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Property profile & analytics
OFF-MARKET
Estimated value
$1,705,000
Medical Office Space
415 Rockrimmon Blvd Colorado Springs, CO 80919-1776
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-0573396
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,838 SF
Lot
0.79 ac (34,553 SF)
Zoning code
OR HS SS
APN
7312412333
UPID
US13-0573396
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
-
Mathews Orthodontics Dental Office
-
Michele Mathews, DDS Dental Office
-
Foothills Dental Dental Office
-
Rock Dental Dental Office
-
Steven Nash Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.71M
Owner & transaction history
415 West Rockrimmon LLC · 6 yrs held
415 West Rockrimmon LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
OR HS SS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+2.3%
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
Method
Estimation
Statistic approach
$1,780,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
$2,035,000
6.5%
$1,880,000
7%
$1,745,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,605,000
Current use
AUTO REPAIR, GARAGE
$2,670,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$2,275,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.71M
Range $1.53M – $1.88M · ±10% · vs last sale $1.50M (Jun 30 2020)
Last sale anchor
$1.50M
Jun 30 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / 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
Assessed value
$559,400
Assessed 2023
Previous assessed
$559,400
+0.0% YoY
Assessed land
$49,650
Assessed improvement
$509,750
Land market value
$177,948
Improvement market value
$1,827,065
Total market value
$2,005,013
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
10,838 SF
Lot
0.79 ac (34,553 SF)
Zoning code
OR HS SS
APN
7312412333
UPID
US13-0573396
Jurisdiction
EL PASO
Zoning & alternative use
OR HS SS · Colorado Springs, COZoning OR HS SS · permitted uses
OR HS SS · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.79 ac
Current owner
From public records · entity-resolved
415 West Rockrimmon LLC
Entity
Mailing address
3228 SUN MTN VW, COLORADO SPRINGS, CO 80904-1139
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jun 30, 2020
—
415 West Rockrimmon LLC
415 W Rockrimmon LLC
Intrafamily Transfer
related
$1,248,577 · 5star Bank
Nov 9, 2018
—
415 West Rockrimmon LLC
—
Deed
related
$1,250,000 · 5star Bank
Sep 30, 2015
—
415 W Rockrimmon LLC
415 W Rockrimmon LLP
Quit Claim Deed
related
—
Apr 5, 1999
$1,500,000
415 West Rockrimmon LLP
Rl Development LLC
Grant Deed
$1,200,000 · Bank One Colorado
Sep 18, 1998
—
Rl Development LLC
Lewandowski,richard
Grant Deed
$1,188,000 · Tri-county Federal Savings Ban
—
—
415 West Rockrimmon LLP
—
Deed Of Trust
related
$1,247,000 · Five Star Bank
—
—
415 West Rockrimmon LLP
—
Deed Of Trust
related
$25,000 · First National Bank
—
—
415 West Rockrimmon LLP
—
Deed Of Trust
related
$1,080,000 · Five Star Bank
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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