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Property profile & analytics
OFF-MARKET
Estimated value
$275,000
Theaters & concert halls
113 Pike Peak Ave Colorado Springs, CO 80903-1803
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US13-0058352
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,270 SF
Lot
0.21 ac (9,000 SF)
Zoning code
FBZ-CEN
APN
6418216004
UPID
US13-0058352
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
-
Rising Florist (Bike/Boat/Book/etc) Store Florist
-
Vix Media Group Advertising Agency Marketing & Advertising
-
Kimball's Wine Bar Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
Murphy Family Co LLC · 19 yrs held
Murphy Family Co LLC
since 2006
7 recorded transactions
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 ac
Source
Realmo
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
$275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$275k
Range $248k – $303k · ±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
$30 / 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
Assessed value
$168,800
Assessed 2023
Previous assessed
$168,800
+0.0% YoY
Assessed land
$139,740
Assessed improvement
$29,060
Land market value
$500,850
Improvement market value
$104,150
Total market value
$605,000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
9,270 SF
Lot
0.21 ac (9,000 SF)
Zoning code
FBZ-CEN
APN
6418216004
UPID
US13-0058352
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN · Colorado Springs, COZoning FBZ-CEN · permitted uses
FBZ-CEN · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Murphy Family Co LLC
Entity
Free & Clear · 19 yrs held
Mailing address
2245 BROADWAY AVE, COLORADO SPRINGS, CO 80904-3761
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2018
—
Murphy Family Co LLC
—
Deed
related
—
Dec 28, 2006
—
Murphy Family Co LLC
Murphy,mary L
Quit Claim Deed
related
—
Dec 27, 2006
—
Murphy Family Co LLC
Murphy,charles J
Quit Claim Deed
—
Apr 6, 2004
$805,000
Charles J Murphy
Pikes Peak 2 LLC
Grant Deed
—
Oct 10, 2001
—
Prisy & Associates LLC
Harrington,dale & Barbie
Grant Deed
related
—
Jul 26, 2001
$755,000
Dale Harrington
Visionary Resources Ltd
Grant Deed
$610,000 · Visionary Resources Ltd
—
—
Murphy Family Co LLC
—
Loan Modification
related
—
—
—
Murphy Family Co 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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