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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Medical Office Space
4020 Palmer Park Blvd Colorado Springs, CO 80909-3402
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US13-0643154
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
25,632 SF
Lot
2.02 ac (87,991 SF)
Zoning code
PBC SS
APN
6402300022
UPID
US13-0643154
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
-
Jones Ralph T MD Physician
-
Professional Accounting & Tax Accounting Firm Tax Preparation
-
Rae Bontekoe Physician
-
Harold Okocha Pharmacy
-
DDS Solution Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
Lwg Ents Lllp · 9 yrs held
Lwg Ents Lllp
since 2017
7 recorded transactions
Zoning & alternative use
PBC SS · 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
$93 / 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
$21,511
Tax year 2023
Assessed value
$400,990
Assessed 2023
Previous assessed
$400,990
+0.0% YoY
Effective rate
5.36%
On assessed value
Assessed land
$132,570
Assessed improvement
$268,420
Land market value
$475,151
Improvement market value
$962,076
Total market value
$1,437,227
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
25,632 SF
Lot
2.02 ac (87,991 SF)
Zoning code
PBC SS
APN
6402300022
UPID
US13-0643154
Jurisdiction
EL PASO
Zoning & alternative use
PBC SS · Colorado Springs, CO
Zoning PBC SS · permitted uses
PBC SS · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
2.02 ac
Current owner
From public records · entity-resolved
Lwg Ents Lllp
Entity
Mailing address
4020 PALMER PARK BLVD STE #100, COLORADO SPRINGS, CO 80909-3433
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2017
—
Lwg Enterprises Lllp
—
Deed
related
$700,000 · First Citizens Bank & Trust Co
Jul 10, 2017
$1,085,000
Lwg Ents Lllp
Egbert,james R & Marlis D
Grant Deed
—
Nov 28, 2016
—
James R Egbert
—
Deed
related
$300,000 · James R Egbert
Jan 12, 1999
$1,402,300
James R Egbert
Esi Holdings Palmer Park LLC
Quit Claim Deed
related
—
—
—
Esi Holdings Palmer Park LLC
—
Deed Of Trust
related
$250,000 · Pueblo Bank & Trust Co
—
—
James R Egbert
—
Deed Of Trust
related
$250,000 · Vista Bank
—
—
Marlis D Egbert
—
Deed Of Trust
related
$494,253 · Bank Of The West
—
—
James R Egbert
—
Deed Of Trust
related
$300,000 · James R Egbert
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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