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Property profile & analytics
OFF-MARKET
Estimated value
$15,890,000
Office buildings
555 Middle Crk Pkwy Colorado Springs, CO 80921-3622
Entity Owned
14-yr Hold
Free & Clear
Property ID
US13-1401706
Property summary
AI-generated overview
555 Middle Creek Pkwy offers 180,218 square feet of premium office space in Colorado Springs, CO. This five-story building, constructed in 1985 and renovated in 2018, provides flexible suites ranging from 3,493 to 24,132 contiguous square feet, with a total of 67,612 square feet currently vacant. The property boasts a variety of office styles, including executive, creative, and traditional options, catering to diverse business needs. Tenants enjoy convenient access to an on-site café and a state-of-the-art fitness center. Its strategic location in the north Colorado Springs submarket offers proximity to major employment centers, premier retail destinations, and highly-rated schools. The building also provides ample parking with a ratio of 4.00 spaces per 1,000 square feet. Situated near the Santa Fe Trail, it appeals to outdoor enthusiasts while also benefiting from a strong demographic location, attracting talent from both Denver and Colorado Springs. The property is located in El Paso County, Colorado, with a zip code of 80921. This exceptional location offers an enviable commute for employees.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1989
Construction
CONCRETE
Total area
154,641 SF
Lot
15.05 ac (655,578 SF)
Zoning code
OC/CR PIP1/CR HR
APN
6218101010
UPID
US13-1401706
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
-
lexisnexis Corporate Office
-
View Mortgage - Mazzy Decker Loan Service Bank
-
Confidence Financial Partners Financial Advisor
-
Chris Abeyta Financial Advisor
-
Northwestern Mutual - Colorado Spgs Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.89M
Owner & transaction history
Compassion International INC · 14 yrs held
Compassion International INC
since 2012
7 recorded transactions
Zoning & alternative use
OC/CR PIP1/CR HR · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$103 / 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
$192,860
Assessed 2023
Previous assessed
$4,397,630
-95.6% YoY
Assessed improvement
$192,860
Improvement market value
$691,245
Total market value
$691,245
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
1989
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
5
Total area
154,641 SF
Lot
15.05 ac (655,578 SF)
Zoning code
OC/CR PIP1/CR HR
APN
6218101010
UPID
US13-1401706
Jurisdiction
EL PASO
Zoning & alternative use
OC/CR PIP1/CR HR · Colorado Springs, CO
Zoning OC/CR PIP1/CR HR · permitted uses
OC/CR PIP1/CR HR · 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
1989
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
5
Lot
15.05 ac
Current owner
From public records · entity-resolved
Compassion International INC
Entity
Free & Clear · 14 yrs held
Mailing address
12290 VOYAGER PKWY, COLORADO SPRINGS, CO 80921-3668
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2020
—
Aspen View Homes LLC
—
Deed
related
$300,000 · Regions Bk
Nov 2, 2020
—
Aspen View Homes LLC
—
Deed
related
—
Oct 30, 2020
—
Aspen View Homes LLC
—
Deed
related
$3,000,000 · Regions Bk
Aug 11, 2020
—
Aspen View Homes LLC
—
Deed
related
$30,000,000 · Regions Bk
Jun 22, 2012
—
Compassion International INC
Reed Elsevier INC
Grant Deed
related
—
Nov 15, 2011
—
Reed Elsevier INC
Mcgraw-hill Companies INC
Quit Claim Deed
related
—
—
—
Aspen View Homes LLC
—
Loan Modification
related
$30,000,000 · Regions Bk
—
—
Aspen View Homes LLC
—
Loan Modification
related
$300,000 · Regions Bk
—
—
Aspen View Homes LLC
—
Loan Modification
related
$3,000,000 · Regions Bk
—
—
Aspen View Homes LLC
—
Loan Modification
related
—
—
—
Aspen View Homes LLC
—
Loan Modification
related
—
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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