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    105 Weber St Colorado Springs, CO 80903

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    Property profile & analytics

    105 Weber St Colorado Springs, CO 80903

    View on Map
    • Investment properties
    • 22,950 SF
    • 3.67 lot acres
    Off-Market
    Property ID
    US13-0721585
    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.
    Value Estimations
    $6,555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Colorado Springs Epoxy Flooring / Construction Company / General Contractor
    • The Thrive Network / Charitable Organization / Social Service Agency
    • Weber Student Center / Church
    • 105 Weber St N Parking / Parking Lot & Garage

    Property Details for 105 Weber St

    Year built
    1938
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.67 lot acres
    Property size
    22,950 SF
    Zone code
    FBZ-T2A FBZ-T2A/CR
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    6418109020
    APU
    6418109020

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,270,000
      6.5%
      $3,940,000
      7%
      $3,660,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,488,000
      Market price range: $721k - $6.49M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $8,830,000
      Current use
      RESTAURANT
      $10,045,000
      Change: +14% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $9,365,000
      Change: +6% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.819
    Latitude
    38.8359
    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
    $753,780
    $283,150
    $1,036,930
    -
    $2,701,719
    $1,014,892
    $3,716,611

    Comparable in this City

    • Value Estimation
      $12,260,000
      42,968 SF

      111 Cimarron St

      OFFICE/RESIDENTIAL (MIXED USE) • 42,968 SF
      111 Cimarron St, Colorado Springs, CO 80903-3810
      View Details
    • Value Estimation
      $5,970,000
      22,188 SF

      332 Willamette Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 22,188 SF
      332 Willamette Ave, Colorado Springs, CO 80903-1116
      View Details
    • Value Estimation by Request
      3,100 SF

      Bring Your Own Concept - Restaurant For Sale In Colorado Spg

      Restaurants • 3,100 SF
      0 Bring Your Own Concept - Restaurant For Sale In Colorado Spg, Colorado Springs, CO 80903
      View Details
    • Value Estimation by Request
      1,008 SF

      708 Santa Fe St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,008 SF
      708 Santa Fe St, Colorado Springs, CO 80903-4630
      View Details
    • Value Estimation by Request
      984 SF

      730 Vermijo Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 984 SF
      730 Vermijo Ave, Colorado Springs, CO 80903-3701
      View Details
    • Value Estimation by Request
      1,089 SF

      844 Monument St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,089 SF
      844 Monument St, Colorado Springs, CO 80903-2824
      View Details

    Similar Nearby for Sale

    • $749,500
      3,248 SF

      Retail, Office, Mixed-Use Building

      Retail, office, or mixed-use building with off-street parking.
      710-712 South Tejon St, Colorado Springs, CO 80903
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      5,224 SF

      Downtown Colorado Springs Retail/Office Building

      Retail/office building in downtown Colorado Springs with development potential.
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      Downtown Colorado Springs Land Opportunity

      Prime land in a vibrant downtown district with high foot traffic.
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      Retail and Residential Condominium

      3,410 Sq. Ft. condominium with retail and residential units.
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      571 SF

      Freestanding Building Near Downtown

      571 SF building with basement storage and fenced yard.
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      6,400 SF

      Industrial Space Available For Rent

      Industrial property offering 6,400 square feet for lease.
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    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Development in Downtown Colorado

      Mixed-use development in the heart of downtown Colorado Springs.
      655 S Sierra Madre St, Colorado Springs, CO 80903
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    • $14 SF/Yr

      Versatile Commercial Space with Parking

      Adaptable 3,500 SF space suitable for retail, office, or live-work.
      530 South Nevada Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Flexible Workspace Solutions Available

      Global network of workspaces with flexible terms and customizable options.
      102 S Tejon St, Colorado Springs, CO 80903
      View Details
    • Contact for pricing

      Medical/Office Building in Downtown Colorado

      Medical/office building in north downtown Colorado Springs with operating room.
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      View Details
    • Contact for pricing

      Furnished Office Space Available

      Furnished office space for rent with short term leases.
      444 E Pikes Peak Ave, Colorado Springs, CO 80903
      View Details
    • Contact for pricing
      300 SF

      Office Space Near Downtown

      Office suites available near downtown with common amenities.
      615 N Nevada Ave, Colorado Springs, CO 80903
      View Details
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    105 Weber St
    Colorado Springs, CO 80903
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    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
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