Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    917 Colorado Ave Colorado Springs, CO 80905-1517
    Back to Search
    Property profile & analytics

    917 Colorado Ave, Colorado Springs, CO 80905-1517

    View on Map
    • Medical Office Space
    • 2,573 SF
    • 0.17 lot acres
    Off-Market
    Property ID
    US13-0047193
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Athletic Therapeutic Massage / Alternative Medicine Practice / Spa & Massage Center
    • The Awakening Anahata / Life Coach / Massage Therapist
    • Raymond Welling Cert Rolfer / Alternative Medicine Practice / Spa & Massage Center
    • Transcendent Grief Integration / Life Coach
    • Shear “Expressions “ Skin Care and more / Hair Salon

    Property Details for 917 Colorado Ave

    Year built
    1900
    Construction
    WOOD FRAME
    Lot size
    0.17 lot acres
    Zone code
    C5 CU
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    7413225005
    APU
    7413225005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 11, 2017 — Letendre Ents LLC Letendre,mari D Quit Claim Deed · related —
    Jul 28, 2017 — Mari D Letendre Letendre,gary V & Mari D Quit Claim Deed · related —
    Mar 18, 2004 $213,000 Gary V Letendre Leinweber LLC Grant Deed —
    May 11, 1999 $165,000 Leinweber LLC Brekke,kent A Grant Deed $250k · Money Store INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.841
    Latitude
    38.8343
    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
    $2,497
    $10,790
    $46,840
    $57,630
    -
    $65,626
    $284,701
    $350,327

    Comparable in this City

    • Value Estimation
      $2,725,000
      17,292 SF

      875 Moreno Ave

      MEDICAL BUILDING
      875 Moreno Ave, Colorado Springs, CO 80905-1731
      View Details
    • Value Estimation
      $1,255,000
      10,804 SF

      402 Bijou St

      MEDICAL BUILDING
      402 Bijou St, Colorado Springs, CO 80905-1309
      View Details
    • Value Estimation by Request
      2,844 SF

      1050 8th St

      MEDICAL BUILDING
      1050 8th St, Colorado Springs, CO 80905-7307
      View Details
    • Value Estimation by Request
      2,502 SF

      1541 8th St

      MEDICAL BUILDING
      1541 8th St, Colorado Springs, CO 80905-1923
      View Details
    • Value Estimation
      $570,000
      2,939 SF

      806 Colorado Ave

      MEDICAL BUILDING
      806 Colorado Ave, Colorado Springs, CO 80905-1516
      View Details
    • Value Estimation
      $980,000
      5,436 SF

      1775 8th St

      MEDICAL BUILDING
      1775 8th St, Colorado Springs, CO 80905-1926
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Colorado Springs Office/Medical Property

      4,563 SF office/medical property in Colorado Springs for sale.
      1539 S 8Th St, Colorado Springs, CO 80905
      View Details
    • $695,000

      Colorado Springs Office/Medical Property

      Versatile office/medical property in Colorado Springs with dual-tenant configuration.
      1539 S 8Th St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing
      3,476 SF

      Office Building Near Downtown

      Office building near I-25 and Downtown Colorado Springs.
      415 W Bijou St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing
      9,600 SF

      Office Building with Rental Income

      Office building for sale with existing rental income.
      1765 S 8Th St, Colorado Springs, CO 80905
      View Details
    • $374,900

      Private Lot Backing Bear Creek

      Unique lot with city and mountain views near Bear Creek.
      1035 Beta Loop, Colorado Springs, CO 80905
      View Details
    • $2,300,000
      6,055 SF

      Updated Multifamily Property Near Downtown

      Turnkey 14-unit property near downtown and I-25.
      1512-1518 S Corona Ave, Colorado Springs, CO 80905
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,958 SF

      Restored Office Building Near I-25

      2,958 SF office building near I-25 for sale or lease.
      516 W Bijou St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing
      3,324 SF

      Character-Rich Office Suite with Views

      Unique office space with Pikes Peak views for lease.
      402 W Bijou St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing
      4,200 SF

      Creative Office Space on Colorado

      Modern office space with creative design and walkable amenities.
      508-512 W Colorado Ave, Colorado Springs, CO 80905
      View Details
    • $24,000
      10,000 SF

      Westside Colorado Springs Commercial Space

      Commercial space with fenced yard and office, convenient I-25 access.
      421 East Arvada St, Colorado Springs, CO 80905
      View Details
    • $12 SF/Yr

      Unique Retail and Industrial Units

      Retail and industrial units for lease with land opportunity.
      102 South Chestnut St, Colorado Springs, CO 80905
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space in Cheyenne Plaza

      Retail space available in busy Cheyenne Plaza shopping center.
      1779-1791 S 8Th St, Colorado Springs, CO 80905
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    917 Colorado Ave
    Colorado Springs, CO 80905-1517
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    917 Colorado Ave, Colorado Springs, CO, 80905
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!