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    175 S Union Blvd Colorado Springs, CO 80910

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    175 S Union Blvd Colorado Springs, CO 80910


    • Medical Office Space
    • 226,448 SF
    • 16.80 lot acres
    Class A Medical Office Building For Lease
    $39,665,000

    Class A Medical Office Building

    Three-story medical office building near Memorial Hospital's main campus.

    175 S Union Blvd, Colorado Springs, CO 80910
    View Listing
    Property ID
    US13-1159474
    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.

    Value Estimations
    $39,665,000
    Cap Rate Potential
    6.6%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Dr. Donald J. Sceats Jr, MD / Physician
    • UCHealth Laboratory - Printers Park / Medical Laboratory
    • Memorial Hospital Lab at Printers Park Medical Plaza / Medical Clinic
    • UCHealth Radiology - Printers Park / Physician / Medical Clinic
    • UCHealth - Lindsay Marrinan-Levy LCSW / Physician / Medical Clinic

    Property Details for 175 S Union Blvd

    Year built
    1999
    Construction
    CONCRETE
    Lot size
    16.80 lot acres
    Property size
    226,448 SF
    Zone code
    OC/CR
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    6416306009
    APU
    6416306009

    Description

    Printers Park Medical Plaza, a three-story Class A medical office building in Colorado Springs, CO, offers 95,052 square feet of vacant space. Located at 175 S Union Blvd, 80910, this 104,107 square foot building sits on a 731,808 square foot lot and boasts 823 parking spaces (a 3.65:1,000 SF ratio). Built in 1999, the property is zoned PBC and is situated minutes from Memorial Hospital's main campus. The building currently houses a variety of medical services including audiology, breast care, disease and wellness centers, a pathology lab, radiology, wound care center, orthopedics, obstetrics/gynecology, neurology, vascular surgery, orthotics/prosthetics, and internal medicine. A surgery center and several rehabilitation facilities, including therapeutic pools, are also located within the building. Spaces are available in sizes ranging from 1,313 to 37,129 contiguous square feet, making it suitable for a variety of medical practices and healthcare-related businesses. Memorial Hospital services currently occupy approximately 45% of the building. This exceptional property presents a unique opportunity within a thriving medical community. The building's prime location and extensive amenities make it an ideal investment for medical professionals seeking a high-quality space in a convenient and well-established location. El Paso County location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $38,450,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $42,500,000
      6.5%
      $39,230,000
      7%
      $36,430,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $28,838,000
      Market price range: $11.1M - $40.2M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $54,470,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $60,355,000
      Change: +11% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $55,740,000
      Change: +2% Conversion: Difficult
      OFFICE BUILDING
      $48,355,000
      Change: -11% Conversion: Easy
      RETAIL STORES
      $47,585,000
      Change: -13% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.792
    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
    $0.00
    $857,530
    $12,772,510
    $13,630,040
    -
    $3,073,594
    $45,779,598
    $48,853,192
    View Listing
    More about this property
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