3625 Parkmoor Village DrColorado Springs, CO 80917

Property Details for 3625 Parkmoor Village Dr

Year built

1985

Construction

STEEL FRAME

Lot size

1.94 AC

Property size (Sq ft)

53,743 SF

Zone code

OC

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

6334104023

APU

6334104023

Description

This 53,743 square foot, four-story medical building, located at 3625 Parkmoor Village Dr, Colorado Springs, CO 80917, presents a unique investment opportunity. Built in 1985 and renovated in 2014, this property sits on 1.94 acres and boasts a prime location off N. Academy Blvd and Parkmoor Village Dr, offering excellent transportation access and proximity to retail and dining. Previously a 147-bed skilled nursing facility (last operated August 2022), the building is currently vacant and offers significant potential for redevelopment or adaptive reuse. Features include a sprinkler system, backup generator, and a large commercial kitchen on the lower level complete with walk-in refrigeration, freezer, dry storage, and dishwashing station. The property's zoning is OC, and its APN is 6334104023. Its convenient location and existing infrastructure make it ideal for a variety of medical uses, including skilled nursing, inpatient rehabilitation, mental health facilities, long-term care, and other wellness-related businesses. The building backs up to Palmer Park, providing a tranquil setting. Asking price is $4,000,000.

• CAP approach

  CAP return

  Valuation

  6%

  $11,490,935

  6.5%

  $10,607,017

  7%

  $9,849,373

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,106,284

  Geo Method

  $5,106,284

• Alternative Use

  Use

  Valuation

  Residential

  $13,455,448

  Hospitality

  $12,325,118

  Educational

  $10,254,354

  Medical

  $10,607,017

  Retail

  $15,951,217

Location Insight

City

Colorado Springs

County

El Paso

State

Colorado

Latitude

38.8763

Longitude

-104.761

CBSA code

17820

CBSA name

COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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