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Property profile & analytics
OFF-MARKET
Estimated value
$8,385,000
Specialty properties
5520 Nevada Ave Colorado Springs, CO 80918-3500
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-2224884
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2005
Construction
WOOD FRAME
Total area
18,911 SF
Lot
1.89 ac (82,328 SF)
Zoning code
PUD/CR CU
APN
6319101065
UPID
US13-2224884
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
-
Veterinary Specialty Center Veterinary Clinic
-
Macon Miles, DVM, DACVIM Veterinary Clinic
-
Brad Hines, DVM, DACVIM Veterinary Clinic
-
Chris McReynolds, DVM, DACVIM Veterinary Clinic
-
Animal Allergy & Dermatology of Colorado Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.39M
Owner & transaction history
5520 North Nevada 1 LLC · 4 yrs held
5520 North Nevada 1 LLC
since 2021
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
PUD/CR 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
$8,120,000
ML approach
$8,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.39M
Range $7.55M – $9.22M · ±10% · vs last sale $8.55M (Dec 18 2021)
Last sale anchor
$8.55M
Dec 18 2021
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
$443 / 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
$35,518
Tax year 2023
Assessed value
$656,630
Assessed 2023
Previous assessed
$656,630
+0.0% YoY
Effective rate
5.41%
On assessed value
Assessed land
$250,370
Assessed improvement
$406,260
Land market value
$897,375
Improvement market value
$1,456,124
Total market value
$2,353,499
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2005
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
18,911 SF
Lot
1.89 ac (82,328 SF)
Zoning code
PUD/CR CU
APN
6319101065
UPID
US13-2224884
Jurisdiction
EL PASO
Zoning & alternative use
PUD/CR CU · Colorado Springs, CO
Zoning PUD/CR CU · permitted uses
PUD/CR 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.
Building & site characteristics
From public records
Year built
2005
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
5520 North Nevada 1 LLC
Entity
Mailing address
9738 E FAIR LN, ENGLEWOOD, CO 80111-5626
Ownership since
2021
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
Dec 18, 2021
$8,550,000
5520 North Nevada 1 LLC
Cmj Investments LLC
Special Warranty Deed
$6,350,000 · Bank Of Colorado
Apr 4, 2018
—
Cmj Investments LLC
—
Trustees Deed
related
$372,938 · Jp Morgan Chase Bk
Nov 14, 2016
—
Christopher Mcreynolds
Cmj Investment LLC
Special Warranty Deed
$4,320,353 · Jpmorgan Chase Bank NA
May 11, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Feb 18, 2005
—
Southern Colorado Veterinary S
Veterinary Specialists Of Sthrn C
Quit Claim Deed
related
—
—
—
Cmj Investments LLC
—
Deed Of Trust
related
$1,890,000 · Chase Bk/md
—
—
Cmj Investments LLC
—
Deed Of Trust
related
$1,300,000 · Miscellaneous Govt Agcy
—
—
Cmj Investments LLC
—
Deed Of Trust
related
$1,266,000 · Chase Bk/md
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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