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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Office buildings
3470 Centennial Blvd Colorado Springs, CO 80907-4090
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US13-0046029
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
WOOD FRAME
Total area
23,935 SF
Lot
1.72 ac (74,923 SF)
Zoning code
OC
APN
7336203003
UPID
US13-0046029
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
-
Kissing Camels Family Dentistry Dental Office
-
Mountain View Medical Group at Centennial Medical Clinic
-
Dr. Michael Yoesel, MD Pediatrician Physician
-
Khrystyl Pepi, MD Pediatrician Physician
-
Medical Rehabilitation Specialists Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$3.76M
Owner & transaction history
Centennial Partners LLC · 19 yrs held
Centennial Partners LLC
since 2007
6 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%
$4,190,000
6.5%
$3,865,000
7%
$3,590,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,890,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$5,755,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±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
$157 / 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
$1,395,000
Assessed 2023
Previous assessed
$1,395,000
+0.0% YoY
Assessed land
$167,230
Assessed improvement
$1,227,770
Land market value
$599,384
Improvement market value
$4,400,616
Total market value
$5,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
23,935 SF
Lot
1.72 ac (74,923 SF)
Zoning code
OC
APN
7336203003
UPID
US13-0046029
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
AUTO REPAIR, GARAGE
Est. value
$5.9M
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2007
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.72 ac
Current owner
From public records · entity-resolved
Centennial Partners LLC
Entity
Mailing address
3470 CENTENNIAL BLVD STE #100, COLORADO SPRINGS, CO 80907-4091
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2017
—
Centernnial Partners LLC
—
Deed
related
$100,000 · Ent Cu
Mar 9, 2017
—
Centennial Partners LLC
—
Deed
related
$2,700,000 · Ent Cu
Apr 10, 2007
$638,000
Centennial Partners LLC
Lyda Hill Foundation
Grant Deed
$4,275,000 · First Community Bank
—
—
Centennial Partners LLC
—
Loan Modification
related
—
—
—
Centennial Partners LLC
—
Loan Modification
related
—
—
—
Centennial Partners LLC
—
Deed Of Trust
related
$3,656,000 · Five Star Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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