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Property profile & analytics
OFF-MARKET
Estimated value
$2,420,000
Medical Office Space
265 Parkside Dr Colorado Springs, CO 80910-3141
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0746714
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
WOOD FRAME
Total area
12,591 SF
Lot
0.88 ac (38,542 SF)
Zoning code
OC
APN
6416310006
UPID
US13-0746714
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
-
Institute for Sustained Health Medical Clinic
-
Matthew Dunham, MD Physician
-
Dr. Edward Lundblad Health Care Facility
-
High Quality Affordable IVF Medical Clinic
-
Jennifer Even Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$1.78M
Blend (final)
Blend
$2.42M
Owner & transaction history
Rjk Colorado Properties LLC · 5 yrs held
Rjk Colorado Properties LLC
since 2020
Last sale
$2.4M
7 recorded transactions
Zoning & alternative use
OC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.4M
+10.8%
Auto repair, garage
$3.1M
+2.3%
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
$2,850,000
ML approach
$2,920,000
CAP Approach
CAP Return
Estimation
6%
$2,365,000
6.5%
$2,180,000
7%
$2,025,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,030,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,355,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,100,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$2,690,000
Change: -11% · Conversion: Easy
RETAIL STORES
$2,645,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.42M
Range $2.18M – $2.66M · ±10% · vs last sale $2.40M (Sep 11 2020)
Last sale anchor
$2.40M
Sep 11 2020
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
$192 / 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
$46,383
Tax year 2023
Assessed value
$842,440
Assessed 2023
Previous assessed
$842,440
+0.0% YoY
Effective rate
5.51%
On assessed value
Assessed land
$79,570
Assessed improvement
$762,870
Land market value
$285,211
Improvement market value
$2,734,314
Total market value
$3,019,525
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
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
12,591 SF
Lot
0.88 ac (38,542 SF)
Zoning code
OC
APN
6416310006
UPID
US13-0746714
Jurisdiction
EL PASO
Zoning & alternative use
OC · Colorado Springs, CO
Zoning OC · permitted uses
OC · 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
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Rjk Colorado Properties LLC
Entity
Mailing address
195 INTREPID LN, SYRACUSE, NY 13205-2548
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2020
$2,400,000
Rjk Colorado Properties LLC
Psd 1 LLC
Special Warranty Deed
$1,440,000 · Key Bank NA
Sep 26, 2017
$2,000,000
Psd 1 LLC
Hro LLC
Warranty Deed
$1,600,000 · Independent Bank
Mar 2, 2012
—
Hro LLC
Us Bk National Assn
Grant Deed
$1,791,000 · Capitalsource Bank
Sep 19, 2011
—
Us Bk National Assn
Deputy Public Te Of El Paso Cnty
Trustees Deed
related
—
Aug 4, 2011
$770,406
Paul C Magarelli
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$1,386,000
Oct 17, 2006
$1,540,000
Paul C Magarelli
Carrera C4s LLC
Warranty Deed
$1,386,000 · Us Bank NA
Jul 21, 1998
—
Carrera C4s LLC
Curnow,william J & Kathleen S
Quit Claim Deed
related
—
Jul 21, 1998
$1,425,000
Curnow,william J & Kathleen S
Cutis-2 LLC
Trustees Deed
—
—
—
Cutis 2 LLC
—
Deed Of Trust
related
$1,025,000 · Midland Loan Services
—
—
Paul C Magarelli
—
Deed Of Trust
related
$860,435 · 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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