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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Medical Office Space
3155 Un Blvd Colorado Springs, CO 80907-8703
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-1208784
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Construction
WOOD FRAME
Total area
9,537 SF
Lot
1.45 ac (63,162 SF)
Zoning code
OC/CR
APN
6332111001
UPID
US13-1208784
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
-
Dr. Mathew K. Chang, MD Ophthalmologist
-
Dr. Jack A. Zamora, MD Ophthalmologist
-
Skyline LASIK Physician Ophthalmologist
-
Peak Vision Optical Ophthalmologist (Bike/Boat/Book/etc) Store
-
Felicia T. Popowski, O Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.65M
Comparable Approach
Comparable
$1.29M
Blend (final)
Blend
$1.43M
Owner & transaction history
3155 Union LLC · 12 yrs held
3155 Union LLC
since 2014
7 recorded transactions
Zoning & alternative use
OC/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,790,000
6.5%
$1,650,000
7%
$1,535,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,295,000
Current use
AUTO REPAIR, GARAGE
$2,350,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$2,005,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±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
$149 / 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
$32,162
Tax year 2023
Assessed value
$595,400
Assessed 2023
Previous assessed
$595,400
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$132,170
Assessed improvement
$463,230
Land market value
$473,715
Improvement market value
$1,660,305
Total market value
$2,134,020
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
1992
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
9,537 SF
Lot
1.45 ac (63,162 SF)
Zoning code
OC/CR
APN
6332111001
UPID
US13-1208784
Jurisdiction
EL PASO
Zoning & alternative use
OC/CR · Colorado Springs, CO
Zoning 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
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1992
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
3155 Union LLC
Entity
Mailing address
3155 N UN BLVD, COLORADO SPRINGS, CO 80907-8703
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Aug 28, 2015
—
3155 Union LLC
—
Trustees Deed
related
$500,000 · Kirkpatrick Bk
Feb 3, 2014
$1,400,000
3155 Union LLC
Union Properties LLC
Warranty Deed
$1,120,000 · Kirkpatrick Bank
Aug 4, 2000
—
Union Properties LLC
Buckley,britt A
Quit Claim Deed
related
$155,000 · Western National Bank Colorado
Oct 30, 1998
—
Union Properties LLC
Buckley,britt A
Quit Claim Deed
related
—
Jan 2, 1998
—
Union Properties LLC
Buckley,britt A
Quit Claim Deed
related
—
—
—
3155 Union LLC
—
Loan Modification
related
$632,210 · Kirkpatrick Bk
—
—
3155 Union LLC
—
Deed Of Trust
related
$650,000 · Miscellaneous Govt Agcy
—
—
Union Properties INC
—
Deed Of Trust
related
$1,320,000 · Western National Bank Colorado
—
—
Union Properties LLC
—
Deed Of Trust
related
$1,746,858 · American National Bank & Trust
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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