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Property profile & analytics
FOR LEASE
Office buildings
5540 N Academy Blvd Colorado Springs, CO 80918
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US13-1075168
For Lease
1 / 9
$10 SF/Yr
5540 N Academy Blvd, Colorado Springs, CO 80918
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1998
Construction
WOOD FRAME
Total area
18,367 SF
Lot
0.88 ac (38,487 SF)
Zoning code
PBC
APN
6321114012
UPID
US13-1075168
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
-
Array Clinical + Therapeutic Services Medical Clinic
-
Amy Bishop Marriage Or Relationship Counselor
-
Academy Wealth Management Financial Advisor
-
Jp Turner & Co Financial Advisor
-
Vincent Bruno Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.55M
Blend (final)
Blend
$2.22M
Owner & transaction history
Baird Colorado Springs LLC · 8 yrs held
Baird Colorado Springs LLC
since 2018
7 recorded transactions
Zoning & alternative use
PBC · 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,470,000
Current use
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±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
$121 / 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
$23,724
Tax year 2023
Assessed value
$441,360
Assessed 2023
Previous assessed
$441,360
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$96,100
Assessed improvement
$345,260
Land market value
$344,459
Improvement market value
$1,237,501
Total market value
$1,581,960
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
For Lease
Year built
1998
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
18,367 SF
Lot
0.88 ac (38,487 SF)
Zoning code
PBC
APN
6321114012
UPID
US13-1075168
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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
OFFICE BUILDING Current
Est. value
$3.5M
OFFICE BUILDING Current
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
1998
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Baird Colorado Springs LLC
Entity
Mailing address
100 KRISTIN MARIE CT, NOVATO, CA 94945-3475
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2018
$9,365,000
Baird Colorado Springs LLC
Dcp Academy LLC
Trustees Deed
$5,750,000 · Wells Fargo Bk
Feb 3, 2017
$5,000,000
Dcp Academy LLC
Nexgen Montebello Plaza 550 LLC
Special Warranty Deed
$4,473,527 · Academy Bank NA
Dec 5, 2016
—
Nexgen Montebello Plaza 5540 L
—
Deed
related
$480,000 · First American St Bk
Jul 12, 2013
$595,000
Nexgen Montebello Plaza 5540 LLC
C Randel Lewis
Deed
$295,000 · First American State Bank
Nov 30, 2011
—
Jannie Richardson
Ho LLC
Quit Claim Deed
related
—
Sep 30, 2009
—
Ho LLC
Richardson,jannie H
Quit Claim Deed
related
—
Sep 4, 2009
—
Ho LLC
Srko Family
Quit Claim Deed
related
—
—
—
Nexgen Montebello Plaza 5540 L
—
Loan Modification
related
$480,000 · First American St Bk
—
—
Nexgen Montebello Plaza 5540 L
—
Loan Modification
related
$480,000 · First American St Bk
—
—
Jannie H Richardson
—
Deed Of Trust
related
$1,400,000 · First National Bank
—
—
Nexgen Montebello Plaza 5540 L
—
Loan Modification
related
$480,000 · First American St Bk
—
—
Nexgen Montebello Plaza 5540 L
—
Loan Modification
related
$480,000 · First American St Bk
—
—
Jannie H Richardson
—
Deed Of Trust
related
$3,000,000 · Liberty Bank For Savings
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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