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Property profile & analytics
OFF-MARKET
Estimated value
$2,020,000
Medical Office Space
77 3rd St Monument, CO 80132-8179
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1006919
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
WOOD FRAME
Total area
11,583 SF
Lot
1.09 ac (47,480 SF)
Zoning code
DB
APN
7115113019
UPID
US13-1006919
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
$2.09M
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$2.02M
Owner & transaction history
77 Monument Property Management LLC · 3 yrs held
77 Monument Property Management LLC
since 2022
4 recorded transactions
Zoning & alternative use
DB · Monument, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Downtown Business (DB) zone district. 7. Commercial Center (CC) zone district. 8. Business Campus (BC) zone district. 9. Light Industrial (LI) zone district. 10. Public (P) zone district. B. In addition to the standard zoning districts listed in subsection (A) above, the following overlay zoning district is established: 1. Regency Park Overlay Zone District.…
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
25.66 ac
Top alternative use upside
Neighborhood: shopping center
$3.2M
+13.8%
Auto repair, garage
$3.1M
+11.4%
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 Monument submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monument 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%
$2,260,000
6.5%
$2,085,000
7%
$1,935,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,205,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,135,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$2,725,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$2.02M
Range $1.82M – $2.22M · ±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
$174 / 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
$58,415
Tax year 2023
Assessed value
$829,350
Assessed 2023
Previous assessed
$829,350
+0.0% YoY
Effective rate
7.04%
On assessed value
Assessed land
$54,310
Assessed improvement
$775,040
Land market value
$194,668
Improvement market value
$2,777,937
Total market value
$2,972,605
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
2019
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
11,583 SF
Lot
1.09 ac (47,480 SF)
Zoning code
DB
APN
7115113019
UPID
US13-1006919
Jurisdiction
EL PASO
Zoning & alternative use
DB · Monument, COZoning DB · permitted uses
DB · Monument, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Downtown Business (DB) zone district. 7. Commercial Center (CC) zone district. 8. Business Campus (BC) zone district. 9. Light Industrial (LI) zone district. 10. Public (P) zone district. B. In addition to the standard zoning districts listed in subsection (A) above, the following overlay zoning district is established: 1. Regency Park Overlay Zone District. The Regency Park overlay zone district consists of the following zone districts: a.
Zone name
Downtown Business
General category
COMMERCIAL
Zone area
25.66 ac
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$3.1M
RETAIL STORES
Est. value
$2.7M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2019
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
77 Monument Property Management LLC
Entity
Mailing address
1615 SILVERSMITH RD, COLORADO SPRINGS, CO 80921-7225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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 11, 2022
—
77 Monument Property Management LLC
—
Deed
related
$225,000 · Ent Cu
Jun 26, 2020
—
77 Monument Prop Mgmt LLC
—
Deed
related
$1,273,747 · Bank Of The San Juans
—
—
77 Monument Prop Mgmt LLC
—
Deed Of Trust
related
$1,051,000 · Colorado Lndg Source
—
—
77 Monument Prop Mgmt LLC
—
Deed Of Trust
related
$1,273,747 · Bank Of The San Juans
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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