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Property profile & analytics
FOR SALE
Office buildings
219 W Colorado Ave Colorado Springs, CO 80903
Individually Owned
~
Est. High Equity
Property ID
US13-0364642
For Sale
1 / 12
$60,000
219 W Colorado Ave, Colorado Springs, CO 80903
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Property summary
AI-generated overview
The Trestle Building, a historic 1884 office condo located at 219 W Colorado Ave in the heart of Downtown Colorado Springs' Arts District, offers a unique opportunity. This property boasts 2,679 total square feet, with 1,176 square feet currently vacant and ready for immediate occupancy. The building is zoned M2 SS CU and situated conveniently along the railroad tracks on the west side of downtown. The available space is ideal for executive offices, providing a prestigious address in a vibrant, culturally rich neighborhood. Ample surface parking is available with 40 spaces provided for tenants and guests. This is a rare chance to acquire space in a well-established building with character and charm, offering a blend of historical significance and modern convenience. The building's executive office subtype caters to businesses seeking a sophisticated and professional environment. The property is located in El Paso County, Colorado, zip code 80903. This prime location offers easy access to local amenities, cultural attractions, and transportation links. Don't miss this chance to secure your business's future in this exceptional downtown Colorado Springs location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
FBZ-CEN
APN
6418404028
UPID
US13-0364642
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
EnSite Design & Construction Construction Company General Contractor
-
Amnet Tech Support Center IT Consulting Firm
-
affordable home repair Hardware & Home Improvement General Contractor
-
Elevated Computer Specialists LLC Tech Support Center IT Consulting Firm
-
Waves And Falls Videography Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$904k
Blend (final)
Blend
$1.10M
Owner & transaction history
Jay Kennedy
Jay Kennedy
since 2026
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$960,000
+54.3%
Neighborhood: shopping center
$665,000
+6.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colorado Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colorado Springs submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,095,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$960,000
Change: +54% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$665,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10% · vs last sale $1.10M (Nov 9 2021)
Last sale anchor
$1.10M
Nov 9 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$440 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,765
Tax year 2023
Assessed value
$232,890
Assessed 2023
Previous assessed
$232,890
+0.0% YoY
Effective rate
6.34%
On assessed value
Assessed land
$14,540
Assessed improvement
$218,350
Land market value
$52,125
Improvement market value
$782,625
Total market value
$834,750
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
2,500 SF
Lot
0.06 ac (2,500 SF)
Zoning code
FBZ-CEN
APN
6418404028
UPID
US13-0364642
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN · Colorado Springs, COZoning FBZ-CEN · permitted uses
FBZ-CEN · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$960,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$665,000
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1949
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Jay Kennedy
Individual
Mailing address
219 E COLORADO AVE, COLORADO SPRINGS, CO 80903-1901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2026
—
Jay Kennedy
Jay Kennedy
Deed
related
—
Feb 26, 2024
$235,000
Wade Property Enterprise LLC
Relish The Moment LLC
Special Warranty Deed
$164,500 · Relish The Moment LLC
Feb 26, 2024
—
Relish The Moment LLC
David L Moorefield
Quitclaim Deed
related
—
Aug 24, 2023
—
Tmd2 LLC
—
Deed
related
$432,000 · Air Academy FCU
Sep 22, 2022
$125,000
Jay Kennedy
R J Trestle Group LLC
Warranty Deed
—
Nov 9, 2021
$1,100,000
Slg LLC
Paul H Abramson
Special Warranty Deed
$825,000 · The Stockmens Bank
Oct 1, 2021
$185,000
Svetlana Henao Zakharevich
Perry Sanders
Special Warranty Deed
$160,000 · Perry Sanders
Sep 22, 2020
—
Weimer Properties LLC
—
Deed
related
$298,258 · Tbk Bk Ssb
Sep 10, 2020
—
219 West Colorado Avenue Suite 200
—
Deed
related
$400,180 · Tbk Bank Ssb
Mar 7, 2019
—
Robert B Hill
—
Deed
related
$64,847 · Independent Bk
Apr 4, 2018
—
219 West Colorado Avenue Soute 200
—
Deed
related
$250,000 · Colorado Business Bank
Feb 28, 2018
$50,000
R J Trestle Group LLC
Trestle Group LLC
Warranty Deed
$40,000 · Trestle Group LLC
Nov 3, 2004
—
Paul H Abramson
Abramson,paul H
Quit Claim Deed
related
$125,000 · Air Academy National Bank
—
—
Paul H Abramson
—
Deed Of Trust
related
$127,500 · James C Berger
—
—
Paul H Abramson
—
Deed Of Trust
related
$265,000 · Vectra Bank Colorado NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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