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Property profile & analytics
OFF-MARKET
Estimated value
$18,800,000
Office buildings
2880 International Cir Colorado Springs, CO 80910-3127
Individually Owned
1-yr Hold
Free & Clear
Property ID
US13-0812972
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
74,202 SF
Lot
18.61 ac (810,652 SF)
Zoning code
PIP2/CR CU
APN
6416303006
UPID
US13-0812972
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
-
Pikes Peak Regional Building Department Government Office License Bureau
-
El Paso County Commissioners County Government Office
-
El Paso County Retirement Plan County Government Office
-
Aimee Thompson, PharmD Pharmacy
-
I'd badge Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.99M
Comparable Approach
Comparable
$23.98M
Blend (final)
Blend
$18.80M
Owner & transaction history
Pikes Peak Regional Se Facilities L · 1 yrs held
Pikes Peak Regional Se Facilities L
since 2024
3 recorded transactions
Zoning & alternative use
PIP2/CR CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$30.3M
+91.1%
Commercial (general)
$28.5M
+80.2%
Neighborhood: shopping center
$19.8M
+24.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$12,985,000
6.5%
$11,985,000
7%
$11,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,845,000
Current use
APARTMENT HOUSE (5+ UNITS)
$30,285,000
Change: +91% · Conversion: Easy
COMMERCIAL (GENERAL)
$28,545,000
Change: +80% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$19,775,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,265,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$17,850,000
Change: +13% · Conversion: Easy
RETAIL STORES
$15,590,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$18.80M
Range $16.92M – $20.68M · ±10%
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
$253 / 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
Assessed value
$6,229,810
Assessed 2023
Previous assessed
$6,229,810
+0.0% YoY
Assessed land
$316,640
Assessed improvement
$5,913,170
Land market value
$1,134,911
Improvement market value
$21,194,146
Total market value
$22,329,057
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
74,202 SF
Lot
18.61 ac (810,652 SF)
Zoning code
PIP2/CR CU
APN
6416303006
UPID
US13-0812972
Jurisdiction
EL PASO
Zoning & alternative use
PIP2/CR CU · Colorado Springs, COZoning PIP2/CR CU · permitted uses
PIP2/CR CU · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$15.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.3M
COMMERCIAL (GENERAL)
Est. value
$28.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.8M
AUTO REPAIR, GARAGE
Est. value
$18.3M
MEDICAL BUILDING
Est. value
$17.9M
RETAIL STORES
Est. value
$15.6M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL 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
2003
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
18.61 ac
Current owner
From public records · entity-resolved
Pikes Peak Regional Se Facilities L
Individual
Free & Clear · 1 yrs held
Mailing address
200 S CASCADE AVE #150, COLORADO SPRINGS, CO 80903-2202
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2024
—
Pikes Peak Regional Se Facilities L
Pikes Peak Regional Building Depart
Deed
related
—
Apr 29, 2003
—
El Paso County Facilities Corp
Pikes Peak Regional Bld Depart
Grant Deed
related
—
—
—
Pikes Peak Regional Building
—
Deed Of Trust
related
$953,000 · Wells Fargo Bank West NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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