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Property profile & analytics
FOR LEASE
Office buildings
985 W Fillmore St Colorado Springs, CO 80907
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0067181
For Lease
1 / 2
$20.49 SF/Yr
985 W Fillmore St, Colorado Springs, CO 80907
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,720 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C5/CR HS
APN
7336103035
UPID
US13-0067181
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
Current use
Occupant on record · Public records
-
Serenity Recovery Connection - Formerly Springs Recovery Connection Charitable Organization Social Service Agency
-
Inszone Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.32M
CAP Approach
CAP
$2.38M
Comparable Approach
Comparable
$3.17M
Blend (final)
Blend
$2.32M
Owner & transaction history
Serenity Recovery Connection · 2 yrs held
Serenity Recovery Connection
since 2024
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
C5/CR HS · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,320,000
ML approach
$2,320,000
CAP Approach
CAP Return
Estimation
6%
$2,575,000
6.5%
$2,380,000
7%
$2,210,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,625,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$3,540,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.32M
Range $2.09M – $2.55M · ±10% · vs last sale $2.32M (Jan 29 2024)
Last sale anchor
$2.32M
Jan 29 2024
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
$158 / 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
Assessed value
$585,910
Assessed 2023
Previous assessed
$585,910
+0.0% YoY
Assessed land
$122,070
Assessed improvement
$463,840
Land market value
$437,516
Improvement market value
$1,662,487
Total market value
$2,100,003
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
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
2
Total area
14,720 SF
Lot
1.24 ac (54,014 SF)
Zoning code
C5/CR HS
APN
7336103035
UPID
US13-0067181
Jurisdiction
EL PASO
Zoning & alternative use
C5/CR HS · Colorado Springs, CO
Zoning C5/CR HS · permitted uses
C5/CR HS · 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
AUTO REPAIR, GARAGE
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.5M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Lot
1.24 ac
Current owner
From public records · entity-resolved
Serenity Recovery Connection
Individual
Mailing address
985 W FILLMORE ST, COLORADO SPRINGS, CO 80907-5809
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
—
Serenity Recovery Connection
Springs Recovery Connection
Quit Claim Deed
related
$500,000 · Ent Cu
Aug 11, 2022
$2,320,000
Springs Recovery Connection
985 W Fillmore St LLC
Warranty Deed
$500,000 · Sunflower Bank NA
May 10, 2022
—
985 W Fillmore St LLC
—
Deed
related
$150,000 · The Eastern Colorado Bank
Aug 2, 2021
$1,950,000
985 W Fillmore St LLC
The Pikes Peak Council INC
Special Warranty Deed
$1,657,500 · The Eastern Colorado Bank
Jul 18, 2005
$770,000
Pikes Peak Council INC Boy Sco
Fillmore-nautilus
Grant Deed
$544,000 · Fillmore-nautilus
Jul 13, 2005
—
Fillmore-nautilus
Fillmore-nautilus Building
Quit Claim Deed
related
—
—
—
Pikes Peak Council INC
—
Deed Of Trust
related
$1,000,000 · American National Bank & Trust
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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