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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Medical Office Space
4195 Centennial Blvd Colorado Springs, CO 80907-3767
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-2330889
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2018
Construction
WOOD FRAME
Total area
4,472 SF
Lot
0.67 ac (29,161 SF)
Zoning code
PBC P
APN
7326102015
UPID
US13-2330889
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
-
ELITE HEARING of Colorado Springs Physician
-
Dr. LeRoy Popowski O D Physician
-
ELITE VISION Physician
-
Dr. Nichole Kovel Medical Clinic
-
Dr. Allison Ruehlen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$967k
Blend (final)
Blend
$900k
Owner & transaction history
Colorado Springs Real Estate LLC · 8 yrs held
Colorado Springs Real Estate LLC
since 2017
1 recorded transaction
Zoning & alternative use
PBC P · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+13.8%
Neighborhood: shopping center
$1.2M
+10.8%
Auto repair, garage
$1.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,075,000
Current use
OFFICE BUILDING
$1,225,000
Change: +14% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,190,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,100,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$940,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$900k
Range $810k – $990k · ±10%
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
$201 / 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
$23,919
Tax year 2023
Assessed value
$444,920
Assessed 2023
Previous assessed
$444,920
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$106,170
Assessed improvement
$338,750
Land market value
$380,551
Improvement market value
$1,214,170
Total market value
$1,594,721
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
2018
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,472 SF
Lot
0.67 ac (29,161 SF)
Zoning code
PBC P
APN
7326102015
UPID
US13-2330889
Jurisdiction
EL PASO
Zoning & alternative use
PBC P · Colorado Springs, CO
Zoning PBC P · permitted uses
PBC P · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$940,000
MEDICAL BUILDING Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Colorado Springs Real Estate LLC
Entity
Mailing address
4195 CENTENNIAL BLVD, COLORADO SPRINGS, CO 80907-3767
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2017
$260,000
Colorado Springs Real Estate LLC
Spinnaker Properties INC
Special Warranty Deed
$1,120,000 · First Citizens 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.
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