Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102 W Colorado Ave Colorado Springs, CO 80903

    • Auto shops
    • 1,294 SF
    • 0.80 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-1012784
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hailios / Corporate Office
    • Vintage Vine Imports / Store
    • Mint Things / Hearing Aid Store

    Property Details for 102 W Colorado Ave

    Year built
    1946
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.80 lot acres
    Property size
    1,294 SF
    Zone code
    FBZ-CEN CU
    Property type
    Auto shops
    APN
    6418220005
    APU
    6418220005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.828
    Latitude
    38.8329
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $107,500
    $29,680
    $137,180
    -
    $385,314
    $106,378
    $491,692

    Comparable in this City

    • Value Estimation by Request
      2,407 SF

      948 Nevada Ave

      AUTO REPAIR, GARAGE • 2,407 SF
      948 Nevada Ave, Colorado Springs, CO 80903-4206
      View Details
    • Value Estimation by Request
      972 SF

      623 Hugo St

      AUTO REPAIR, GARAGE • 972 SF
      623 Hugo St, Colorado Springs, CO 80903
      View Details
    • Value Estimation
      $910,000
      2,411 SF

      1207 Nevada Ave

      AUTO REPAIR, GARAGE • 2,411 SF
      1207 Nevada Ave, Colorado Springs, CO 80903-4303
      View Details
    • Value Estimation
      $3,325,000
      25,457 SF

      1145 Transit Dr

      AUTO REPAIR, GARAGE • 25,457 SF
      1145 Transit Dr, Colorado Springs, CO 80903-4638
      View Details
    • Value Estimation by Request
      9,020 SF

      509-511 Nevada Ave

      AUTO REPAIR, GARAGE • 9,020 SF
      509-511 Nevada Ave, Colorado Springs, CO 80903
      View Details
    • Value Estimation
      $1,085,000
      5,419 SF

      1001 Hancock Ave

      AUTO REPAIR, GARAGE • 5,419 SF
      1001 Hancock Ave, Colorado Springs, CO 80903
      View Details

    Similar Nearby for Sale

    • $665,000

      South Downtown Commercial Property For Sale

      Commercial property with flexible zoning and high frontage available for sale.
      928 S Tejon St, Colorado Springs, CO 80903
      View Details
    • $8,675,000
      45,828 SF

      Prime Colorado Springs Investment Opportunity

      Fully leased retail property with long-term tenant on major thoroughfare.
      3204-3208 E Platte Ave, Colorado Springs, CO 80903
      View Details
    • $2,200,000
      7,500 SF

      Downtown Colorado Springs Retail Building

      Turn-of-the-century building in the heart of downtown.
      206 N Tejon St, Colorado Springs, CO 80903
      View Details
    • $2,200,000
      7,500 SF

      Downtown Colorado Springs Retail Gem

      Historic building, prime location, owner-user opportunity
      206 Tejon St, Colorado Springs, CO 80903
      View Details
    • $1,300,000

      Downtown Colorado Springs Storefront

      Historic Charm, Modern Retail Space
      330 Institute St, Colorado Springs, CO 80903
      View Details
    • $895,000

      Redeveloped Retail Condo For Sale

      Retail condo unit in a prime location for sale.
      E Bijou St, Colorado Springs, CO 80903
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,479 SF

      Colorado Springs Single-Tenant Automotive Property

      Single-tenant automotive property available for lease in Colorado Springs.
      719 South Sierra Madre St, Colorado Springs, CO 80903
      View Details
    • $30 SF/Yr
      683,928 SF

      Epicenter Retail Space Available

      Downtown Colorado Springs, 19,094 SF Retail Space
      655 Sierra Madre St, Colorado Springs, CO 80903
      View Details
    • $30 SF/Yr
      18,223 SF

      Old Depot Square: Retail Opportunity

      Historic Downtown Colorado Springs Retail Space
      10 Sierra Madre St, Colorado Springs, CO 80903
      View Details
    • $20 SF/Yr
      9,443 SF

      Prime Colorado Springs Retail Space

      9,443 SF Retail/Restaurant Opportunity
      1025 Sierra Madre St, Colorado Springs, CO 80903
      View Details
    • $22 SF/Yr
      1,618 SF

      Downtown Retail Space For Lease

      Versatile 1,618 SF retail space in walkable downtown location.
      517-523 S Tejon St, Colorado Springs, CO 80903
      View Details
    • $10 SF/Yr
      11,550 SF

      Renovated Event Center/Restaurant Space

      Event center/restaurant space with potential for creative office repurposing.
      1-3 S Nevada Ave, Colorado Springs, CO 80903
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102 W Colorado Ave
    Colorado Springs, CO 80903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.