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

    1715 Monterey Rd Colorado Springs, CO 80910-1823

    • Commercial land
    • 19,792 SF
    • 1.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2618151
    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

    • Commercial land

    Property Details for 1715 Monterey Rd

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.28 lot acres
    Property size
    19,792 SF
    Zone code
    PBC
    Property type
    Commercial land
    APN
    6428106042
    APU
    6428106042

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,509,000
      Market price range: $2.51M - $13.3M
      AI Estimate
      $1,246,000
      Market price range: $1.08M - $7.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.779
    Latitude
    38.8058
    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
    $4,033
    $78,560
    $0.00
    $78,560
    -
    $281,568
    $0.00
    $281,568

    Comparable in this City

    • Value Estimation by Request
      2.86 Acres

      3640 Drennan Rd

      VACANT COMMERCIAL LAND • 2.86 Acres
      3640 Drennan Rd, Colorado Springs, CO 80910
      View Details
    • Value Estimation by Request
      0.37 Acres

      1640 Cir Dr

      VACANT COMMERCIAL LAND • 0.37 Acres
      1640 Cir Dr, Colorado Springs, CO 80910-4433
      View Details
    • Value Estimation by Request
      0.36 Acres

      2250 Cir Dr

      VACANT COMMERCIAL LAND • 0.36 Acres
      2250 Cir Dr, Colorado Springs, CO 80910-4410
      View Details
    • Value Estimation by Request
      1.10 Acres

      Colorado Springs, CO 80910

      VACANT COMMERCIAL LAND • 1.10 Acres
      Colorado Springs, CO 80910
      View Details
    • Value Estimation by Request
      0.06 Acres

      Ss Un Blvd

      VACANT COMMERCIAL LAND • 0.06 Acres
      Ss Un Blvd, Colorado Springs, CO 80910
      View Details
    • Value Estimation by Request
      0.25 Acres

      3075 Boychuk Ave

      VACANT COMMERCIAL LAND • 0.25 Acres
      3075 Boychuk Ave, Colorado Springs, CO 80910
      View Details

    Similar Nearby for Sale

    • $298,170

      Verde Drive Development Opportunity

      0.65 acres for multifamily or mixed-use development.
      2530 Verde Dr, Colorado Springs, CO 80910
      View Details
    • $675,000

      Land in Printers Park

      Commercial land in growing area with high traffic volume.
      2528 Airport Rd, Colorado Springs, CO 80910
      View Details
    • New
      $1,750,000
      0.81 Acres

      Colorado Springs Commercial Land Opportunity

      Commercial land suitable for industrial needs, for sale or lease.
      2628 Delta Rd, Colorado Springs, CO 80910
      View Details
    • Contact for pricing
      4.19 Acres

      Harlem Ave Retail Center Investment

      High-Occupancy Retail Space Available
      1865 Chelton Rd, Colorado Springs, CO 80910
      View Details
    • $860,000
      3.60 Acres

      Prime 3.6-Acre Commercial Land

      Colorado Springs development opportunity. High-traffic location.
      0 Astrozon Blvd, Colorado Springs, CO 80910
      View Details
    • Contact for pricing

      South Academy Blvd Commercial Land

      Prime South Academy location, 28,985 SF lot.
      1875 Chelton Rd, Colorado Springs, CO 80910
      View Details

    Similar Nearby for Lease

    • $8,800 /Mo
      6,333 SF

      Industrial Property with Office and Storage

      Office, storage, and welding shop on one acre available for lease.
      3425 Astrozon Blvd, Colorado Springs, CO 80910
      View Details
    • $418,176

      Land for Development at Market

      Development-ready land with prominent exposure and flexible zoning.
      1650-1728 S Circle Dr, 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
      18,153 SF

      Market Square Retail Center For Lease

      El Paso Retail Space: Multiple Units Available
      2811-2877 Fountain Rd, Colorado Springs, CO 80910
      View Details
    • $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
    • $216 SF/Yr
      6,656 SF

      Gateway Plaza Retail Space

      Colorado Springs End Cap Retail Space Available
      1976 Murray Blvd, 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.
    1715 Monterey Rd
    Colorado Springs, CO 80910-1823
    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.