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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Medical Office Space
4711 Opus Dr B Colorado Springs, CO 80906-8649
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1839455
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2007
Construction
WOOD FRAME
Total area
1,892 SF
Zoning code
OC HS
APN
6507111016
UPID
US13-1839455
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
-
Hill Dentistry Dental Office
-
Edward Reed American Family Insurance Insurance Agency
-
Childers Dr | Colorado Springs Medical Care Pediatrician Physician
-
Dawn Esthetics Spa & Massage Center Skin Care Clinic
-
Miracle-Ear Hearing Aid Center Hearing Aid Store Hearing Aid Repair Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$550k
Owner & transaction history
William J Patte · 4 yrs held
William J Patte
since 2022
Last sale
$550,000
2 recorded transactions
Zoning & alternative use
OC HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$730,000
+59.9%
Neighborhood: shopping center
$505,000
+10.8%
Auto repair, garage
$465,000
+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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$455,000
Current use
COMMERCIAL (GENERAL)
$730,000
Change: +60% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$505,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$465,000
Change: +2% · Conversion: Difficult
OFFICE BUILDING
$405,000
Change: -11% · Conversion: Easy
RETAIL STORES
$400,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Nov 12 2024)
Last sale anchor
$550k
Nov 12 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
$291 / 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
$8,016
Tax year 2023
Assessed value
$123,350
Assessed 2023
Previous assessed
$123,350
+0.0% YoY
Effective rate
6.50%
On assessed value
Assessed land
$29,930
Assessed improvement
$93,420
Land market value
$107,270
Improvement market value
$334,840
Total market value
$442,110
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
2007
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
1,892 SF
Zoning code
OC HS
APN
6507111016
UPID
US13-1839455
Jurisdiction
EL PASO
Zoning & alternative use
OC HS · Colorado Springs, CO
Zoning OC HS · permitted uses
OC HS · 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
$455,000
COMMERCIAL (GENERAL)
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$465,000
OFFICE BUILDING
Est. value
$405,000
RETAIL STORES
Est. value
$400,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE 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
2007
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Current owner
From public records · entity-resolved
William J Patte
Individual
Mailing address
4711 OPUS DR STE #201, COLORADO SPRINGS, CO 80906-8649
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
$550,000
William J Patte
4711 Opus LLC
Special Warranty Deed
$450,000 · 4711 Opus LLC
Nov 2, 2018
$450,000
4711 Pus LLC
Beverly E Childers
Special Warranty Deed
$337,500 · Ent Cu
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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