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Property profile & analytics
OFF-MARKET
Estimated value
$2,430,000
Auto shops
1015 Vly St Colorado Springs, CO 80915-2801
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0339459
Property summary
AI-generated overview
This exceptional 11,200-square-foot single-tenant industrial flex space at 1015 Valley Street in Colorado Springs, CO, 80915, presents a unique opportunity. Built in 2001, the property sits on a 1.11-acre lot and offers a highly functional layout ideal for a variety of uses. The building boasts impressive 16' to 18' ceiling heights, providing ample vertical space for storage or specialized equipment. Ten convenient drive-in bays ensure efficient loading and unloading, complemented by secure outdoor storage areas. The property is equipped with robust 400 Amp, 220v, 3-phase power. The flexible space is divisible to a minimum of 1,200 square feet, with a maximum contiguous space of 10,000 square feet. Currently, the entire 11,200 square feet is vacant and ready for immediate occupancy. Its I-2 zoning allows for a wide range of industrial and flex uses. The location in eastern Colorado Springs offers easy access to Powers Boulevard and convenient access to all areas of the city, making it an attractive option for businesses seeking a strategic location. This property is a rare find, combining functionality, size, and a prime location.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2001
Construction
STEEL FRAME
Total area
10,000 SF
Lot
1.11 ac (48,352 SF)
Zoning code
I-2 CAD-O
APN
5407202012
UPID
US13-0339459
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
-
GrowGeneration Hydroponics Store Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.33M
Blend (final)
Blend
$2.43M
Owner & transaction history
Cimarron Hills Protection District · 1 yrs held
Cimarron Hills Protection District
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+56.3%
Neighborhood: shopping center
$2.7M
+8.3%
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
AUTO REPAIR, GARAGE
$2,460,000
Current use
COMMERCIAL (GENERAL)
$3,845,000
Change: +56% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,665,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$2,405,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$2,135,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$2,100,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.43M
Range $2.19M – $2.67M · ±10% · vs last sale $2.48M (Sep 19 2024)
Last sale anchor
$2.48M
Sep 19 2024
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
$243 / 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
Tax billed
$23,988
Tax year 2023
Assessed value
$366,690
Assessed 2023
Previous assessed
$366,690
+0.0% YoY
Effective rate
6.54%
On assessed value
Assessed land
$53,960
Assessed improvement
$312,730
Land market value
$193,404
Improvement market value
$1,120,912
Total market value
$1,314,316
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
10,000 SF
Lot
1.11 ac (48,352 SF)
Zoning code
I-2 CAD-O
APN
5407202012
UPID
US13-0339459
Jurisdiction
EL PASO
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Zoning I-2 CAD-O · permitted uses
I-2 CAD-O · 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
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES
Est. value
$2.1M
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Cimarron Hills Protection District
Individual
Mailing address
3353 HL CIR, COLORADO SPRINGS, CO 80904-1002
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2024
$2,475,000
Cimarron Hills Protection District
Al Stiger
Special Warranty Deed
—
Dec 19, 2024
—
Farmers State Bank Of Calhan
Cimarron Hills Fire Protection Dist
Special Warranty Deed
—
Mar 7, 2013
$690,000
Al Stiger
Galley Of Valley LLC
Warranty Deed
—
Mar 4, 2011
$900,000
Galley Of Valley LLC
Breese,terry L
Grant Deed
$600,000 · 850 Valley Street LLC
Apr 18, 2001
—
Terry L Breese
—
Trustees Deed
related
$307,522 · Pikes Peak National Bank
Sep 5, 2000
$120,900
Terry L Breese
2r 2k Associates
Grant Deed
—
—
—
Galley Of Valley LLC
—
Deed Of Trust
related
$175,000 · Adams Bank & Trust
—
—
Terry L Breese
—
Deed Of Trust
related
$838,189 · Pikes Peak National Bank
—
—
Galley Of Valley LLC
—
Deed Of Trust
related
$245,000 · Adams Bank & Trust
—
—
Terry L Breese
—
Deed Of Trust
related
$75,000 · Pikes Peak National Bank
—
—
Terry L Breese
—
Deed Of Trust
related
$381,361 · Pikes Peak FCU
—
—
Terry L Breese
—
Deed Of Trust
related
$50,870 · Pikes Peak National 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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