725 SF
      340 Printers Pkwy, Colorado Springs, CO 80910-3190
      View Details

    Similar Nearby for Sale

    • $2,100,000
      12,462 SF

      Printers Park Medical Office Building

      Prime Colorado Springs medical office, vacant, owner-user opportunity.
      3225 International Cir, Colorado Springs, CO 80910
      View Details
    • $2,124,100
      12,462 SF

      Medical Office Building in Printers Park

      Medical office building in premier Colorado Springs medical campus.
      3225 International Cir, Colorado Springs, CO 80910
      View Details
    • $700,000

      Office Building with Warehouse Space

      Highly visible office and warehouse building with retail potential.
      715 S Circle Dr, Colorado Springs, CO 80910
      View Details
    • Contact for pricing

      Office and Warehouse Space

      Functional office and warehouse space with highway and airport access.
      2513 Airport Rd, Colorado Springs, CO 80910
      View Details
    • $12,599,748
      104,918 SF

      Renovated Commercial Building on Large Site

      104,000 SF renovated commercial building with additional development opportunity.
      2508-2520 Airport Rd, Colorado Springs, CO 80910
      View Details
    • $700,000

      Office Building and Warehouse Space

      Highly visible office building and warehouse with retail potential.
      715 S Circle Dr, Colorado Springs, CO 80910
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      104,107 SF

      Printers Park Medical Plaza: Colorado Springs

      Class A Medical Office Building, 95,052 SF Available
      175 Union Blvd, Colorado Springs, CO 80910
      View Details
    • $12 SF/Yr
      12,462 SF

      Printers Park Medical Office Building

      Colorado Springs medical office space for lease or sale.
      3225 International Cir, Colorado Springs, CO 80910
      View Details
    • $10 SF/Yr
      23,630 SF

      Academy Blvd Office & Warehouse

      Colorado Springs commercial space for lease.
      1050 Academy Blvd, Colorado Springs, CO 80910
      View Details
    • Contact for pricing
      2,511 SF

      Colorado Springs Office Space Available

      Office space with upgraded amenities and easy access.
      1330 Inverness Dr, Colorado Springs, CO 80910
      View Details
    • $700,000
      2,100 SF

      Renovated Retail/Office Building For Lease

      High-visibility building near E Fountain Blvd and S Circle Dr.
      2708 E Fountain Blvd, Colorado Springs, CO 80910
      View Details
    • $11 SF/Yr
      24,730 SF

      Airport Road Industrial Space

      Versatile Warehouse/Office Space Available
      2511 Airport Rd, Colorado Springs, CO 80910
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    170 Parkside Dr
    Colorado Springs, CO 80910-3129
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.