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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Strip malls
1010 Colorado Ave Colorado Springs, CO 80904-4363
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-2235361
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,910 SF
Lot
0.5 ac (21,750 SF)
Zoning code
C5 P
APN
7413219033
UPID
US13-2235361
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
-
Art & Frame Approach (Bike/Boat/Book/etc) Store Home Decor Store
-
Nawei's Acupuncture Clinic Medical Clinic Alternative Medicine Practice
-
Bloom Skin Therapy (Bike/Boat/Book/etc) Store Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$830k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$820k
Owner & transaction history
Mfab LLC · 11 yrs held
Mfab LLC
since 2015
7 recorded transactions
Zoning & alternative use
C5 P · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$900,000
6.5%
$830,000
7%
$770,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,040,000
Current use
AUTO REPAIR, GARAGE
$960,000
Change: -8% · Conversion: Difficult
MEDICAL BUILDING
$940,000
Change: -10% · Conversion: Difficult
OFFICE BUILDING
$835,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$210 / 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
$128,870
Assessed 2023
Previous assessed
$128,870
+0.0% YoY
Assessed land
$53,100
Assessed improvement
$75,770
Land market value
$190,313
Improvement market value
$271,612
Total market value
$461,925
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
3,910 SF
Lot
0.5 ac (21,750 SF)
Zoning code
C5 P
APN
7413219033
UPID
US13-2235361
Jurisdiction
EL PASO
Zoning & alternative use
C5 P · Colorado Springs, CO
Zoning C5 P · permitted uses
C5 P · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
MEDICAL BUILDING
Est. value
$940,000
OFFICE BUILDING
Est. value
$835,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1903
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Mfab LLC
Entity
Free & Clear · 11 yrs held
Mailing address
2845 MOONSTONE VW, COLORADO SPRINGS, CO 80906-6714
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2019
—
Mfab LLC
—
Deed
related
$327,743 · Firstbank
Feb 2, 2015
$295,000
Mfab LLC
Adams Bk & Trust
Grant Deed
—
Aug 28, 2014
$250,000
Cunningham,lucille D Living Trust
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
related
$635,134
Mar 14, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
Mfab LLC
—
Deed Of Trust
related
$327,743 · Firstbank
—
—
Cunningham,mark A & Lucille D
—
Deed Of Trust
related
$205,000 · Adams Bk&tr
—
—
Mfab LLC
—
Deed Of Trust
related
$355,987 · Bank Of Co
—
—
Cunningham,lucille D Living Trust
—
Deed Of Trust
related
$635,134 · Adams Bk&tr
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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