Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2020 Colorado Ave Ste B-206 Colorado Springs, CO 80904-3863
    Back to Search
    Property profile & analytics

    2020 Colorado Ave Ste B-206 Colorado Springs, CO 80904-3863

    View on Map
    • Medical Office Space
    • 787 SF
    Off-Market
    Last Sale May 9, 2023
    $17,000
    Property ID
    US13-0362440
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • My Fibro Doctor - Fibromyalgia Doctor / Medical Clinic
    • Jeanne M. Chadwick, RMT / Physician
    • OCC Aesthetics / Spa & Massage Center / Alternative Medicine Practice
    • Melinda Couch / Physician
    • Peak LiLT / Medical Clinic

    Property Details for 2020 Colorado Ave Ste B-206

    Year built
    1985
    Construction
    WOOD FRAME
    Property size
    787 SF
    Zone code
    C5/CR P
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    7411417022
    APU
    7411417022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.855
    Latitude
    38.843
    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
    $0.00
    $8,160
    $8,160
    -
    $0.00
    $29,233
    $29,233

    Comparable in this City

    • Value Estimation by Request
      1,659 SF

      2020 Colorado Ave, Unit C-301

      MEDICAL BUILDING • 1,659 SF
      2020 Colorado Ave, Colorado Springs, CO 80904-3882
      View Details
    • Value Estimation by Request
      3,220 SF

      8 25th St

      MEDICAL BUILDING • 3,220 SF
      8 25th St, Colorado Springs, CO 80904-3079
      View Details
    • Value Estimation by Request
      368 SF

      2020 Colorado Ave, Unit B-203

      MEDICAL BUILDING • 368 SF
      2020 Colorado Ave, Colorado Springs, CO 80904-3882
      View Details
    • Value Estimation by Request
      1,125 SF

      2020 Colorado Ave, Unit C-305

      MEDICAL BUILDING • 1,125 SF
      2020 Colorado Ave, Colorado Springs, CO 80904-3882
      View Details
    • Value Estimation by Request
      1,154 SF

      2020 Colorado Ave, Unit C-303

      MEDICAL BUILDING • 1,154 SF
      2020 Colorado Ave, Colorado Springs, CO 80904-3882
      View Details
    • Value Estimation by Request
      990 SF

      2020 Colorado Ave

      MEDICAL BUILDING • 990 SF
      2020 Colorado Ave, Colorado Springs, CO 80904-3882
      View Details

    Similar Nearby for Sale

    • $749,500

      Office Warehouse Building For Sale

      Office warehouse building with parking and flexible zoning.
      2025 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • $410,000

      Stand-Alone Office Building For Sale

      Stand-alone office building with signage, parking, and storage sheds.
      1710 N Circle Dr, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Office Space in Gold Hills

      Office space with easy access, signage, and parking.
      1604 S 21St St, Colorado Springs, CO 80904
      View Details
    • $385,000
      1,472 SF

      Turnkey Victorian Office in Colorado

      Standalone office property in historic Old Colorado City.
      1804 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • $595,000

      Mixed-Use Property in Old Colorado

      Live-work property with C-5 zoning and recent renovations.
      1532 W Colorado Ave, Colorado Springs, CO 80904
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      1,807 SF

      Updated Office Space For Rent

      Updated second-floor office space with Pikes Peak views.
      617 N 17Th St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing
      880 SF

      Colorado Springs Office Space Available

      Office space available for lease in Colorado Springs, CO.
      2001 Black Canyon Rd, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Colorado Springs, CO.
      3134 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • $19 SF/Yr
      2,313 SF

      Office Space Available For Rent

      720 square feet office space available for rent.
      11 S 25Th St, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Commercial Space in Old Colorado

      Retail/office space with apartment in high-traffic location.
      2702 W Colorado Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Westside Office Suites For Rent

      Collaborative office setting near downtown with ample parking.
      310 S 14Th St, Colorado Springs, CO 80904
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2020 Colorado Ave Ste B-206
    Colorado Springs, CO 80904-3863
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2020 Colorado Ave Ste B-206, Colorado Springs, CO, 80904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!