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Property profile & analytics
FOR LEASE
Medical Office Space
2960 N Circle Dr Colorado Springs, CO 80909
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0094249
For Lease
1 / 2
Contact for pricing
2960 N Circle Dr, Colorado Springs, CO 80909
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
WOOD FRAME
Total area
24,806 SF
Lot
2.5 ac (108,900 SF)
Zoning code
OC/CR
APN
6333317005
UPID
US13-0094249
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
-
Mylene Reinicke Dental Office
-
Rosemary A. Greenslade, MD Physician
-
Katherine M. Scally, MD Physician
-
Leah Derksen, FNP-C Physician
-
Amanda Buchholz Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.12M
CAP Approach
CAP
$4.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.17M
Owner & transaction history
Three Wall Nick Investments LLC · 3 yrs held
Three Wall Nick Investments LLC
since 2023
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
OC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.6M
+10.8%
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
$4,065,000
ML approach
$4,115,000
CAP Approach
CAP Return
Estimation
6%
$4,655,000
6.5%
$4,295,000
7%
$3,990,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,965,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,610,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$4.17M
Range $3.75M – $4.58M · ±10% · vs last sale $4.18M (Jan 20 2023)
Last sale anchor
$4.18M
Jan 20 2023
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
$168 / 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
$63,361
Tax year 2023
Assessed value
$1,164,830
Assessed 2023
Previous assessed
$1,164,830
+0.0% YoY
Effective rate
5.44%
On assessed value
Assessed land
$311,430
Assessed improvement
$853,400
Land market value
$1,116,225
Improvement market value
$3,058,775
Total market value
$4,175,000
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
For Lease
Year built
2003
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
24,806 SF
Lot
2.5 ac (108,900 SF)
Zoning code
OC/CR
APN
6333317005
UPID
US13-0094249
Jurisdiction
EL PASO
Zoning & alternative use
OC/CR · Colorado Springs, COZoning OC/CR · permitted uses
OC/CR · 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
MEDICAL BUILDING Current
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
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
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Three Wall Nick Investments LLC
Entity
Mailing address
3280 N DOWNING ST STE B, DENVER, CO 80205-3997
Ownership since
2023
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
Jan 20, 2023
$4,175,000
Three Wall Nick Investments LLC
Csfp Real Estate LLC
Warranty Deed
$2,950,000 · Ent Cu
Mar 8, 2006
—
Csfp Real Estate LLC
—
Trustees Deed
related
$136,000 · American National Bank & Trust
—
—
Csfp Real Estate LLC
—
Deed Of Trust
related
$188,000 · First Command Bank
—
—
Csfp Real Estate LLC
—
Loan Modification
related
$2,911,748 · First Command Bank
—
—
Csfp Real Estate LLC
—
Deed Of Trust
related
$180,000 · Ent FCU
—
—
Csfp Real Estate LLC
—
Loan Modification
related
$16,847 · First Command Bank
—
—
Csfp Real Estate LLC
—
Deed Of Trust
related
$1,300,000 · Community Economic Dev Co Co
—
—
Csfp Real Estate LLC
—
Deed Of Trust
related
$2,911,748 · First Command Bank
—
—
Csfp Real Estate LLC
—
Deed Of Trust
related
$144,279 · First Command 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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