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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Medical Office Space
1775 8th St, Colorado Springs, CO 80905-1926
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US13-0405276
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1975
Construction
WOOD FRAME
Total area
5,436 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C5
APN
7425109018
UPID
US13-0405276
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. Jessica Cozine-Lehman, PT Physician
-
Springs Ideal Weight Loss Weight Loss Service
-
Kevin murdock Corporate Office
-
Robert Dolby Alternative Medicine Practice Spa & Massage Center
-
Karen Delich Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$940k
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$980k
Owner & transaction history
Get Better LLC · 16 yrs held
Get Better LLC
since 2010
7 recorded transactions
Zoning & alternative use
C5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.5M
+10.8%
Auto repair, garage
$1.3M
+2.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,020,000
6.5%
$940,000
7%
$875,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,310,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,450,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,340,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$1,160,000
Change: -11% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10%
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
$180 / 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
$26,798
Tax year 2023
Assessed value
$392,730
Assessed 2023
Previous assessed
$392,730
+0.0% YoY
Effective rate
6.82%
On assessed value
Assessed land
$101,190
Assessed improvement
$291,540
Land market value
$362,679
Improvement market value
$1,044,942
Total market value
$1,407,621
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
1975
Construction
WOOD FRAME
Heating
HOT WATER
Stories
1
Total area
5,436 SF
Lot
0.92 ac (40,075 SF)
Zoning code
C5
APN
7425109018
UPID
US13-0405276
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, CO
Zoning C5 · permitted uses
C5 · 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
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1975
Construction
WOOD FRAME
Heating
HOT WATER
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
Get Better LLC
Entity
Mailing address
1775 S 8TH ST, COLORADO SPRINGS, CO 80905-1926
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
—
Get Better LLC
—
Deed
related
$20,000 · The Stockmens Bank
Jan 5, 2022
—
Get Better LLC
—
Deed
related
$860,000 · The Stockmens Bank
May 11, 2010
$525,000
Get Better LLC
Hamilten,robert S
Grant Deed
$405,000 · Central Bank & Trust
Oct 28, 2008
—
Robert S Hamilton
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Jun 8, 2007
$540,143
1775 So 8th LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$500,000
Sep 23, 2004
$550,000
1775 So 8th LLC
Hamilton,robert S
Warranty Deed
$500,000 · Investor Exchange Services INC
—
—
Get Better LLC
—
Deed Of Trust
related
$1,080,000 · Central Bank & Trust
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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