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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Outlet malls
1005 Academy Blvd Colorado Springs, CO 80909-4401
Entity Owned
7-yr Hold
Free & Clear
Property ID
US13-2765335
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
48,542 SF
Lot
5.54 ac (241,322 SF)
Zoning code
C6 APZ2 AO
APN
6411209060
UPID
US13-2765335
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
-
Jiffy Lube Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.75M
Blend (final)
Blend
$4.15M
Owner & transaction history
Wetherly Investment LLC · 7 yrs held
Wetherly Investment LLC
since 2019
7 recorded transactions
Zoning & alternative use
C6 APZ2 AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.7M
+0.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$6,680,000
Current use
OFFICE BUILDING
$6,685,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10%
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
$85 / 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
Assessed value
$870,210
Assessed 2023
Previous assessed
$870,210
+0.0% YoY
Assessed land
$501,600
Assessed improvement
$368,610
Land market value
$1,797,849
Improvement market value
$1,321,191
Total market value
$3,119,040
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
5
Stories
1
Total area
48,542 SF
Lot
5.54 ac (241,322 SF)
Zoning code
C6 APZ2 AO
APN
6411209060
UPID
US13-2765335
Jurisdiction
EL PASO
Zoning & alternative use
C6 APZ2 AO · Colorado Springs, CO
Zoning C6 APZ2 AO · permitted uses
C6 APZ2 AO · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.7M
OFFICE BUILDING
Est. value
$6.7M
RETAIL STORES Current
OFFICE BUILDING
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
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
5
Lot
5.54 ac
Current owner
From public records · entity-resolved
Wetherly Investment LLC
Entity
Free & Clear · 7 yrs held
Mailing address
8424 SANTA MONICA BLVD #804, WEST HOLLYWOOD, CA 90069-6233
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
$2,650,000
Wetherly Investment LLC
Crossroads Equity Holdings LLC
Grant Deed
—
May 20, 2015
—
Crossroads Equity Holdings LLC
Crossroads Debt Holdings LLC
Quit Claim Deed
$4,200,000 · Other Institutional Lenders
Feb 3, 2015
—
Crossroads Debt Holdings LLC
Deputy Public Te Of El Paso Cnty|dessert Canyon 1
Trustees Deed
related
—
Jan 15, 2015
$3,600,000
Dessert Canyon 1 LLC|crossroads Debt Holdings LLC
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
related
$7,840,000
Mar 31, 2006
$9,600,000
Dessert Canyon 1 LLC
Mccauley Real Estate Interests LLC
Special Warranty Deed
$7,840,000 · Cwcapital LLC
Mar 31, 2006
—
Mccauley R/e Interests LLC
First International Bank
Quit Claim Deed
related
—
Mar 26, 2003
—
Real Estate Interests Mccauley
Mccauley,flores C
Quit Claim Deed
related
$6,225,000 · Affinity Bank
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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