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Property profile & analytics
OFF-MARKET
Estimated value
$1,585,000
Retail space
108 Santa Fe Ave, Fountain, CO 80817-1929
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US13-1316472
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,400 SF
Lot
0.62 ac (26,818 SF)
APN
5606402009
UPID
US13-1316472
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
-
Family Dollar Discount Store
-
Primo Water Refill Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.59M
Owner & transaction history
Spring Creek Partners Ltd · 7 yrs held
Spring Creek Partners Ltd
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.3M
+17.5%
Auto repair, garage
$2.3M
+15.1%
Medical building
$2.0M
+3.3%
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 Fountain submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fountain 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%
$2,000,000
6.5%
$1,850,000
7%
$1,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,975,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,325,000
Change: +18% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,275,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$2,040,000
Change: +3% · Conversion: Difficult
OFFICE BUILDING
$1,820,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.59M
Range $1.43M – $1.74M · ±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
$189 / 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
$23,105
Tax year 2023
Assessed value
$397,540
Assessed 2023
Previous assessed
$397,540
+0.0% YoY
Effective rate
5.81%
On assessed value
Assessed land
$34,420
Assessed improvement
$363,120
Land market value
$123,363
Improvement market value
$1,301,495
Total market value
$1,424,858
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
8,400 SF
Lot
0.62 ac (26,818 SF)
APN
5606402009
UPID
US13-1316472
Jurisdiction
EL PASO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.8M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Spring Creek Partners Ltd
Entity
Mailing address
5435 LEMON GULCH RD, CASTLE ROCK, CO 80108-8437
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2018
$1,400,000
Spring Creek Partners Ltd
Jasiukonis,vitas R & Jonas L
Grant Deed
$970,200 · Westerra Cu
Sep 20, 2018
—
Vitas Romas Jasiukonis
Jasiukonis Colorado LLC
Special Warranty Deed
$50,000 · American Contrators Indemnity Co
Jan 25, 2017
—
Jonas L Jasiukonis
Jasiukonis Romas
Quit Claim Deed
related
—
Jan 28, 2015
—
Jasiukonis Colorado LLC
Jasiukonis,jonas L & Vitas R
Quit Claim Deed
related
—
Jun 6, 2013
$1,346,000
Romas Jasiukonis
Exchangeright Net Lease Portfolio 4
Special Warranty Deed
$1,000,000 · Zions First National Bank
Mar 29, 2013
$1,235,000
Exchangeright Net Leased Portfolio
Excell Fountain LLC
Special Warranty Deed
$8,000,000 · Wells Fargo Bank NA
—
—
Jasiukonis Colorado LLC
—
Loan Modification
related
—
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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