Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    611 Nevada Ave Colorado Springs, CO 80903-4005
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    611 Nevada Ave Colorado Springs, CO 80903-4005

    View on Map
    • Medical Office Space
    • 1,434 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US13-0045402
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Somatic Pathways Recovery / Crisis Center / Medical Clinic
    • tim lowney dc / Alternative Medicine Practice
    • Greg Sabin Chiropractor / Alternative Medicine Practice
    • The Healing Place / Alternative Medicine Practice / Acupuncture
    • Sherrie A. Stevens, MSW, LCSW / Psychotherapist

    Property Details for 611 Nevada Ave

    Year built
    1922
    Construction
    WOOD FRAME
    Lot size
    0.17 lot acres
    Property size
    1,434 SF
    Zone code
    FBZ-COR
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    6418417022
    APU
    6418417022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.822
    Latitude
    38.8249
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,732
    $31,890
    $22,160
    $54,050
    -
    $114,315
    $79,434
    $193,749

    Comparable in this City

    • Value Estimation
      $2,595,000
      2,397 SF

      719 Cascade Ave

      MEDICAL BUILDING • 2,397 SF
      719 Cascade Ave, Colorado Springs, CO 80903-3290
      View Details
    • Value Estimation by Request
      1,105 SF

      930 Cedar St

      MEDICAL BUILDING • 1,105 SF
      930 Cedar St, Colorado Springs, CO 80903-2720
      View Details
    • Value Estimation by Request
      1,038 SF

      955 Colorado Ave

      MEDICAL BUILDING • 1,038 SF
      955 Colorado Ave, Colorado Springs, CO 80903-3776
      View Details
    • Value Estimation
      $1,090,000
      5,868 SF

      111 Las Vegas St

      MEDICAL BUILDING • 5,868 SF
      111 Las Vegas St, Colorado Springs, CO 80903-4215
      View Details
    • Value Estimation by Request
      1,642 SF

      219 Colorado Ave Ste, Unit 206

      MEDICAL BUILDING • 1,642 SF
      219 Colorado Ave Ste, Colorado Springs, CO 80903-3338
      View Details
    • Value Estimation
      $770,000
      4,547 SF

      730 Nevada Ave

      MEDICAL BUILDING • 4,547 SF
      730 Nevada Ave, Colorado Springs, CO 80903-1008
      View Details

    Similar Nearby for Sale

    • $1,575,000
      7,000 SF

      Medical/Office Building in Downtown Colorado

      Well-maintained medical/office building with operating room and parking.
      715 N Weber St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      1,642 SF

      Colorado Avenue Medical Office Condo

      Medical office condo in vibrant Arts District for sale.
      219 W Colorado Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      571 SF

      Freestanding Building Near Downtown

      571 SF building with basement storage and fenced yard.
      1031 S Tejon St, Colorado Springs, CO 80903
      View Details
    • $599,000
      3,409 SF

      Colorado Springs Commercial Opportunity

      3,409 SF space on 17,110 SF lot in Colorado Springs.
      707 E Moreno Ave, Colorado Springs, CO 80903
      View Details
    • $749,500
      3,248 SF

      Retail, Office, Mixed-Use Building

      Retail, office, or mixed-use building with off-street parking.
      710-712 South Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      5,224 SF

      Downtown Colorado Springs Retail/Office Building

      Retail/office building in downtown Colorado Springs with development potential.
      10 E Pikes Peak Ave, Colorado Springs, CO 80903
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical/Office Building in Downtown Colorado

      Medical/office building in north downtown Colorado Springs with operating room.
      715 N Weber St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible terms and customizable options.
      102 S Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Furnished office space for rent with short term leases.
      444 E Pikes Peak Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      300 SF

      Office Space Near Downtown

      Office suites available near downtown with common amenities.
      615 N Nevada Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      3,862 SF

      Downtown Colorado Springs Office Suite

      Street-level office suite in downtown Colorado Springs with high visibility.
      105 E Pikes Peak Ave, Colorado Springs, CO 80903
      View Details
    • $17 SF/Yr

      Office Space Near Downtown

      Office space for rent near downtown and central business district.
      618-620 N Tejon St, Colorado Springs, CO 80903
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    611 Nevada Ave
    Colorado Springs, CO 80903-4005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!