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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Office buildings
1840 Woodmoor Dr Monument, CO 80132-9091
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1013800
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD FRAME
Total area
5,104 SF
Lot
0.11 ac (4,997 SF)
Zoning code
R-4
APN
7114204017
UPID
US13-1013800
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
$950k
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$730k
Blend (final)
Blend
$855k
Owner & transaction history
Crtms Properties LLC · 3 yrs held
Crtms Properties LLC
since 2022
Last sale
$835,000
6 recorded transactions
Zoning & alternative use
R-4 · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.4M
+27.7%
Auto repair, garage
$1.4M
+25.1%
Medical building
$1.2M
+12.3%
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 Monument submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monument 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
$975,000
ML approach
$950,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,105,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,410,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,380,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$1,240,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $835k (Aug 1 2022)
Last sale anchor
$835k
Aug 1 2022
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
$168 / 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
$12,609
Tax year 2023
Assessed value
$196,150
Assessed 2023
Previous assessed
$196,150
+0.0% YoY
Effective rate
6.43%
On assessed value
Assessed land
$30,610
Assessed improvement
$165,540
Land market value
$109,726
Improvement market value
$593,319
Total market value
$703,045
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
5,104 SF
Lot
0.11 ac (4,997 SF)
Zoning code
R-4
APN
7114204017
UPID
US13-1013800
Jurisdiction
EL PASO
Zoning & alternative use
R-4 · Monument, CO
Zoning R-4 · permitted uses
R-4 · Monument, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monument. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.2M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1994
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Crtms Properties LLC
Entity
Mailing address
2809 N TEJON ST APT B, COLORADO SPRINGS, CO 80907-6275
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2022
$835,000
Crtms Properties LLC
Edi Properties LLC
Special Warranty Deed
$584,500 · Ent Cu
Dec 27, 2021
$840,000
Villani Partnership LLP
Frs Holdings I LLC
Warranty Deed
—
Aug 27, 2015
$370,000
Frs Holdings 1 LLC
Sa Challenger INC
Quit Claim Deed
related
$406,500 · Wells Fargo Bank NA
Jan 29, 2015
—
Sa Challenger INC
Deputy Public Te Of El Paso Cnty|edmondson,charles
Trustees Deed
related
—
Jan 15, 2015
$351,500
Edmondson,charles H & Debra|sa Challenger INC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$450,000
May 2, 2007
$625,000
Charles H Edmondson
Turse,carl
Warranty Deed
$450,000 · Greenpoint Mortgage Funding
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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