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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Medical Office Space
4617 Austin Blfs Pkwy Colorado Springs, CO 80918-2937
Trust Owned
~
Est. High Equity
Property ID
US13-0770252
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,080 SF
Lot
0.67 ac (29,225 SF)
Zoning code
PBC AO
APN
6323414014
UPID
US13-0770252
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$1.12M
Blend (final)
Blend
$1.19M
Owner & transaction history
Atg2023 Business Trust
Atg2023 Business Trust
since 2026
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
PBC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.6M
+10.8%
Auto repair, garage
$1.5M
+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
$1,170,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,395,000
7%
$1,295,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,460,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,620,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,495,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,280,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.20M (Apr 10 2023)
Last sale anchor
$1.20M
Apr 10 2023
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
$196 / 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
$13,822
Tax year 2023
Assessed value
$256,910
Assessed 2023
Previous assessed
$256,910
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$99,480
Assessed improvement
$157,430
Land market value
$356,545
Improvement market value
$564,253
Total market value
$920,798
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
6,080 SF
Lot
0.67 ac (29,225 SF)
Zoning code
PBC AO
APN
6323414014
UPID
US13-0770252
Jurisdiction
EL PASO
Zoning & alternative use
PBC AO · Colorado Springs, COZoning PBC AO · permitted uses
PBC AO · 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
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING Current
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Atg2023 Business Trust
Trust
Mailing address
7608 E WINDLAWN WAY, PARKER, CO 80134-5934
Ownership since
2026
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
May 8, 2026
$1,039,744
Atg2023 Business Trust
Live Oak Number One INC
Special Warranty Deed
—
Apr 10, 2023
—
Atg2023 Business Trust
Allan N German
Quit Claim Deed
related
$2,520,000 · Live Oak Banking Company
Apr 10, 2023
$1,200,000
Fitzgibbon Holdings LLC
Atg2023 Business Trust
Special Warranty Deed
—
Dec 19, 2013
$500,000
Allan N German
Mel Bar LLC
Warranty Deed
$497,500 · Canon National Bank
Mar 30, 2009
—
Mel Bar LLC
—
Trustees Deed
related
$502,800 · Wells Fargo Bank
Dec 29, 1998
$253,000
Mel Bar LLC
Gawa LLC
Grant Deed
—
—
—
Mel Bar LLC
—
Deed Of Trust
related
$453,842 · Wells Fargo Bank
—
—
Mel Bar LLC
—
Deed Of Trust
related
$464,910 · Wells Fargo 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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