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Property profile & analytics
FOR SALE
Medical Office Space
3525 American Dr Colorado Springs, CO 80917
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2247434
For Sale
1 / 2
Contact for pricing
3525 American Dr, Colorado Springs, CO 80917
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
WOOD FRAME
Total area
2,640 SF
Lot
0.37 ac (15,955 SF)
Zoning code
OC/CR SS
APN
6327410018
UPID
US13-2247434
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
-
Brown Kimberly R Physician
-
Flying Horse Medical Center Physician
-
Doctor Advanced Weight Loss Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$455k
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$600k
Owner & transaction history
3525 American Property Management L · 2 yrs held
3525 American Property Management L
since 2024
Last sale
$600,000
5 recorded transactions
Zoning & alternative use
OC/CR SS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$705,000
+10.8%
Auto repair, garage
$650,000
+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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$495,000
6.5%
$455,000
7%
$425,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$635,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$705,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$565,000
Change: -11% · Conversion: Easy
RETAIL STORES
$555,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Feb 23 2024)
Last sale anchor
$600k
Feb 23 2024
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
$227 / 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
$8,637
Tax year 2023
Assessed value
$166,010
Assessed 2023
Previous assessed
$166,010
+0.0% YoY
Effective rate
5.20%
On assessed value
Assessed land
$22,920
Assessed improvement
$143,090
Land market value
$82,168
Improvement market value
$512,855
Total market value
$595,023
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
For Sale
Year built
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,640 SF
Lot
0.37 ac (15,955 SF)
Zoning code
OC/CR SS
APN
6327410018
UPID
US13-2247434
Jurisdiction
EL PASO
Zoning & alternative use
OC/CR SS · Colorado Springs, COZoning OC/CR SS · permitted uses
OC/CR SS · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$635,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$650,000
OFFICE BUILDING
Est. value
$565,000
RETAIL STORES
Est. value
$555,000
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE 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
1997
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
3525 American Property Management L
Entity
Mailing address
1615 SILVERSMITH RD, COLORADO SPRINGS, CO 80921-7225
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2024
$600,000
3525 American Property Management L
American Drive LLC
Special Warranty Deed
$600,000 · American Drive LLC
Feb 23, 2024
—
Fraser Professional Medical Group L
—
Deed
related
$250,000 · George I Juetersonke
Mar 22, 2021
—
American Drive LLC
Sandra K Juetersonke
Warranty Deed
—
—
—
George J Juetersonke
—
Deed Of Trust
related
$340,000 · Us Bank NA
—
—
George Juetersonke
—
Deed Of Trust
related
$275,000 · Paul Klassen
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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