Individually Owned Property summary
AI-generated overview
This industrial flex property consists of a 7,000 SF building on a secured, fully fenced and gated site with more than 1 acre of outdoor area designed for drive-around operations and industrial outdoor storage (IOS). The site provides direct drive-around access for outdoor storage and contractor-yard style use, with county zoning of I-2 supporting heavy industrial activities such as outdoor storage, heavy equipment, and contractor yards. The building includes office space that has been renovated, and the interior configuration provides additional mezzanine square footage that can support further office expansion or supplementary storage. The property is located at 5930 Paonia Ct in Colorado Springs with convenient access to the Powers Blvd and Galley Rd interchange to the southeast industrial submarket.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
STEEL FRAME
Total area
6,000 SF
Lot
1.02 ac (44,431 SF)
Zoning code
I-2 CAD-O
APN
5407205007
UPID
US13-0326117
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Plumbing Service General Contractor
-
(Bike/Boat/Book/etc) Store Rental Equipment Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.27M
CAP Approach
CAP
$875k
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$1.22M
Owner & transaction history
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Top alternative use upside
Neighborhood: shopping center
$1.6M
+67.1%
Auto repair, garage
$1.5M
+54.4%
Medical building
$1.4M
+50.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.22M
Value range
$1.09M – $1.34M
±10% around blend
Estimated value / SF
$203 / SF
Confidence
High
8 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
80
$1.09M
blend $1.22M
$1.34M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,000 SF
Lot area
1.02 ac
Year built
1981
Stories
1
APN
5407205007
Zoning
I-2 CAD-O
Assessed value
$216,910
Annual tax
$13,961
3
Income approach: direct capitalization
Partial preview
Income approach indication
$875k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$950k
@ 6.5% CAP return
$875k
@ 7% CAP return
$810k
4
Sales comparison
Partial preview
Sales approach indication
$1.09M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 6,675 SF
3.2 mi away · 6,204 SF
5.6 mi away · 6,304 SF
6.5 mi away · 7,442 SF
6.7 mi away · 7,800 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.22M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 44 sales
$159
+27%
Submarket 279 sales
$164
+23%
County 334 sales
$181
+12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $203/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+67%
vs current-use indication
Auto Repair, Garage
Medical Building
Office Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Implied cap rate
4.70%
Implied, in-place cap rate for this other warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.70%
9.0%
NOI (est.)
$92k *
Last sale · May 2022
$1.32M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.96M
Move the market yield to see immediate price impact.
Value / SF
$326
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.20%4.70%5.20%
$83k
$1.97M
$1.76M
$1.59M
$92k
$2.19M
$1.96M
$1.77M
$101k
$2.41M
$2.15M
$1.95M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.40M
3.1 mi · Jan 2026 · $329/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,961
Tax year 2023
Assessed value
$216,910
Assessed 2023
Previous assessed
$216,910
+0.0% YoY
Effective rate
6.44%
On assessed value
Assessed land
$49,580
Assessed improvement
$167,330
Land market value
$177,724
Improvement market value
$599,761
Total market value
$777,485
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
1.02 ac (44,431 SF)
Zoning code
I-2 CAD-O
APN
5407205007
UPID
US13-0326117
Jurisdiction
EL PASO
Zoning & alternative use
I-2 CAD-O · Colorado Springs, COZoning I-2 CAD-O · permitted uses
I-2 CAD-O · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
1.02 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
I-2 CAD-O
Jurisdiction
Colorado Springs, CO
Recorded code
I-2 CAD-O
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-2 CAD-O in Colorado Springs, CO.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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