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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Medical Office Space
2002 Lelaray St Colorado Springs, CO 80909-2804
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0354374
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2001
Construction
WOOD FRAME
Total area
18,604 SF
Lot
2.72 ac (118,483 SF)
Zoning code
C6
APN
6404318045
UPID
US13-0354374
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. Mark R. Cook, Do Physician Medical Clinic
-
DaVita Pikes Peak Dialysis Center Medical Clinic
-
R S. Stewart, NP Physician Medical Clinic
-
Dr. Roger L Mallory Physician Medical Clinic
-
Dr. Stephen D. Fox, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.23M
Comparable Approach
Comparable
$2.40M
Blend (final)
Blend
$3.08M
Owner & transaction history
Help Colorado Springs LLC · 4 yrs held
Help Colorado Springs LLC
since 2022
4 recorded transactions
Zoning & alternative use
C6 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.0M
+10.8%
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%
$3,490,000
6.5%
$3,225,000
7%
$2,995,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,475,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$4,960,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±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
$166 / 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
$112,252
Tax year 2023
Assessed value
$2,057,170
Assessed 2023
Previous assessed
$2,057,170
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$262,800
Assessed improvement
$1,794,370
Land market value
$941,940
Improvement market value
$6,431,421
Total market value
$7,373,361
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
2001
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
18,604 SF
Lot
2.72 ac (118,483 SF)
Zoning code
C6
APN
6404318045
UPID
US13-0354374
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, COZoning C6 · permitted uses
C6 · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$4.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.0M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.72 ac
Current owner
From public records · entity-resolved
Help Colorado Springs LLC
Entity
Mailing address
23311 NEWTON AVE, STRATFORD, CA 93266-9732
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
—
Help Colorado Springs LLC
Howe Family LP
Special Warranty Deed
$52,525,000 · Morgan Stanley Private Bank NA
Jun 19, 2018
$7,200,000
Howe Family LP
Yf Properties LLC
Special Warranty Deed
$4,000,000 · Sunwest Bank
Jan 4, 2018
—
Yf Properties LLC
Yf Properties LLC
Quit Claim Deed
related
—
—
—
Yf Properties LLC
—
Deed Of Trust
related
$2,200,000 · Ent FCU
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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