Property profile

1001 Hancock Ave Colorado Springs, CO 80903

OFF-MARKET
Auto shops
Property ID
US13-0575260
5,419 SF 56.38 ac lot Built 1974
Individually Owned 20-yr Hold Free & Clear
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,419 SF
Lot 56.38 ac (2,455,913 SF)
Zoning code PF
APN 6420100007
UPID US13-0575260

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1001 Hancock Ave Colorado Springs, CO 80903
Colorado Springs metro Census 2802 COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$898k
Blend (final) Blend
$330k

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Zoning & alternative use

PF · Colorado Springs, CO
Zoning description

PF Public Facilities PK Public Parks APD Airport Planned Development PCR Planned Cultural Resort DFOZ Design Flexibility Overlay HR High Rise Overlay HS Hillside Area Overlay HP Historic Preservation Overlay AO Airport O…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Neighborhood: shopping center $1.4M +8.3%
Office building $1.4M +1.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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