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Property profile & analytics
OFF-MARKET
Estimated value
$315,000
Residential income homes
1016 Wahsatch Ave Colorado Springs, CO 80903-2414
Individually Owned
25-yr Hold
Property ID
US13-0363949
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1895
Construction
FRAME
Total area
1,946 SF
Lot
0.22 ac (9,500 SF)
Zoning code
SU
APN
6407118014
UPID
US13-0363949
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$315k
Owner & transaction history
Neena Grover · 25 yrs held
Neena Grover
since 2001
4 recorded transactions
Zoning & alternative use
SU · 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
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$315k
Range $284k – $347k · ±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
$162 / 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
$1,714
Tax year 2023
Assessed value
$37,420
Assessed 2023
Previous assessed
$37,420
+0.0% YoY
Effective rate
4.58%
On assessed value
Assessed land
$5,030
Assessed improvement
$32,390
Land market value
$75,000
Improvement market value
$483,365
Total market value
$558,365
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1895
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
1
Rooms
8
Bathrooms
3
Total area
1,946 SF
Lot
0.22 ac (9,500 SF)
Zoning code
SU
APN
6407118014
UPID
US13-0363949
Jurisdiction
EL PASO
Zoning & alternative use
SU · Colorado Springs, COZoning SU · permitted uses
SU · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1895
Construction
FRAME
Heating
HOT WATER
Stories
2
Units
1
Rooms
8
Bathrooms
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
Neena Grover
Individual
Mailing address
1016 N WAHSATCH AVE, COLORADO SPRINGS, CO 80903-2414
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2001
$235,000
Neena Grover
Dse Partnership LLP
Grant Deed
$188,000 · North American Mortgage
Aug 25, 1998
—
Dse Partnership LLP
Abromson,daniel R
Grant Deed
related
—
Aug 19, 1998
$165,000
Daniel R Abromson
Lewis,carol A
Grant Deed
$132,000 · A Plus Financial Services
—
—
Neena Grover
—
Deed Of Trust
related
$204,000 · Sun West Mortgage Co INC
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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