245 Academy Blvd Colorado Springs, CO 80910-2713
Property profile & analytics
245 Academy Blvd Colorado Springs, CO 80910-2713
- Medical Office Space
- 6,000 SF
- 0.58 lot acres
Property ID
US13-2803880
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.
Location Intelligence
Current Use by Public Records
- Victoria F. Wirtz, DC / Alternative Medicine Practice
- BrightPath Behavior - Academy Blvd. / Crisis Center / Medical Clinic
- Joel Willey / Alternative Medicine Practice
- Charles Heuser / Alternative Medicine Practice
Property Details for 245 Academy Blvd
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.58 lot acres
- Property size
- 6,000 SF
- Zone code
- PBC AO
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 6414316005
- APU
- 6414316005
Description
This exceptional 6,000-square-foot creative office building at 245 S Academy Blvd in Colorado Springs, CO, presents a compelling investment opportunity. Boasting a 6.51% cap rate and a strong NOI of $99,000, this single-tenant property offers significant returns. Built in 1972 and extensively renovated in 2023, the building features 13 individual offices, a conference room, open recreational space, employee break room, and updated restrooms. The 0.58-acre lot provides ample parking (approximately 35 spaces), and a secure, fenced play area adds a unique amenity. The property is zoned PBC and benefits from a highly desirable location in the southeast submarket. Currently 100% occupied by a reputable tenant under a NNN lease with seven years remaining on the base term, this is a rare opportunity to acquire a freestanding, single-story building of this size in this market. The 2023 property taxes were $14,474.16. The asking price is $1,520,000, translating to $253.33 per square foot. Don't miss this chance to own a high-performing, well-maintained asset in a thriving Colorado Springs location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,125,000
- 6.5%
- $1,040,000
- 7%
- $965,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,205,000
Market price range: $881k - $1.99M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $1,445,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $1,600,000 Change: +11% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,475,000 Change: +2% Conversion: Difficult
- OFFICE BUILDING
- $1,280,000 Change: -11% Conversion: Easy
- RETAIL STORES
- $1,260,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.757
- Latitude
- 38.8277
- 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
$14,691
$45,470
$227,080
$272,550
-
$162,959
$813,910
$976,869
