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Property profile & analytics
OFF-MARKET
Estimated value
$9,280,000
Medical Office Space
6340 Barnes Rd, Colorado Springs, CO 80922-2602
Entity Owned
4-yr Hold
Free & Clear
Property ID
US13-1088563
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,749 SF
Lot
3.3 ac (143,748 SF)
Zoning code
OC AO
APN
5319424002
UPID
US13-1088563
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
-
Sherri Turner-Lloyd, PA Physician
-
East Clinic Medical Clinic
-
Matthew Moore, DO Pediatrician Physician
-
Amy Owen, DO Pediatrician Physician
-
Donna Friedline, NP Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.54M
Blend (final)
Blend
$9.28M
Owner & transaction history
Colorado Springs 6340 Apl Rkc LLC · 4 yrs held
Colorado Springs 6340 Apl Rkc LLC
since 2021
Last sale
$10.1M
4 recorded transactions
Zoning & alternative use
OC AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.0M
+81.9%
Apartment house (5+ units)
$9.3M
+69.7%
Commercial (general)
$8.8M
+59.9%
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
$9,590,000
ML approach
$9,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$9,955,000
Change: +82% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,285,000
Change: +70% · Conversion: Moderate
COMMERCIAL (GENERAL)
$8,750,000
Change: +60% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,065,000
Change: +11% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,600,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$9.28M
Range $8.35M – $10.21M · ±10% · vs last sale $10.10M (Oct 1 2021)
Last sale anchor
$10.10M
Oct 1 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
$408 / 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
$140,495
Tax year 2023
Assessed value
$2,198,300
Assessed 2023
Previous assessed
$2,198,300
+0.0% YoY
Effective rate
6.39%
On assessed value
Assessed land
$366,970
Assessed improvement
$1,831,330
Land market value
$1,315,294
Improvement market value
$6,563,913
Total market value
$7,879,207
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
22,749 SF
Lot
3.3 ac (143,748 SF)
Zoning code
OC AO
APN
5319424002
UPID
US13-1088563
Jurisdiction
EL PASO
Zoning & alternative use
OC AO · Colorado Springs, CO
Zoning OC AO · permitted uses
OC AO · 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
RESTAURANT
Est. value
$10.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.3M
COMMERCIAL (GENERAL)
Est. value
$8.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.6M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Colorado Springs 6340 Apl Rkc LLC
Entity
Free & Clear · 4 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$10,100,000
Colorado Springs 6340 Apl Rkc LLC
The Medical Center II Lllp
Special Warranty Deed
—
Sep 1, 2020
—
The Medical Center II Lllp
—
Deed
related
$2,500,000 · Ent Cu
Sep 23, 2004
—
Medical Center II Lllp
—
Trustees Deed
related
$3,200,000 · American National Bank & Trust
—
—
Medical Center II Lllp
—
Deed Of Trust
related
$3,375,000 · Lafayette Life Insurance Co
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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