Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1349 Verde Dr Colorado Springs, CO 80910

    • Commercial real estate
    • 0.55 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1885157
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1349 Verde Dr

    Lot size
    0.55 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.55-acre land portfolio in Colorado Springs, Colorado, presents a unique investment opportunity. Located at 1349 Verde Dr, zip code 80910, this R1-6 zoned property offers six shovel-ready lots ideal for single-family home construction. The property's central location provides easy access to key amenities and infrastructure. Proximity to Fort Carson, Peak Innovation Business Park, and Colorado Springs Airport ensures convenient commuting and strong potential for future appreciation. Two sets of approved building plans are included, streamlining the development process and offering flexibility for builders and investors. The surrounding area boasts numerous schools, parks, shopping centers, and convenient transportation options, enhancing the desirability of the lots. This infill parcel represents a compelling opportunity to capitalize on the growing Colorado Springs real estate market. The asking price for this exceptional land portfolio is $350,000. El Paso County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.77134310192
    Latitude
    38.81191249978

    Comparable in this City

    • $620,000
      3,212 SF

      Colorado Springs Multifamily Investment

      Four-unit apartment building, strong ROI.
      1184 Mazatlan Cir, Colorado Springs, CO 80910
      View Details
    • $710,000
      0.18 Acres

      Updated Quadplex in Colorado Springs

      Tastefully updated and fully furnished income property with solid rental history.
      211 University Dr, Colorado Springs, CO 80910
      View Details
    • $165,000
      1,152 SF

      Stylish Condo with Designer Touches

      Upgraded 2-bedroom, 2-bathroom condo with modern comfort and artistic charm.
      411 Lakewood Cir, Colorado Springs, CO 80910
      View Details
    • $635,000
      3,381 SF

      Colorado Springs Multifamily Investment

      Four-unit apartment building, strong ROI potential.
      135 University Dr, Colorado Springs, CO 80910
      View Details
    • $314,000

      Serene Property with Natural Palette

      Stunning property featuring a serene natural color palette throughout.
      2122 Phillips Aly, Colorado Springs, CO 80910
      View Details
    • $220,000

      Spacious Condo Near Fort Carson

      Condominium near Fort Carson, shopping, mountains, and downtown Colorado Springs.
      2049 Legacy Ridge Vw, Colorado Springs, CO 80910
      View Details

    Similar Nearby for Sale

    • $620,000
      3,212 SF

      Colorado Springs Multifamily Investment

      Four-unit apartment building, strong ROI.
      1184 Mazatlan Cir, Colorado Springs, CO 80910
      View Details
    • $710,000
      0.18 Acres

      Updated Quadplex in Colorado Springs

      Tastefully updated and fully furnished income property with solid rental history.
      211 University Dr, Colorado Springs, CO 80910
      View Details
    • $165,000
      1,152 SF

      Stylish Condo with Designer Touches

      Upgraded 2-bedroom, 2-bathroom condo with modern comfort and artistic charm.
      411 Lakewood Cir, Colorado Springs, CO 80910
      View Details
    • $635,000
      3,381 SF

      Colorado Springs Multifamily Investment

      Four-unit apartment building, strong ROI potential.
      135 University Dr, Colorado Springs, CO 80910
      View Details
    • $314,000

      Serene Property with Natural Palette

      Stunning property featuring a serene natural color palette throughout.
      2122 Phillips Aly, Colorado Springs, CO 80910
      View Details
    • $250,000
      1,152 SF

      Satellite Hotel Condo with Views

      2-bedroom, 2-bathroom condo in the iconic Satellite Hotel.
      411 Lakewood Cir, Colorado Springs, CO 80910
      View Details

    Similar Nearby for Lease

    • $8,800 /Mo
      6,333 SF

      Industrial Property with Office and Storage

      Office, storage, and welding shop on one acre available for lease.
      3425 Astrozon Blvd, Colorado Springs, CO 80910
      View Details
    • $418,176

      Land for Development at Market

      Development-ready land with prominent exposure and flexible zoning.
      1650-1728 S Circle Dr, Colorado Springs, CO 80910
      View Details
    • $12 SF/Yr
      12,462 SF

      Printers Park Medical Office Building

      Colorado Springs medical office space for lease or sale.
      3225 International Cir, Colorado Springs, CO 80910
      View Details
    • Contact for pricing
      18,153 SF

      Market Square Retail Center For Lease

      El Paso Retail Space: Multiple Units Available
      2811-2877 Fountain Rd, Colorado Springs, CO 80910
      View Details
    • $216 SF/Yr
      6,656 SF

      Gateway Plaza Retail Space

      Colorado Springs End Cap Retail Space Available
      1976 Murray Blvd, Colorado Springs, CO 80910
      View Details
    • $21 SF/Yr
      104,107 SF

      Printers Park Medical Plaza: Colorado Springs

      Class A Medical Office Building, 95,052 SF Available
      175 Union Blvd, Colorado Springs, CO 80910
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1349 Verde Dr
    Colorado Springs, CO 80910
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.