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Property profile & analytics
OFF-MARKET
Medical Office Space
2120 La Salle St Colorado Springs, CO 80909-2218
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0342444
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD FRAME
Total area
10,168 SF
Lot
1.44 ac (62,726 SF)
Zoning code
OR
APN
6404305039
UPID
US13-0342444
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
-
Food Distribution Center - Crossfire Ministries Food Bank Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2120 Els LLC · 1 yrs held
2120 Els LLC
since 2024
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
OR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. OR - Office residential: This transitional zone district accommodates a variety of residential unit types and offices. The zone is directed to smaller office sites which need a careful evaluation of use to use compatibility such that the stability and value of the surrounding neighborhood is best protected. A development plan which conforms to this Zoning…
Zone name
Office Residential
General category
COMMERCIAL
Zone area
183.63 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$283,220
Assessed 2023
Previous assessed
$283,220
+0.0% YoY
Assessed land
$84,880
Assessed improvement
$198,340
Land market value
$304,221
Improvement market value
$710,882
Total market value
$1,015,103
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
1979
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
10,168 SF
Lot
1.44 ac (62,726 SF)
Zoning code
OR
APN
6404305039
UPID
US13-0342444
Jurisdiction
EL PASO
Zoning & alternative use
OR · Colorado Springs, COZoning OR · permitted uses
OR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. OR - Office residential: This transitional zone district accommodates a variety of residential unit types and offices. The zone is directed to smaller office sites which need a careful evaluation of use to use compatibility such that the stability and value of the surrounding neighborhood is best protected. A development plan which conforms to this Zoning Code is required at the time of the establishment of an OR zone district. Emphasis in the development plan review will be placed on the compatibility of the development to the immediate surrounding property. Critical aspects of the plan include, but are not limited to, siting of the building, screening, landscaping and internal traffic movement.
Zone name
Office Residential
General category
COMMERCIAL
Zone area
183.63 ac
Building & site characteristics
From public records
Year built
1979
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.44 ac
Current owner
From public records · entity-resolved
2120 Els LLC
Entity
Mailing address
210 SAINT PAUL ST APT #307, DENVER, CO 80206-5218
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
$2,973,000
2120 Els LLC
2120 Co LLC
Warranty Deed
$574,074 · Grand Valley Bank
Sep 13, 2023
—
2120 Co LLC
—
Deed
related
$495,000 · Mountain View Bank Of Commerce
Mar 1, 2022
$1,010,204
2120 Co LLC
Fn Limited Liability Company
Warranty Deed
$1,481,250 · Bank Of The San Juans
May 21, 2021
—
En Limited Liability Company
Fe Investments LLC
Special Warranty Deed
—
Apr 9, 2021
—
Ff Limited Liability Company
Ff Investments Limited Liability Co
Special Warranty Deed
—
Dec 23, 2020
$700,000
Ff Investments Ltd Liability
Crossfire Ministries
Warranty Deed
—
Dec 15, 2010
$407,031
Crossfire Ministries INC
Lasalle 2120 LLC
Warranty Deed
$100,000 · John M Ventimiglia
—
—
Lasalle 2120 LLC
—
Deed Of Trust
related
$400,000 · Vista Bank
—
—
Lasalle 2120 LLC
—
Deed Of Trust
related
$250,000 · Colorado Capital Bank
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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