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Property profile

402 Garden Of The Gods Rd Colorado Springs, CO 80918

FOR LEASE
Medical Office Space
Property ID
US13-1103199
4,262 SF 0.41 ac lot Built 1982
Last sale Oct 2024 · $1,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional medical office space, located at 402 Garden of the Gods Rd in Colorado Springs, CO 80907, presents a unique leasing opportunity. The property, built in 1982, offers a total of 5,735 square feet, with 1,953 square feet currently available for lease. The building is designated as a multi-tenant property, ideal for a variety of medical practices. The ample parking provides a convenient 4.8 spaces per 1,000 square feet of rentable space. Situated in El Paso County, this…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$84k
Assessed land$82k
Assessed improvement$1k
Effective rate4.93%

Value estimate

· Oct 2026
$1.00M
$900k – $1.10M
AI approach$1.00M
CAP approach$740k
Submarket $/SF estimate$626k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$4k
Operating expenses−$6k
NOI · 71,203.70% cap applied$19k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$241/SF
Submarket average, outlier-cleaned · 94 recorded sales of this use type
Observed band · Q1–Q3$147 – $331

Cap rate analysis

How does the asset earn?
71,203.70%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C6/CR CU
JurisdictionEL PASO

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.9
Dental Office15.7
Parking Facility11.7

Location

402 Garden Of The Gods Rd Colorado Springs, CO 80918
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2709 Tejon, Colorado Springs, CO 80907-6231 $3,033,000 Jun 2022 9,023 SF
1701 Weber, Colorado Springs, CO 80907 $560,000 Dec 2020 2,343 SF
3480 Centennial, Colorado Springs, CO 80907-4087 $2,050,000 Oct 2018 11,663 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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