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Property profile & analytics
OFF-MARKET
Estimated value
$7,855,000
Office buildings
737 Spc Ctr Dr 745 Colorado Springs, CO 80915-3603
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-1043892
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
CONCRETE
Total area
50,970 SF
Lot
5.07 ac (220,849 SF)
Zoning code
PUD AO
APN
6412402003
UPID
US13-1043892
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.24M
Comparable Approach
Comparable
$10.61M
Blend (final)
Blend
$7.86M
Owner & transaction history
Bear Creek Shops LLC · 7 yrs held
Bear Creek Shops LLC
since 2019
6 recorded transactions
Zoning & alternative use
PUD AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.5M
+15.3%
Medical building
$12.3M
+12.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,920,000
6.5%
$8,235,000
7%
$7,645,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$10,885,000
Current use
AUTO REPAIR, GARAGE
$12,545,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$12,260,000
Change: +13% · Conversion: Easy
RETAIL STORES
$10,710,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$7.86M
Range $7.07M – $8.64M · ±10%
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
$154 / 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
$106,938
Tax year 2023
Assessed value
$1,960,200
Assessed 2023
Previous assessed
$1,960,200
+0.0% YoY
Effective rate
5.46%
On assessed value
Assessed land
$354,300
Assessed improvement
$1,605,900
Land market value
$1,269,882
Improvement market value
$5,755,898
Total market value
$7,025,780
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
50,970 SF
Lot
5.07 ac (220,849 SF)
Zoning code
PUD AO
APN
6412402003
UPID
US13-1043892
Jurisdiction
EL PASO
Zoning & alternative use
PUD AO · Colorado Springs, CO
Zoning PUD AO · permitted uses
PUD 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
OFFICE BUILDING Current
Est. value
$10.9M
AUTO REPAIR, GARAGE
Est. value
$12.5M
MEDICAL BUILDING
Est. value
$12.3M
RETAIL STORES
Est. value
$10.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2005
Construction
CONCRETE
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
5.07 ac
Current owner
From public records · entity-resolved
Bear Creek Shops LLC
Entity
Mailing address
13570 NORTHGATE ESTS DR #20, COLORADO SPRINGS, CO 80921-7655
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2019
$9,150,000
Bear Creek Shops LLC
Gpif Co Springs 4 LLC
Special Warranty Deed
$2,717,638 · Integrity Bank & Trust
Nov 15, 2018
$7,960,000
Gpif Co Springs 4 LLC
Cv Patriot Springs LLC
Grant Deed
related
$205,000,000 · Bank Of America
Dec 31, 2013
$116,880,000
Cv Patriot Springs LLC
Copt Academy Ridge LLC
Grant Deed
—
Jul 18, 2008
—
Copt Patriot Park Vi LLC
—
Deed Of Trust
related
$221,400,000 · Royal Bank Scotland Plc
Jun 12, 2008
—
Copt Patriot Park V LLC
Patriot Park LLC
Quit Claim Deed
—
—
—
Cv Patriot Springs LLC
—
Deed Of Trust
related
$91,500,000 · Wells Fargo Bk
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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