Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3910 Carefree Cir Colorado Springs, CO 80917

    • Medical offices
    • 17,646 SF
    • 1.55 lot acres
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0311369
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Physical Medicine of the Rockies / Physician / Medical Clinic
    • Apex Physical Medicine & Rehabilitation / Physician / Medical Clinic
    • Laura Solmonson / Physician
    • Foothills Medical Clinic / Medical Clinic
    • Rita Yang / Physician

    Property Details for 3910 Carefree Cir

    Year built
    1983
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.55 lot acres
    Property size
    17,646 SF
    Zone code
    C6/CR CU
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    6335208004
    APU
    6335208004

    Description

    This exceptional 3,636 square foot medical office building is located at 3910 S. Carefree Circle in Colorado Springs, Colorado, zip code 80917. The entire building, totaling 3,636 square feet, is currently vacant and available for lease. The space is configured to accommodate multiple tenants, offering flexibility for various medical practices. Individual suites range in size from approximately 1,762 to 3,635 square feet, providing options for businesses of different scales. The building boasts abundant natural light thanks to numerous exterior windows, ensuring a bright and welcoming atmosphere for patients and staff. Ample parking is available for the convenience of patients and employees. A significant advantage of this property is its proximity to Peak Vista Health Centers at Academy, placing it within a well-established medical corridor and benefiting from high visibility and convenient access for patients. The building is situated on the ground floor, providing easy accessibility. This presents a unique opportunity for a medical practice or group seeking a prominent location in a thriving healthcare hub. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,310,000
      6.5%
      $3,055,000
      7%
      $2,840,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,804,000
      Market price range: $2.59M - $5.85M
      AI Estimate
      $1,852,000
      Market price range: $1.85M - $3.56M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,245,000
      Current use
      OFFICE BUILDING
      $3,770,000
      Change: -11% Conversion: Easy
      RETAIL STORES
      $3,710,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.754
    Latitude
    38.8779
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $24,576
    $148,820
    $308,100
    $456,920
    -
    $533,392
    $1,104,305
    $1,637,697

    Comparable in this City

    • Value Estimation by Request
      1,010 SF

      3585 Van Teylingen Dr Ste D

      MEDICAL BUILDING • 1,010 SF
      3585 Van Teylingen Dr Ste D, Colorado Springs, CO 80917-4872
      View Details
    • Value Estimation by Request
      2,097 SF

      3208 Academy Blvd Ste, Unit 100

      MEDICAL BUILDING • 2,097 SF
      3208 Academy Blvd Ste, Colorado Springs, CO 80917-5171
      View Details
    • Value Estimation by Request
      2,267 SF

      3233 Carefree Cir

      MEDICAL BUILDING • 2,267 SF
      3233 Carefree Cir, Colorado Springs, CO 80917-3004
      View Details
    • Value Estimation by Request
      1,697 SF

      3585 Van Teylingen Dr E E Ste

      MEDICAL BUILDING • 1,697 SF
      3585 Van Teylingen Dr E E Ste, Colorado Springs, CO 80917-4872
      View Details
    • Value Estimation by Request
      1,283 SF

      3220 Academy Blvd Ste, Unit 3

      MEDICAL BUILDING • 1,283 SF
      3220 Academy Blvd Ste, Colorado Springs, CO 80917-5115
      View Details
    • Value Estimation by Request
      612 SF

      3208 Academy Blvd, Unit 130

      MEDICAL BUILDING • 612 SF
      3208 Academy Blvd, Colorado Springs, CO 80917-5161
      View Details

    Similar Nearby for Sale

    • $1,395,000
      9,402 SF

      Academy Blvd Medical Office

      Colorado Springs medical office building, owner-user opportunity.
      3090 Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $1,699,000
      9,552 SF

      Multifunctional Property Near Citadel Mall

      Adaptable units suitable for clinics, offices, or schools.
      2850 W Serendipity Cir, Colorado Springs, CO 80917
      View Details
    • $650,000
      2,640 SF

      Colorado Springs Office Building For Sale

      Professional or medical office building in a high-demand Colorado Springs corridor.
      3525 American Dr, Colorado Springs, CO 80917
      View Details
    • $1,300,000
      7,356 SF

      Academy Blvd Executive Office Building

      Colorado Springs Office Building - $1.3M
      2960 Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $3,135,000
      21,120 SF

      Parkmoor Professional Office Building

      20,950 RSF office building in North Colorado Springs submarket.
      3100 N Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $1,250,000
      7,943 SF

      Academy Blvd Executive Office Building

      Colorado Springs Office Building - 100% Leased
      3060 Academy Blvd, Colorado Springs, CO 80917
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,400 SF

      Prime Retail/Office/Medical Space Available

      2,400 SF retail/office/medical space off Academy Blvd.
      3470-3490 W Carefree Cir, Colorado Springs, CO 80917
      View Details
    • $12 SF/Yr
      31,476 SF

      Academy Park Center Office Suites

      Colorado Springs Executive/Medical Office Space
      3204 Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $11 SF/Yr
      3,636 SF

      Carefree Circle Medical Office Space

      Colorado Springs medical office building, fully vacant.
      3910 Carefree Cir, Colorado Springs, CO 80917
      View Details
    • $12 SF/Yr
      4,821 SF

      Colorado Springs Medical Office Space

      Prime Medical Office, 2,613 SF Available
      3440 Carefree Cir, Colorado Springs, CO 80917
      View Details
    • $15 SF/Yr
      60,040 SF

      Academy Station Office Space

      Colorado Springs medical/office suites available
      3952 Academy Blvd, Colorado Springs, CO 80917
      View Details
    • $12 SF/Yr
      21,552 SF

      Executive Suites Colorado Springs

      Prime Office Space Available Now
      3100 Academy Blvd, Colorado Springs, CO 80917
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3910 Carefree Cir
    Colorado Springs, CO 80917
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.