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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6980 Mesa Rdg Pkwy Fountain, CO 80817-1563

    • Medical offices
    • 15,574 SF
    • 3.12 lot acres
    OFF-MARKET
    Last Sale
    Mar 28, 2023
    Value Estimations
    $2,705,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0360058
    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.

    Current Use by Public Records

    • Mesa Ridge Dental Center / Dental Office
    • Jeffrey A. Ranta, DMD / Dental Office
    • Ryan D. Reposa, DMD / Dental Office
    • Candace K. Pfister Reposa, DMD / Dental Office
    • Select Physical Therapy - Fountain / Medical Clinic

    Property Details for 6980 Mesa Rdg Pkwy

    Year built
    2000
    Construction
    WOOD FRAME
    Lot size
    3.12 lot acres
    Property size
    15,574 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    5529204045
    APU
    5529204045

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,035,000
      6.5%
      $2,805,000
      7%
      $2,605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,427,000
      Market price range: $777k - $2.82M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $3,785,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,305,000
      Change: +14% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,220,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $3,665,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $3,370,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fountain
    County
    El Paso
    State
    Colorado
    Longitude
    -104.697
    Latitude
    38.7191
    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
    $100,746
    $329,890
    $811,890
    $1,141,780
    -
    $1,182,391
    $2,909,989
    $4,092,380

    Comparable in this City

    • Value Estimation
      $570,000
      3,652 SF

      7975 Fountain Mesa Rd

      MEDICAL BUILDING • 3,652 SF
      7975 Fountain Mesa Rd, Fountain, CO 80817-1535
      View Details
    • Value Estimation
      $820,000
      4,172 SF

      6940 Mesa Rdg Pkwy

      MEDICAL BUILDING • 4,172 SF
      6940 Mesa Rdg Pkwy, Fountain, CO 80817-1533
      View Details
    • Value Estimation by Request
      1,605 SF

      200 Plz Blvd

      MEDICAL BUILDING • 1,605 SF
      200 Plz Blvd, Fountain, CO 80817-2504
      View Details
    • Value Estimation
      $8,360,000
      6,604 SF

      7890 Fountain Mesa Rd

      MEDICAL BUILDING • 6,604 SF
      7890 Fountain Mesa Rd, Fountain, CO 80817-1595
      View Details
    • Value Estimation
      $2,565,000
      14,073 SF

      350 Lyckman Pl

      MEDICAL BUILDING • 14,073 SF
      350 Lyckman Pl, Fountain, CO 80817-2861
      View Details
    • Value Estimation by Request
      3,208 SF

      320 Santa Fe Ave

      MEDICAL BUILDING • 3,208 SF
      320 Santa Fe Ave, Fountain, CO 80817-1963
      View Details

    Similar Nearby for Sale

    • $795,000
      3,208 SF

      Fountain Medical Office Building

      Prime Fountain location, 3,208 SF, $795,000
      320 Santa Fe Ave, Fountain, CO 80817
      View Details
    • $2,200,000
      10,000 SF

      Fountain Warehouse - $2.2M

      10,000 SF Warehouse, Excellent Location
      6140 Champlin Dr, Fountain, CO 80817
      View Details
    • $700,000
      3,240 SF

      Fountain Convenience Store - Hwy 85/87

      High-traffic location, strong ROI potential.
      7055 Alegre Cir, Fountain, CO 80817
      View Details
    • Contact for pricing
      40.75 Acres

      Fountain, CO Mixed-Use Land

      40.75 Acres, Hwy 85-87 Frontage
      85-87 Nwc, Fountain, CO 80817
      View Details
    • $450,000

      Fountain Commercial Land - $450K

      3.54-acre commercial lot, prime Fountain location.
      6645 Camden Blvd, Fountain, CO 80817
      View Details
    • $57,000

      Land For Sale

      Land with connected public utilities, great investment opportunity.
      8 Taos Cir, Fountain, CO 80817
      View Details

    Similar Nearby for Lease

    • $34 SF/Yr
      9,600 SF

      Fountain Retail/Office Opportunity

      9,600 SF Multi-Tenant Retail/Medical Space
      6970 Mesa Ridge Pkwy, Fountain, CO 80817
      View Details
    • $27 SF/Yr
      3,550 SF

      Retail Space in Active Center

      Medical suite in high-traffic shopping center near schools.
      6904-6930 Mesa Ridge Pkwy, Fountain, CO 80817
      View Details
    • $7 SF/Yr
      362,291 SF

      Fountain Business Park: Premier Industrial Space

      Class A industrial space, Fountain, CO
      702 Bandley Dr, Fountain, CO 80817
      View Details
    • Contact for pricing
      9,000 SF

      Fountain Retail Center Opportunity

      High-traffic retail pads & shops in Fountain, CO
      0 Sec Mesa Rdg Pkwy & Syracuse St, Fountain, CO 80817
      View Details
    • $26 SF/Yr
      980 SF

      Retail Space on Camden Boulevard

      Retail space with excellent visibility and access on Camden Blvd.
      6720-6724 Camden Blvd, Fountain, CO 80817
      View Details
    • Contact for pricing
      4,000 SF

      Fountain Industrial Flex Space

      4,000 SF Flex Space - Ideal Location
      6450 Southmoor Dr, Fountain, CO 80817
      View Details
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    Fountain, CO 80817-1563
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    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
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