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Property profile & analytics
OFF-MARKET
Estimated value
$5,955,000
Office buildings
526 Chapel Hls Dr Colorado Springs, CO 80920-1006
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US13-0062804
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,425 SF
Lot
11.28 ac (491,357 SF)
Zoning code
PIP1 CU
APN
6233108052
UPID
US13-0062804
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
by Request
CAP Approach
CAP
$7.40M
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$5.96M
Owner & transaction history
2013 Primecenter Lllp · 12 yrs held
2013 Primecenter Lllp
since 2013
7 recorded transactions
Zoning & alternative use
PIP1 CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,015,000
6.5%
$7,395,000
7%
$6,870,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,545,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$5.96M
Range $5.36M – $6.55M · ±10%
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
$131 / 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
Assessed value
$2,636,840
Assessed 2023
Previous assessed
$2,636,840
+0.0% YoY
Assessed land
$966,470
Assessed improvement
$1,670,370
Land market value
$3,464,060
Improvement market value
$5,986,999
Total market value
$9,451,059
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
45,425 SF
Lot
11.28 ac (491,357 SF)
Zoning code
PIP1 CU
APN
6233108052
UPID
US13-0062804
Jurisdiction
EL PASO
Zoning & alternative use
PIP1 CU · Colorado Springs, CO
Zoning PIP1 CU · permitted uses
PIP1 CU · 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
RETAIL STORES
Est. value
$9.5M
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
11.28 ac
Current owner
From public records · entity-resolved
2013 Primecenter Lllp
Entity
Mailing address
3114 E 81ST ST, TULSA, OK 74137-1338
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
26 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2013
$18,373,500
2013 Primecenter Lllp
Div Briargate Prop North LLC
Grant Deed
$10,340,000 · Kirkpatrick Bank
Jun 21, 2011
—
Div Briargate Prop North LLC
Div Briargate Property LLC
Quit Claim Deed
related
—
May 28, 2010
—
Div Briargate Property LLC
Mack Briargate LLC
Trustees Deed
$28,000,000 · Td Bank NA
Aug 11, 2004
$500,000
Thomatos Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$1,000,000
Kawananakoa Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$1,450,000
Miller Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$800,000
Howard Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$170,000
Davis Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$250,000
Weiner Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$1,584,400
Lederman Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$1,244,000
Wertz Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$1,500,000
Dooda Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$700,000
Allinson Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$600,000
Maichen Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$1,750,000
Paulson Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$2,619,900
Shearer Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$570,000
Lightfoot Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$1,106,900
Edwards Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$725,100
Windi Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$650,000
Barry Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$575,000
Davis Family Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$698,100
Zobell Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
May 7, 2004
$800,600
C & M Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
May 7, 2004
$500,000
Oviatt Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Feb 17, 2004
$11,333,500
Briargate Prime Center LLC
Orix Prime West Colorado Sprin
Grant Deed
—
Jun 13, 2000
$1,896,500
Orix Prime West Colorodo Spri
Lp47 LLC
Grant Deed
—
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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