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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Medical Office Space
3225 International Cir Colorado Springs, CO 80910-3161
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US13-0737416
Property summary
AI-generated overview
This exceptional two-story medical office building, totaling 12,462 square feet, is situated in the highly desirable Printers Park area of Colorado Springs, Colorado. Built in 1999, the property features 11-foot ceilings and is zoned MX-N. Currently, there are 2,986 square feet of vacant space available, with two contiguous suites ranging from approximately 1,486 to 1,500 square feet each, offering high flexibility for potential tenants. The building boasts a prime location near Memorial Hospital, downtown Colorado Springs, and the Colorado Springs Airport, providing excellent accessibility and visibility. Enjoy stunning views of Pikes Peak and the Front Range. Ample on-site parking is available, with future plans for covered parking. The property is ideally suited for medical professionals seeking lease space or owner-users looking for rental income. This presents a unique opportunity, as the building's sale price is notably below its recent appraised value. The property's APN is 64163-10-005, located at 3225 International Cir, Colorado Springs, CO 80910. This is a single building on a single lot.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
WOOD FRAME
Total area
12,457 SF
Lot
0.97 ac (42,173 SF)
Zoning code
OC
APN
6416310005
UPID
US13-0737416
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
-
Qtc Hospital
-
Melissa Hammock, MA, MEd, LMFT Family Counselor
-
Dr. Joseph C. Hammock Jr. Physician Medical Clinic
-
Dorothy Propst, DPT Physician
-
Castrejon Miguel MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.59M
Owner & transaction history
Matthew R Craddock
Matthew R Craddock
since 2026
7 recorded transactions
Zoning & alternative use
OC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$2,340,000
6.5%
$2,160,000
7%
$2,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,620,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±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
$128 / 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
$30,784
Tax year 2023
Assessed value
$570,230
Assessed 2023
Previous assessed
$570,230
+0.0% YoY
Effective rate
5.40%
On assessed value
Assessed land
$87,070
Assessed improvement
$483,160
Land market value
$312,080
Improvement market value
$1,731,752
Total market value
$2,043,832
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
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
12,457 SF
Lot
0.97 ac (42,173 SF)
Zoning code
OC
APN
6416310005
UPID
US13-0737416
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
RETAIL STORES
Est. value
$2.6M
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
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.97 ac
Current owner
From public records · entity-resolved
Matthew R Craddock
Individual
Mailing address
337 E PIKE PEAK AVE STE #200, COLORADO SPRINGS, CO 80903-1939
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 19, 2026
—
Matthew R Craddock
Cutis 3 LLC
Deed
related
—
Apr 30, 2024
—
Cutis 3 LLC
—
Deed
related
$900,000 · 5star Bank
May 18, 2020
—
Cutis-3 LLC
—
Deed
related
$1,000,000 · Us Bk
Jun 3, 2014
—
Cutis-3 LLC
—
Trustees Deed
related
$881,372 · Ted Link
Sep 12, 2000
—
Cutis-3 LLC
—
Grant Deed
related
$230,000 · Pueblo Bank & Trust Co
Oct 20, 1998
—
Cutis-3 LLC
—
Grant Deed
related
$1,100,000 · Pueblo Bank & Trust Co
—
—
Cutis-3 LLC
—
Deed Of Trust
related
$1,318,431 · Bank Of The West
—
—
Cutis-3 LLC
—
Loan Modification
related
$1,000,000 · Us Bk
—
—
Cutis 3 LLC
—
Deed Of Trust
related
$1,222,500 · Affinity Bank
—
—
Cutis-3 LLC
—
Deed Of Trust
related
$1,470,000 · Commercial Federal 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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