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Property profile & analytics
OFF-MARKET
Estimated value
$7,470,000
Office buildings
556 Chapel Hls Dr Colorado Springs, CO 80920-1030
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US13-2822200
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
69,403 SF
Lot
7.93 ac (345,431 SF)
Zoning code
PIP1/CR
APN
6233103011
UPID
US13-2822200
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
by Request
Comparable Approach
Comparable
$5.27M
Blend (final)
Blend
$7.47M
Owner & transaction history
556 Chapel Hills LLC · 15 yrs held
556 Chapel Hills LLC
since 2011
7 recorded transactions
Zoning & alternative use
PIP1/CR · 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
Blend value · Realmo final
$7.47M
Range $6.72M – $8.22M · ±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
$108 / 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
$195,704
Tax year 2023
Assessed value
$2,929,500
Assessed 2023
Previous assessed
$2,929,500
+0.0% YoY
Effective rate
6.68%
On assessed value
Assessed land
$621,620
Assessed improvement
$2,307,880
Land market value
$2,228,024
Improvement market value
$8,271,976
Total market value
$10,500,000
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
Stories
1
Total area
69,403 SF
Lot
7.93 ac (345,431 SF)
Zoning code
PIP1/CR
APN
6233103011
UPID
US13-2822200
Jurisdiction
EL PASO
Zoning & alternative use
PIP1/CR · Colorado Springs, CO
Zoning PIP1/CR · permitted uses
PIP1/CR · 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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
7.93 ac
Current owner
From public records · entity-resolved
556 Chapel Hills LLC
Entity
Mailing address
14645 NE BEL RED RD STE #200, BELLEVUE, WA 98007-3929
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2011
$11,175,000
556 Chapel Hills LLC
Div Briargate Exchange LLC
Special Warranty Deed
$5,750,000 · Wells Fargo Bank NA
Feb 25, 2011
—
Div Briargate Exchange 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 17, 2004
$259,900
Thomas M Russell
Vantage Homes Corp
Warranty Deed
$207,920 · Era Mortgage
Aug 11, 2004
$500,000
Zobell Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$698,100
Zobell 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
$570,000
Lightfoot 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
$1,750,000
Paulson Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$250,000
Bertram Weiner 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
$1,244,000
Wertz 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
$1,500,000
Dooda 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
$725,100
Windi Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$600,000
Canelo 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
$800,000
Howard Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$700,000
Mack Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
Aug 11, 2004
$170,000
Davis Briargate LLC
Briargate Prime Center LLC
Grant Deed
related
—
May 7, 2004
$500,000
Oviatt 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
—
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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