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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
3237 Carefree Cir Colorado Springs, CO 80917-3004
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US13-2510583
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Construction
WOOD FRAME
Total area
4,392 SF
Lot
0.06 ac (2,466 SF)
Zoning code
OC
APN
6335201112
UPID
US13-2510583
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
-
Solution-Centered Wellness Psychotherapist
-
Dewy Esthetics Spa & Massage Center Skin Care Clinic
-
Urban Bodyworks Studio Alternative Medicine Practice Spa & Massage Center
-
Bomb Beauty Studio Alternative Medicine Practice Spa & Massage Center
-
Healing Springs | Colorado Springs Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$760k
Comparable Approach
Comparable
$696k
Blend (final)
Blend
$550k
Owner & transaction history
Cedar Ridge Properties LLC · 18 yrs held
Cedar Ridge Properties LLC
since 2007
7 recorded transactions
Zoning & alternative use
OC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
B. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with an internal traffic system or one larger office building with considerable landscaping. This type of development can serve as a transitional…
Zone name
Office Complex
General category
UNKNOWN
Zone area
25.70 ac
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%
$825,000
6.5%
$760,000
7%
$705,000
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$125 / 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
$113,400
Assessed 2023
Previous assessed
$113,400
+0.0% YoY
Assessed land
$5,520
Assessed improvement
$107,880
Land market value
$19,787
Improvement market value
$386,667
Total market value
$406,454
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
1972
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
4,392 SF
Lot
0.06 ac (2,466 SF)
Zoning code
OC
APN
6335201112
UPID
US13-2510583
Jurisdiction
EL PASO
Zoning & alternative use
OC · Colorado Springs, COZoning 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
Zoning description
B. OC - Office complex: This zone district accommodates various types of office uses performing administrative, professional and personal services. These are typically small office buildings developed in a cluster with an internal traffic system or one larger office building with considerable landscaping. This type of development can serve as a transitional use between more intensive uses of land such as major thoroughfares and/or commercial districts and the less intensive uses of land such as low density residential.
Zone name
Office Complex
General category
UNKNOWN
Zone area
25.70 ac
Building & site characteristics
From public records
Year built
1972
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
Cedar Ridge Properties LLC
Entity
Mailing address
25586 LITTLE SPGS RD, CALHAN, CO 80808-8816
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2016
—
Cedar Ridge Properties LLC
—
Deed
related
$100,000 · Ent FCU
Dec 20, 2007
$265,000
Cedar Ridge Properties LLC
H & B Properties
Warranty Deed
$225,025 · H & B Properties
Jun 30, 2003
—
Homestead Ridge Townhomes LLC
Shipwash,william L
Grant Deed
$683,000 · Pueblo Bank & Trust Co
Aug 8, 2000
$303,400
Ies Exchange Properties 10
Weiss,gerald J
Grant Deed
$1,000,000 · Pueblo Bank & Trust Co
—
—
William L Shipwash
—
Deed Of Trust
related
$215,000 · Pueblo Bank & Trust Co
—
—
Anthony J Gordon
—
Deed Of Trust
related
$100,000 · Pueblo Bank & Trust Co
—
—
Cedar Ridge Properties LLC
—
Deed Of Trust
related
$100,000 · Ent FCU
—
—
Cedar Ridge Properties LLC
—
Deed Of Trust
related
$120,000 · West 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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