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Property profile & analytics
OFF-MARKET
Estimated value
$2,485,000
Grocery and convenience stores
1121 Cir Dr Colorado Springs, CO 80909-3134
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-0327162
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
55,233 SF
Lot
9.23 ac (402,059 SF)
Zoning code
C5 CU
APN
6410213026
UPID
US13-0327162
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
-
Starbucks Cafe & Coffee Shop
-
Safeway Pharmacy Pharmacy
-
Linda Leigh, BS Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Safeway Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.49M
Owner & transaction history
Lafayette North Circle Retail LLC · 2 yrs held
Lafayette North Circle Retail LLC
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
C5 CU · 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
$2,275,000
ML approach
$2,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.49M
Range $2.24M – $2.73M · ±10% · vs last sale $2.80M (Mar 24 2024)
Last sale anchor
$2.80M
Mar 24 2024
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
$45 / 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
$40,050
Tax year 2023
Assessed value
$739,350
Assessed 2023
Previous assessed
$739,350
+0.0% YoY
Effective rate
5.42%
On assessed value
Assessed land
$516,000
Assessed improvement
$223,350
Land market value
$1,849,467
Improvement market value
$800,533
Total market value
$2,650,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
55,233 SF
Lot
9.23 ac (402,059 SF)
Zoning code
C5 CU
APN
6410213026
UPID
US13-0327162
Jurisdiction
EL PASO
Zoning & alternative use
C5 CU · Colorado Springs, CO
Zoning C5 CU · permitted uses
C5 CU · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Colorado Springs. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
9.23 ac
Current owner
From public records · entity-resolved
Lafayette North Circle Retail LLC
Entity
Mailing address
PO BOX 10234, PITTSBURGH, PA 15232-0234
Ownership since
2024
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
Jun 24, 2024
$2,800,000
Lafayette North Circle Retail LLC
War Chest Colorado LLC
Special Warranty Deed
$1,800,000 · Premier Members Cu
May 18, 2023
$2,335,600
Daniel G Kamin Colorado Springs LLC
War Chest Colorado LLC
Special Warranty Deed
—
Dec 30, 2021
$7,650,000
War Chest Colorado LLC
William P Ryan
Special Warranty Deed
$780,000 · Whitney Bank
Jan 3, 2018
—
Safeway Stores 45 INC
—
Loan Modification
related
—
Nov 7, 2016
—
Green Valley Corporation
—
Deed
related
$2,426,429 · Wells Fargo Bank NA
Apr 27, 2005
$6,000,000
Green Valley Corp
Heritage Hills Partners Ltd
Grant Deed
$5,000,000 · Heritage Hills Partners Ltd
—
—
Safeway Stores 45 INC
—
Deed Of Trust
related
$1,145,000,000 · Wilmington Trust (ct)
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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