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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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