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Property profile & analytics
OFF-MARKET
Medical Office Space
3612 Galley Rd Ste B Colorado Springs, CO 80909-4355
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2670110
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1983
Construction
WOOD FRAME
Total area
986 SF
Lot
0.13 ac (5,857 SF)
Zoning code
OR/CR
APN
6410118031
UPID
US13-2670110
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
-
Olsen Lonnie E DDS Dental Office
-
Redeemer's Heart Church Church
-
N10 Massage. Alternative Medicine Practice Spa & Massage Center
-
Good Shepherd Acupuncture and Naturopathic Medicine Medical Clinic
-
JYH-MEI LIU Alternative Medicine Practice Acupuncture
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nichole Lyle · 2 yrs held
Nichole Lyle
since 2023
Last sale
$132,000
7 recorded transactions
Zoning & alternative use
OR/CR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,580
Assessed 2023
Previous assessed
$30,580
+0.0% YoY
Assessed land
$12,660
Assessed improvement
$17,920
Land market value
$45,392
Improvement market value
$64,232
Total market value
$109,624
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
1983
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
986 SF
Lot
0.13 ac (5,857 SF)
Zoning code
OR/CR
APN
6410118031
UPID
US13-2670110
Jurisdiction
EL PASO
Zoning & alternative use
OR/CR · Colorado Springs, COZoning OR/CR · permitted uses
OR/CR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Nichole Lyle
Individual
Mailing address
1429 PRADO DR, FOUNTAIN, CO 80817-1026
Ownership since
2023
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
Sep 8, 2023
$132,000
Nichole Lyle
Sewlutions LLC
Warranty Deed
—
Aug 19, 2021
$70,000
Sewlutions LLC
Citadel Professional Building LLC
Special Warranty Deed
$66,700 · The Pueblo Bank And Trust Co
Jan 22, 2019
—
Citadel Professional Building LLC
—
Deed
related
$107,404 · Aspen Mortgage Corporation
Aug 27, 2018
—
Citadel Prof Bldg LLC
—
Deed
related
$154,047 · Us Bk
Jul 2, 2004
—
Citadel Professional Bldg Co
Schreder,larry
Quit Claim Deed
related
$340,000 · Ent FCU
May 20, 2004
—
Larry Schreder
Soglee,daniel A
Trustees Deed
related
—
Jan 21, 2004
$375,050
Larry Schreder
Deputy Public Te Of Elpaso Cnty
Trustees Deed
—
—
—
Citadel Prof Building LLC
—
Deed Of Trust
related
$190,000 · Us Bank NA
—
—
Citadel Profeesional Building
—
Deed Of Trust
related
$50,000 · Schreder Family Trust (pt)
—
—
Citadel Prof Bldg LLC
—
Loan Modification
related
$154,047 · Us 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.
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