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    Property profile & analytics

    715 Weber St Colorado Springs, CO 80903

    • Medical offices
    • 7,000 SF
    • 0.22 lot acres
    For Sale
    View listing
    $1,575,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-0827196
    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

    • Digestive Disease Clinic / Medical Clinic
    • Gerald Kidd, PA-C / Gastroenterologist
    • Benjamin Hicks, MMS, PA-C / Gastroenterologist
    • Jayme Tishon, MD / Family Practice Physician
    • Justin Kidd, PA / Gastroenterologist

    Property Details for 715 Weber St

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.22 lot acres
    Property size
    7,000 SF
    Zone code
    OR
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    6407409014
    APU
    6407409014

    Description

    This exceptional 7,000-square-foot medical office building, located at 715 N Weber Street in Colorado Springs, Colorado, presents a unique investment opportunity. Situated on a 0.22-acre lot in the desirable northside of downtown, this single-tenant Class B property boasts a prime location with easy access to I-25 and the heart of the city. Built in 1980, the one-story building features a spacious lobby, reception area, break room, four exam rooms, and a Joint Commission on Accreditation of Healthcare Organizations (JCAHO) approved operating room. Ample storage is also available. The property includes a convenient parking lot accessible from a back alley. Currently occupied, the building will be vacant at the end of May, offering immediate occupancy for a new tenant. The zoning is OR R-5, within El Paso County's CO - Colorado Springs - CBD submarket. The building's well-maintained condition and desirable location make it an attractive prospect for medical professionals seeking a modern and functional workspace. Owner financing is available, making this an even more compelling investment opportunity. The property is situated in the 80903 zip code. This is a single-tenant property with a total building square footage of 7,000 square feet, all of which is currently vacant.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.819
    Latitude
    38.8443
    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
    $14,828
    $29,550
    $249,450
    $279,000
    -
    $105,925
    $894,075
    $1,000,000

    Comparable in this City

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      $220,000
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      955 Colorado Ave

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      111 Las Vegas St

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      View Details
    • Value Estimation
      $295,000
      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
      $315,000
      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
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      Colorado Springs Medical Office Building

      7,000 SF Medical Office - $1.575M
      715 Weber St, Colorado Springs, CO 80903
      View Details
    • $695,000
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      Colorado Springs Medical Office Building

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    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      715 N Weber St: Medical Office Space

      Colorado Springs Medical Office Building - 7,000 SF
      715 Weber St, Colorado Springs, CO 80903
      View Details
    • $22 SF/Yr
      14,190 SF

      Downtown Colorado Springs Office Space

      Class A Office Suites, Coworking Available
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      View Details
    • $15 SF/Yr
      2,500 SF

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      Furnished Office, Short-Term Lease Available
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    • $20 SF/Yr
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      Office Space Near Downtown

      Office suites available near downtown with common amenities.
      615 N Nevada Ave, Colorado Springs, CO 80903
      View Details
    • $17 SF/Yr
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      Downtown Colorado Springs Office Suite

      Street-level office suite in downtown Colorado Springs with high visibility.
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    • $25 SF/Yr
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      View Details
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    Colorado Springs, CO 80903
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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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