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Property profile & analytics
OFF-MARKET Estimated value $605,000
Retail space

1108 Manitou Ave Manitou Springs, CO 80829-1736

2,288 SF 0.16 ac lot Built 1974
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US13-0025223
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Construction STEEL FRAME
Total area 2,288 SF
Lot 0.16 ac (7,000 SF)
Zoning code C
APN 7405203077
UPID US13-0025223
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
by Request
CAP Approach CAP
$505k
Comparable Approach Comparable
$703k
Blend (final) Blend
$605k
Owner & transaction history
Blake J Allen · 5 yrs held
Blake J Allen
since 2020
7 recorded transactions
2026
Price N/A
2025
Price N/A
2023
Price N/A
2022
Price N/A
2020
$600,000
2007
$300,000
2001
Price N/A
Zoning & alternative use
C · Manitou Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Commercial (C) . A. Purpose. The Commercial Zone District is characterized by commercial, office, and multi-unit mixed-use residential uses that are an integral part of the City's ability to provide a diverse range of essential and regionally oriented services, tourism-related businesses , and employment opportunities. This Zone District is primarily located…

Zone name Commercial
General category MIXED_USE
Zone area 156.37 ac
Source code of ordinances
Top alternative use upside
Commercial (general) $775,000 +43.9%
Neighborhood: shopping center $635,000 +17.5%
Auto repair, garage $620,000 +15.1%
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