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    Camellia Coray, Colorado Springs, CO

    License ID: 40042316
    Years of Experience
    12
    Association
    Pikes Peak Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (719) 550-2335

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    19
    Total transactions
    127
    Total transactions amount
    $73M
    Price range
    $20k - 3.2M
    Average price
    $575k

    Listings

    For Sale (18)

    View map
    • Contact for pricing
      0.70 Acres

      Mountain Land in Rainbow Valley

      Tranquil mountain parcel near Pikes Peak with utilities available.
      490 Willow Rd, Divide, CO 80814
      View Details
    • $9,000,000
      79.49 Acres

      Prime Vacant Land in Brighton

      79.49 acre lot with development potential in Brighton, CO.
      144th Ave & Chambers Rd, Brighton, CO 80601
      View Details
    • $325,000
      38.73 Acres

      Vacant Land with Mountain Views

      38.73 acres of land near BLM land with well.
      14430 Aiken Ride Vw, Colorado Springs, CO 80926
      View Details
    • $500,000
      1.51 Acres

      Colorado Springs Land with Mountain Views

      1.51 acre lot with Pikes Peak and city views.
      3760 Twisted Oak Cir, Colorado Springs, CO 80904
      View Details
    • $35,000
      0.86 Acres

      Rainbow Valley Vacant Land Opportunity

      Build your dream home in a peaceful mountain community.
      416 Willow Rd, Divide, CO 80814
      View Details
    • $800,000
      51.23 Acres

      Forested Acreage Near Pikes Peak

      51.23 acres of forested land near Colorado Springs.
      6085 Wellington Rd, Cascade, CO 80809
      View Details
    • $375,000
      Pending

      Colorado Springs Land with Views

      1.34-acre corner lot with city and mountain views.
      3605 Outback Vista Pt, Colorado Springs, CO 80904
      View Details
    • $35,000
      0.86 Acres

      Land in Rainbow Valley

      Build your dream home in a peaceful mountain community.
      416 Willow Rd, Divide, CO 80814
      View Details
    • $399,000
      0.90 Acres

      Buildable Lot with Inspiring Views

      Convenient, private lot with stunning views and creative freedom.
      Mesa Rd, Colorado Springs, CO 80904
      View Details
    • New
      $360,000
      Pending

      Colorado Springs Land Opportunity

      1.98-acre homesite in gated Cedar Heights community.
      3195 Cedar Heights Dr, Colorado Springs, CO 80904
      View Details
    • $325,000
      38.73 Acres

      Colorado Springs Land with Mountain Views

      Serene land in gated community with mountain views and well.
      14430 Aiken Ride Vw, Colorado Springs, CO 80926
      View Details
    • Contact for pricing
      0.34 Acres

      Commercial Lot near Golf Course

      Prime commercial lot with golf course and mountain views.
      134 W Idaho Springs Dr, Pueblo, CO 81007
      View Details
    • Contact for pricing
      0.34 Acres

      Commercial Lot near Golf Course

      Prime commercial lot with golf course and mountain views.
      134 W Idaho Springs Dr, Pueblo, CO 81007
      View Details
    • $9,000,000
      79.49 Acres

      Prime Brighton Land Opportunity

      79.49 acre lot in rapidly growing Brighton area.
      144Th Ave, Brighton, CO 80601
      View Details
    • $225,000
      35.16 Acres

      Land in Gated Community

      35-acre parcel with utilities in a private, gated community.
      15825 Henry Ride Hts, Colorado Springs, CO 80926
      View Details
    • $545,000
      0.59 Acres

      Commercial Warehouse with Fenced Lot

      Warehouse with bays, office, large yard, and convenient location.
      2427 Busch Ave, Colorado Springs, CO 80904
      View Details
    • Contact for pricing

      Commercial Lot with Mountain Views

      Level commercial lot near downtown Pueblo West with mountain views.
      134 W Idaho Spg Dr, Pueblo West, CO
      View Details
    • $210,000

      Land For Sale

      Land available for sale.
      11970 Woodridge Ter, Colorado Springs, CO 80908
      View Details

    For Lease (1)

    View map
    • $1.40 SF/Yr
      10,463 SF

      Industrial Space with I-10 Frontage

      Industrial space featuring offices, loading docks, and I-10 frontage.
      4100 S 38Th St, Phoenix, AZ 85018
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Camellia Coray, Colorado Springs, CO
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    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.

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    Camellia Coray, Colorado Springs, CO
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