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Property profile & analytics
OFF-MARKET
Estimated value
$5,080,000
Office buildings
320 Wooten Rd, Colorado Springs, CO 80916-4700
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-1361258
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
31,499 SF
Lot
12.44 ac (541,886 SF)
Zoning code
PBC AO APZ2 SS
APN
6414108001
UPID
US13-1361258
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
-
Boeing Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.30M
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$5.08M
Owner & transaction history
Platte Holdings LLC · 6 yrs held
Platte Holdings LLC
since 2019
3 recorded transactions
Zoning & alternative use
PBC AO APZ2 SS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.4M
+24.8%
Auto repair, garage
$7.8M
+15.3%
Medical building
$7.6M
+12.6%
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%
$6,820,000
6.5%
$6,295,000
7%
$5,845,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,725,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,395,000
Change: +25% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,755,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$7,575,000
Change: +13% · Conversion: Easy
RETAIL STORES
$6,620,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$5.08M
Range $4.57M – $5.59M · ±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
$161 / 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
$6,132,400
Assessed 2023
Previous assessed
$6,132,400
+0.0% YoY
Assessed land
$536,710
Assessed improvement
$5,595,690
Land market value
$1,923,695
Improvement market value
$20,056,253
Total market value
$21,979,948
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
5
Stories
1
Total area
31,499 SF
Lot
12.44 ac (541,886 SF)
Zoning code
PBC AO APZ2 SS
APN
6414108001
UPID
US13-1361258
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO APZ2 SS · Colorado Springs, CO
Zoning PBC AO APZ2 SS · permitted uses
PBC AO APZ2 SS · 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
OFFICE BUILDING Current
Est. value
$6.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$7.6M
RETAIL STORES
Est. value
$6.6M
OFFICE BUILDING Current
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
5
Lot
12.44 ac
Current owner
From public records · entity-resolved
Platte Holdings LLC
Entity
Mailing address
248 ADDIE ROY RD STE A204, AUSTIN, TX 78746-4134
Ownership since
2019
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
Nov 7, 2019
$22,000,000
Platte Holdings LLC
Platte Airpark LLC
Trustees Deed
$16,500,000 · Argentic R/e Fin LLC
Jan 31, 2014
$14,350,000
Platte Airpark LLC
Platte Airpark Dev LLC
Grant Deed
—
—
—
Platte Airpark LLC
—
Deed Of Trust
related
$10,875,000 · Cantor Com'l R/e Lndg
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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