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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Medical Office Space
524 Weber St Colorado Springs, CO 80903-1468
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0904811
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1916
Construction
WOOD FRAME
Total area
1,191 SF
Lot
0.22 ac (9,500 SF)
Zoning code
OR
APN
6407419009
UPID
US13-0904811
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
-
Jang Skincare Medical Clinic Skin Care Clinic
-
Colorado Springs Chiropractic Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
Sncc LLC · 2 yrs held
Sncc LLC
since 2024
Last sale
$592,500
3 recorded transactions
Zoning & alternative use
OR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. OR - Office residential: This transitional zone district accommodates a variety of residential unit types and offices. The zone is directed to smaller office sites which need a careful evaluation of use to use compatibility such that the stability and value of the surrounding neighborhood is best protected. A development plan which conforms to this Zoning…
Zone name
Office Residential
General category
COMMERCIAL
Zone area
183.63 ac
Top alternative use upside
Commercial (general)
$460,000
+59.9%
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
$595,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$460,000
Change: +60% · Conversion: Easy
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $593k (Jan 2 2024)
Last sale anchor
$593k
Jan 2 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
$500 / 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
$2,715
Tax year 2023
Assessed value
$53,790
Assessed 2023
Previous assessed
$53,790
+0.0% YoY
Effective rate
5.05%
On assessed value
Assessed land
$29,550
Assessed improvement
$24,240
Land market value
$105,925
Improvement market value
$86,866
Total market value
$192,791
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
1916
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
1
Total area
1,191 SF
Lot
0.22 ac (9,500 SF)
Zoning code
OR
APN
6407419009
UPID
US13-0904811
Jurisdiction
EL PASO
Zoning & alternative use
OR · Colorado Springs, COZoning OR · permitted uses
OR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. OR - Office residential: This transitional zone district accommodates a variety of residential unit types and offices. The zone is directed to smaller office sites which need a careful evaluation of use to use compatibility such that the stability and value of the surrounding neighborhood is best protected. A development plan which conforms to this Zoning Code is required at the time of the establishment of an OR zone district. Emphasis in the development plan review will be placed on the compatibility of the development to the immediate surrounding property. Critical aspects of the plan include, but are not limited to, siting of the building, screening, landscaping and internal traffic movement.
Zone name
Office Residential
General category
COMMERCIAL
Zone area
183.63 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$460,000
COMMERCIAL (GENERAL)
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
1916
Construction
WOOD FRAME
Heating
FORCED AIR
Stories
1
Rooms
6
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Sncc LLC
Entity
Mailing address
1019 PANORAMA DR, COLORADO SPRINGS, CO 80904-1712
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
$592,500
Sncc LLC
Rmb Investments LLC
Warranty Deed
$350,000 · The Stockmens Bank
Jul 3, 2007
—
Rmb Investments LLC
Weum,randy A & Jeri M
Quit Claim Deed
related
—
—
—
Randy A Weum
—
Deed Of Trust
related
$90,000 · Us Bank NA
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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