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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Medical Office Space
1701 Weber St Colorado Springs, CO 80907
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-1298081
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1927
Construction
WOOD FRAME
Total area
2,343 SF
Zoning code
OC
APN
6406410017
UPID
US13-1298081
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
$680k
CAP Approach
CAP
$405k
Comparable Approach
Comparable
$398k
Blend (final)
Blend
$545k
Owner & transaction history
Weber 1705 LLC · 5 yrs held
Weber 1705 LLC
since 2020
Last sale
$560,000
7 recorded transactions
Zoning & alternative use
OC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$900,000
+59.9%
Office building
$640,000
+13.8%
Neighborhood: shopping center
$625,000
+10.8%
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
$665,000
ML approach
$680,000
CAP Approach
CAP Return
Estimation
6%
$440,000
6.5%
$405,000
7%
$375,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$565,000
Current use
COMMERCIAL (GENERAL)
$900,000
Change: +60% · Conversion: Easy
OFFICE BUILDING
$640,000
Change: +14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$625,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$490,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $560k (Dec 21 2020)
Last sale anchor
$560k
Dec 21 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
$233 / 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
$5,160
Tax year 2023
Assessed value
$102,550
Assessed 2023
Previous assessed
$102,550
+0.0% YoY
Effective rate
5.03%
On assessed value
Assessed land
$11,240
Assessed improvement
$91,310
Land market value
$40,294
Improvement market value
$327,262
Total market value
$367,556
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
1927
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,343 SF
Zoning code
OC
APN
6406410017
UPID
US13-1298081
Jurisdiction
EL PASO
Zoning & alternative use
OC · Colorado Springs, CO
Zoning OC · permitted uses
OC · 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
$565,000
COMMERCIAL (GENERAL)
Est. value
$900,000
OFFICE BUILDING
Est. value
$640,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$575,000
RETAIL STORES
Est. value
$490,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1927
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
Weber 1705 LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3243 TEMPLETON GAP RD, COLORADO SPRINGS, CO 80907-5735
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
—
Weber 1705 LLC
Annita Nerses
Quit Claim Deed
related
—
Mar 2, 2017
$560,000
Annita Nerses
Equity Holdings LLC
Grant Deed
—
Nov 2, 2016
—
Equity Holdings LLC
—
Deed
related
—
Oct 14, 2016
—
Equity Holdings LLC
—
Deed
related
$375,000 · America's Cmnty Bk
May 25, 2016
—
Equity Holdings LLC
—
Deed
related
—
—
—
North Weber Partners LLP
—
Deed Of Trust
related
—
—
—
Equity Holdings LLC
—
Loan Modification
related
—
—
—
Equity Holdings LLC
—
Loan Modification
related
—
—
—
Equity Holdings LLC
—
Deed Of Trust
related
$375,000 · America's Cmnty Bk
—
—
North Weber Partners LLP
—
Deed Of Trust
related
$175,000 · Colorado National Bank
—
—
North Weber Partners LLP
—
Deed Of Trust
related
$249,900 · Legacy Bank Cheyenne Mtn Br
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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