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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
1125 Chelton Rd Colorado Springs, CO 80910-1738
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-2781763
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,006 SF
Lot
0.31 ac (13,500 SF)
Zoning code
PBC
APN
6422407003
UPID
US13-2781763
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
$740k
Comparable Approach
Comparable
$409k
Blend (final)
Blend
$650k
Owner & transaction history
1125 S Chelton LLC · 2 yrs held
1125 S Chelton LLC
since 2023
7 recorded transactions
Zoning & alternative use
PBC · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.1M
+26.8%
Auto repair, garage
$985,000
+17.1%
Medical building
$965,000
+14.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
RETAIL STORES
$840,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,070,000
Change: +27% · Conversion: Moderate
AUTO REPAIR, GARAGE
$985,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$965,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$162 / 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
$10,680
Tax year 2023
Assessed value
$216,410
Assessed 2023
Previous assessed
$216,410
+0.0% YoY
Effective rate
4.94%
On assessed value
Assessed land
$26,370
Assessed improvement
$190,040
Land market value
$94,500
Improvement market value
$681,142
Total market value
$775,642
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
4,006 SF
Lot
0.31 ac (13,500 SF)
Zoning code
PBC
APN
6422407003
UPID
US13-2781763
Jurisdiction
EL PASO
Zoning & alternative use
PBC · Colorado Springs, CO
Zoning PBC · permitted uses
PBC · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$985,000
MEDICAL BUILDING
Est. value
$965,000
OFFICE BUILDING
Est. value
$855,000
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
1125 S Chelton LLC
Entity
Mailing address
811 CRYSTAL PARK RD, MANITOU SPRINGS, CO 80829-2880
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2023
—
1125 S Chelton LLC
Alex S Lee
Warranty Deed
—
Oct 18, 2022
—
Alex S Lee
—
Deed
related
$645,000 · Independent Bank
May 21, 2010
—
Alex S Lee
Lee,sung S & Sun
Quit Claim Deed
related
—
Dec 31, 2008
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Nov 4, 2005
$380,000
Sung Soo Lee
Edward Kook
Warranty Deed
$266,000 · Us Bank NA
Nov 18, 1999
$245,000
Edward Kook
Park,min H & Hui S
Grant Deed
$140,000 · Individual
—
—
Edward Kook
—
Deed Of Trust
related
$180,000 · Individual
—
—
Alex S Lee
—
Deed Of Trust
related
$82,000 · Pikes Peak Regional Dev Corp
—
—
Alex S Lee
—
Deed Of Trust
related
$902,662 · Vectra Bank Colorado NA
—
—
Sung S Lee
—
Deed Of Trust
related
$150,000 · Wilshire State Bank
—
—
Edward S Kook
—
Deed Of Trust
related
$194,500 · Premier Bank
—
—
Edward Kook
—
Deed Of Trust
related
$237,474 · William P Flanagan
—
—
Edward Kook
—
Deed Of Trust
related
$237,500 · Premier Bank
—
—
Sung S Lee
—
Deed Of Trust
related
$311,000 · Pikes Peak Regional Dev Corp
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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