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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5084 List Dr Colorado Springs, CO 80919

    • Office buildings
    • 2,945 SF
    OFF-MARKET
    Value Estimations
    $420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0362832
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 5084 List Dr

    Year built
    1983
    Construction
    WOOD FRAME
    Property size
    2,945 SF
    Zone code
    PIP2 CU HS
    Property type
    Office buildings
    APN
    7323403013
    APU
    7323403013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $452,000
      Market price range: $262k - $656k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $485,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.855
    Latitude
    38.9026
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,786
    $13,080
    $81,360
    $94,440
    -
    $46,869
    $291,619
    $338,488

    Comparable in this City

    • Value Estimation
      $255,000
      4,128 SF

      4785 Granby Cir

      OFFICE BUILDING • 4,128 SF
      4785 Granby Cir, Colorado Springs, CO 80919-3131
      View Details
    • Value Estimation
      $5,960,000
      2,800 SF

      7250 Allegheny Dr

      OFFICE BUILDING • 2,800 SF
      7250 Allegheny Dr, Colorado Springs, CO 80919-4220
      View Details
    • Value Estimation
      $13,180,000
      83,160 SF

      7222 Commerce Ctr Dr

      OFFICE BUILDING • 83,160 SF
      7222 Commerce Ctr Dr, Colorado Springs, CO 80919-2630
      View Details
    • Value Estimation
      $750,000
      51,692 SF

      6005 Delmonico Dr

      OFFICE BUILDING • 51,692 SF
      6005 Delmonico Dr, Colorado Springs, CO 80919-2237
      View Details
    • Value Estimation
      $805,000
      38,374 SF

      4775 Centennial Blvd

      OFFICE BUILDING • 38,374 SF
      4775 Centennial Blvd, Colorado Springs, CO 80919-3309
      View Details
    • Value Estimation
      $315,000
      16,390 SF

      5245 Centennial Blvd

      OFFICE BUILDING • 16,390 SF
      5245 Centennial Blvd, Colorado Springs, CO 80919-4432
      View Details

    Similar Nearby for Sale

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      Professional Multi-Tenant Office Building

      Income-producing office building in prime Colorado Springs location.
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    • $3,499,000
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      Prime Colorado Springs Office/Warehouse

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    • $989,900
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      Colorado Springs Office Building

      Prime location, multi-tenant office building.
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    • $2,700,000
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      Colorado Springs Executive Office Building

      13,146 SF Office Building, Mountain Views
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    • $1,100,000

      Kissing Camels Prime Building Lot

      Rare opportunity to build in Kissing Camels with Pikes Peak views.
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    • $1,985,000

      Free Standing Warehouse For Sale

      Warehouse/Storage building with great access in Colorado Springs.
      4925 List Dr, Colorado Springs, CO 80919
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,191 SF

      Class A Office Space

      Highly visible Class A office building in Colorado Springs Tech Center.
      5575 Tech Center Dr, Colorado Springs, CO 80919
      View Details
    • $16 SF/Yr
      2,100 SF

      Class A Office Space Available

      Class A office building with abundant parking and monument signage.
      1910 Vindicator Dr, Colorado Springs, CO 80919
      View Details
    • $13 SF/Yr
      23,497 SF

      Colorado Springs Warehouse/Flex Space

      Prime I-25 location, 7,216 SF available
      6275 Corporate Dr, Colorado Springs, CO 80919
      View Details
    • $22 SF/Yr
      142,216 SF

      Colorado Springs Executive Suites

      Premium Office Space Available Now
      5555 Tech Center Dr, Colorado Springs, CO 80919
      View Details
    • $9 SF/Yr
      6,349 SF

      Regus Delmonico Drive Office Space

      Flexible Offices, Coworking & More
      5825 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • $19 SF/Yr
      324,000 SF

      North Creek Executive Office Suites

      Colorado Springs Office Space Available
      5725 Mark Dabling Blvd, Colorado Springs, CO 80919
      View Details
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    5084 List Dr
    Colorado Springs, CO 80919
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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