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    3920 N Union Blvd Colorado Springs, CO 80907
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    Property profile & analytics

    3920 N Union Blvd, Colorado Springs, CO 80907

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    • Medical Office Space
    • 103,599 SF
    • 7.86 lot acres
    Medical/Office Space For Lease For Lease
    $16,300,000

    Medical/Office Space For Lease

    Class A medical/office space available for lease.

    3920 N Union Blvd, Colorado Springs, CO 80907
    View Listing
    Property ID
    US13-0587488
    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.

    Value Estimations
    $16,300,000
    Cap Rate Potential
    7.7%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Colorado Shoulder Elbow Wrist / Medical Clinic
    • Select Medical / Medical Clinic
    • Colorado Springs Vet Center / Crisis Center / Medical Clinic
    • Optima Rehabilitation / Physician
    • Center For Plastic Surgery / Medical Clinic

    Property Details for 3920 N Union Blvd

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    7.86 lot acres
    Zone code
    OC/CR
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    6328305040
    APU
    6328305040

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 9, 2021 $16,020,000 Hta Austin Bluffs Mob LLC Austin Bluffs Imp Ltd Special Warranty Deed —
    Jan 3, 2020 — Austin Bluffs Imp Ltd — Grant Deed · related $32M · Vmc Lender LLC
    — — Austin Bluffs Imp Ltd — Loan Modification · related $44M · General Electric Capital Corp
    — — Austin Bluffs Imp Ltd — Loan Modification · related $44M · General Electric Capital Corp
    — — Austin Bluffs Imp Ltd — Deed Of Trust · related $32.8M · Healthcare Financial Solutions LLC Healthcare Financial Solutions LLC
    — — Austin Bluffs Imp Ltd — Deed Of Trust · related $13.3M · General Electric Capital Corp

    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $15,210,000
    • CAP approach

      CAP Return
      Estimation
      6%
      $19,445,000
      6.5%
      $17,950,000
      7%
      $16,665,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,124,000
      Market price range: $15.2M - $34.3M
      AI Estimate
      $11,829,000
      Market price range: $4.71M - $22.5M
    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $24,920,000
      Current use
      AUTO REPAIR, GARAGE
      $25,500,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $21,770,000
      Change: -13% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.788
    Latitude
    38.8875
    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
    $297,621
    $491,950
    $4,948,550
    $5,440,500
    -
    $1,763,262
    $17,736,738
    $19,500,000
    View Listing
    More about this property
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