715 Cascade Ave Colorado Springs, CO 80903-3289
Property profile & analytics
715 Cascade Ave Colorado Springs, CO 80903-3289
- Medical Office Space
- 3,411 SF
- 0.22 lot acres
Property ID
US13-0353784
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.
Location Intelligence
Current Use by Public Records
- Christoff Anthony DO / Pediatrician / Physician
- Colleen Rose / Physician
- Susan Mcmaster / Pediatrician / Physician
Property Details for 715 Cascade Ave
- Year built
- 1959
- Construction
- WOOD FRAME
- Lot size
- 0.22 lot acres
- Property size
- 3,411 SF
- Zone code
- SU
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 6407305013
- APU
- 6407305013
Description
This exceptional medical office building, located at 715 N Cascade Ave in Colorado Springs, Colorado, presents a unique investment opportunity. The property boasts 3,909 square feet of well-designed space, perfect for a variety of medical practices. Built in 1959, this single-story, Class C building sits on a 0.22-acre lot and is zoned SU. The thoughtfully planned layout includes multiple examination rooms, private offices, and a spacious reception area, ensuring efficient workflow and patient comfort. The building's prime location along N Cascade Avenue offers excellent street frontage and high visibility, attracting significant foot traffic. Ample parking is available both in front of the building along Cascade Avenue (unmetered) and in a designated rear parking area. The asking price is $695,000, translating to $177.79 per square foot. This property represents a strong investment in a thriving Colorado Springs market. The address is easily accessible and benefits from its proximity to downtown Colorado Springs. The building's single-story design and existing infrastructure offer immediate occupancy potential, minimizing upfront renovation costs. This is an excellent opportunity to acquire a well-positioned medical office building in a desirable location. The 80903 zip code ensures convenient access to local amenities and a strong patient base.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $640,000
- 6.5%
- $590,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $691,000
Market price range: $194k - $691k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $820,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $910,000 Change: +11% Conversion: Difficult
- OFFICE BUILDING
- $850,000 Change: +4% Conversion: Easy
- AUTO REPAIR, GARAGE
- $840,000 Change: +2% Conversion: Difficult
- RETAIL STORES
- $715,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colorado Springs
- County
- El Paso
- State
- Colorado
- Longitude
- -104.824
- Latitude
- 38.8444
- 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
$14,487
$32,600
$218,070
$250,670
-
$116,850
$781,606
$898,456
