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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Medical Office Space
213 Cache La Poudre St Colorado Springs, CO 80903-2902
Entity Owned
1-yr Hold
Free & Clear
Property ID
US13-0885906
Property summary
AI-generated overview
This exceptional 2,112 square foot retail space, located at 213 E Cache La Poudre St in Colorado Springs, CO 80903, presents a unique investment opportunity. Built in 1973 and extensively renovated in 2022, the property boasts fresh interior finishes and a modern build-out, creating a highly attractive and functional space for a variety of businesses. The building sits on a 0.16-acre lot and is zoned C5, offering flexibility for diverse commercial uses. Its convenient location near Downtown Colorado Springs, I-25, and Colorado College ensures high visibility and accessibility, attracting significant foot traffic and customer base. The property provides ample parking, with 5 spaces per 1,000 square feet, ensuring convenient parking for customers and employees. This turnkey property is ideal for owner-occupants or investors seeking a high-quality retail space in a thriving, central location. The asking price is $781,000. Don't miss this chance to acquire a well-maintained, strategically located retail property in a rapidly growing area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,106 SF
Lot
0.16 ac (6,875 SF)
Zoning code
C5
APN
6407405004
UPID
US13-0885906
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
-
Cornell Cornish Sr, DC Alternative Medicine Practice
-
Jill L. Burk, DC Alternative Medicine Practice
-
Dr. Angela Price Kloss Alternative Medicine Practice
-
100% Chiropractic: Jason C. Helfrich, DC Alternative Medicine Practice
-
100% Chiropractic - Downtown Colorado Springs Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$559k
Blend (final)
Blend
$765k
Owner & transaction history
Drg Property LLC · 1 yrs held
Drg Property LLC
since 2025
Last sale
$773,025
4 recorded transactions
Zoning & alternative use
C5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$810,000
+59.9%
Neighborhood: shopping center
$560,000
+10.8%
Office building
$525,000
+3.6%
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
$770,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$505,000
Current use
COMMERCIAL (GENERAL)
$810,000
Change: +60% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$525,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$520,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $773k (Mar 31 2025)
Last sale anchor
$773k
Mar 31 2025
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
$363 / 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
$6,003
Tax year 2023
Assessed value
$107,290
Assessed 2023
Previous assessed
$107,290
+0.0% YoY
Effective rate
5.60%
On assessed value
Assessed land
$22,540
Assessed improvement
$84,750
Land market value
$80,781
Improvement market value
$303,757
Total market value
$384,538
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,106 SF
Lot
0.16 ac (6,875 SF)
Zoning code
C5
APN
6407405004
UPID
US13-0885906
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
$505,000
COMMERCIAL (GENERAL)
Est. value
$810,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
OFFICE BUILDING
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$520,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1963
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Drg Property LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5708 RANGE RIDER DR, COLORADO SPRINGS, CO 80923-4135
Ownership since
2025
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 31, 2025
$773,025
Drg Property LLC
213 E Cache La Poudre LLC
Special Warranty Deed
—
Oct 27, 2022
—
213 E Cache Lapoudre LLC
—
Deed
related
$213,000 · Colorado Lending Source Ltd
Oct 29, 2021
$425,000
213 E Cache La Poudre LLC
Deborah J Riekman
Special Warranty Deed
$463,500 · Integrity Bank & Trust
Sep 3, 1999
—
Riekeman Chiropractic Ctr LLC
Riekeman,deborah J
Quit Claim Deed
related
—
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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