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Property profile & analytics
FOR LEASE
Medical Office Space

175 S Union Blvd Colorado Springs, CO 80910

226,448 SF 16.8 ac lot Built 1999
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US13-1159474
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1999
Construction CONCRETE
Total area 226,448 SF
Lot 16.8 ac (731,808 SF)
Zoning code OC/CR
APN 6416306009
UPID US13-1159474
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
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$39.23M
Comparable Approach Comparable
$28.84M
Blend (final) Blend
$39.67M
Owner & transaction history
Altera Printers Park LLC · 4 yrs held
Altera Printers Park LLC
since 2021
Last sale
$40.5M
2 recorded transactions
2021
$40.5M
2007
Price N/A
Zoning & alternative use
OC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center $60.4M +10.8%
Auto repair, garage $55.7M +2.3%
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