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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
Office buildings
4525 Northpark Dr Colorado Springs, CO 80918-3811
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0365757
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,992 SF
Lot
1.2 ac (52,272 SF)
Zoning code
C6/CR
APN
6319303018
UPID
US13-0365757
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
-
Ten Chi Aikido of Colorado Springs Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.56M
Blend (final)
Blend
$2.30M
Owner & transaction history
Step Springs · 2 yrs held
Step Springs
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
C6/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+41.0%
Auto repair, garage
$3.4M
+30.2%
Medical building
$3.4M
+27.2%
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
$2,300,000
ML approach
$2,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,645,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,730,000
Change: +41% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,445,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$3,365,000
Change: +27% · Conversion: Easy
RETAIL STORES
$2,940,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10% · vs last sale $2.30M (May 24 2024)
Last sale anchor
$2.30M
May 24 2024
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
$164 / 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
$33,090
Tax year 2023
Assessed value
$603,400
Assessed 2023
Previous assessed
$603,400
+0.0% YoY
Effective rate
5.48%
On assessed value
Assessed land
$84,590
Assessed improvement
$518,810
Land market value
$303,178
Improvement market value
$1,859,541
Total market value
$2,162,719
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
13,992 SF
Lot
1.2 ac (52,272 SF)
Zoning code
C6/CR
APN
6319303018
UPID
US13-0365757
Jurisdiction
EL PASO
Zoning & alternative use
C6/CR · Colorado Springs, CO
Zoning C6/CR · permitted uses
C6/CR · 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
OFFICE BUILDING Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$2.9M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.2 ac
Current owner
From public records · entity-resolved
Step Springs
Individual
Mailing address
2029 LARIMER ST, DENVER, CO 80205-2014
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2024
$2,300,000
Step Springs
Odyssey Properties LLC
Special Warranty Deed
—
Jun 26, 2020
—
Odyssey Properties LLC
—
Deed
related
$1,936,000 · Midwest Regional Bank
Nov 7, 2013
$775,000
Odyssey Properties LLC
Pikes Peak Investments LLP
Special Warranty Deed
$773,484 · Jpmorgan Chase Bank NA
Mar 8, 2013
—
Pikes Peak Investments LLP
—
Trustees Deed
related
$125,000 · Schulz Ptshp Lllp
Oct 28, 2011
—
Pikes Peak Investments LLP
—
Trustees Deed
related
$610,000 · Kab Investments LLC
Aug 28, 2008
—
Pikes Peak Investments LLP
—
Deed Of Trust
related
$7,950,350 · Teambank NA
Sep 27, 2002
$700,000
Pikes Peak Investments LP
Carr,john F & Helen
Grant Deed
$900,000 · First Country Bank
May 4, 1999
$617,000
John F Carr
Baird,barry L
Grant Deed
—
—
—
Odyssey Properties LLC
—
Deed Of Trust
related
$636,000 · Pikes Peak Regional Dev Corp
—
—
Pikes Peak Investments LLP
—
Deed Of Trust
related
$62,800 · Wc Bancorp INC
—
—
Pikes Peak Investments LLP
—
Deed Of Trust
related
$610,000 · Kab Investments LLC
—
—
John F Carr
—
Deed Of Trust
related
$461,250 · Guaranty Bank & Trust Co
—
—
Pikes Peak Investments LLP
—
Deed Of Trust
related
$680,285 · Legacy Bank
—
—
Pikes Peak Investments LLP
—
Deed Of Trust
related
$75,000 · Americas Community Bank
—
—
Colorado Springs Equities LLC
—
Deed Of Trust
related
$208,000 · First Community 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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