1550 Pulsar DrColorado Springs, CO 80916

  • Medical offices
  • 31,936 SF

Property Details for 1550 Pulsar Dr

Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
6.38 AC
Property size (Sq ft)
31,936 SF
Zone code
PBC/CR AO
Property type
Medical offices
Property subtype
Medical centers
APN
6426211001
APU
6426211001

Description

This exceptional medical office building, located at 1550 Pulsar Drive in Colorado Springs, CO 80916, offers a unique investment opportunity. The property, totaling 31,936 square feet, underwent a complete renovation in 2022, ensuring modern and efficient spaces for medical professionals. Built in 1995, the building boasts a prime location along the bustling Academy Corridor, providing optimal visibility and excellent signage opportunities for tenants. The property features a multi-tenant configuration with eight available suites ranging in size from 1,530 to 3,200 square feet, catering to a variety of medical practices. Ample parking is available, with a ratio of 9.39 spaces per 1,000 square feet. The property's APN is 64262-11-001, and it is situated in El Paso County. This is an ideal location for medical practices seeking high visibility and convenient access for patients. The building's recent renovation ensures modern amenities and a professional environment. The property's strategic location within the Matthews-Vu Medical Offices further enhances its appeal and provides a collaborative atmosphere for medical professionals. Don't miss this chance to secure space in a thriving medical hub.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,985,496
    6.5%
    $6,448,150
    7%
    $5,987,568
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,638,552
    Geo Method
    $2,638,552
  • Alternative Use

    Use
    Valuation
    Residential
    $7,995,706
    Hospitality
    $7,324,024
    Educational
    $6,093,502
    Medical
    $6,303,066
    Retail
    $9,478,780

Location Insight

City
Colorado Springs
County
El Paso
State
Colorado
Latitude
38.81
Longitude
-104.756
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
$56,864
$271,380
$844,620
$1,116,000
-
$972,692
$3,027,308
$4,000,000

FAQs

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