Financial
Distress signals
Property profile

305 Hancock Ave Colorado Springs, CO 80903

OFF-MARKET
Distribution centers
Property ID
US13-0886173
1,291 SF 0.29 ac lot Built 1957
Last sale Mar 2025 · $430,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,291 square foot flex space, located at 305 S Hancock Avenue in Colorado Springs, CO 80903, presents a unique investment opportunity. The property sits on a 0.287-acre lot and boasts a convenient location backing up to Memorial Park, offering high visibility and a desirable setting. Currently vacant, this freestanding building is zoned PBC, allowing for a wide array of business uses. The asking price is $495,000, translating to $383.42 per square foot. Its previous use was

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$58k
Assessed land$20k
Assessed improvement$38k

Value estimate

· Sep 2026
$320k
$288k – $352k
AI approach$250k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$164/SF
Submarket average, outlier-cleaned · 279 recorded sales of this use type
Observed band · Q1–Q3$120 – $251
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PBC
JurisdictionEL PASO

Location intelligence

Which uses thrive at this corner?
Best fit: Grocery Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Grocery Store11.4
Kitchen & Bath11.2
Bakery10.8

Location

305 Hancock Ave Colorado Springs, CO 80903-3740
County assessor Recorded deeds · 2 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 13 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
30 Costilla, Colorado Springs, CO 80903-3812 $2,000,000 Sep 2021 10,599 SF
211-215 Cimarron, Colorado Springs, CO 80903 $5,500,000 Oct 2020 16,832 SF
1330 Royer, Colorado Springs, CO 80903-4361 $850,000 Mar 2019 5,528 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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