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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Warehouses
1135 Calvert Ave Colorado Springs, CO 80904-3736
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0916899
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2001
Construction
STEEL FRAME
Total area
3,600 SF
Lot
0.26 ac (11,250 SF)
Zoning code
M1/CR
APN
7414212026
UPID
US13-0916899
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
$650k
CAP Approach
CAP
$525k
Comparable Approach
Comparable
$864k
Blend (final)
Blend
$650k
Owner & transaction history
David Law · 1 yrs held
David Law
since 2024
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
M1/CR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$960,000
+35.6%
Auto repair, garage
$885,000
+25.2%
Medical building
$865,000
+22.3%
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 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$525,000
7%
$485,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$710,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$960,000
Change: +36% · Conversion: Moderate
AUTO REPAIR, GARAGE
$885,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$865,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$770,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$675,000
Change: -5% · Conversion: Moderate
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Oct 2 2024)
Last sale anchor
$650k
Oct 2 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
$181 / 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
$7,416
Tax year 2023
Assessed value
$143,720
Assessed 2023
Previous assessed
$143,720
+0.0% YoY
Effective rate
5.16%
On assessed value
Assessed land
$13,810
Assessed improvement
$129,910
Land market value
$49,500
Improvement market value
$465,621
Total market value
$515,121
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
3,600 SF
Lot
0.26 ac (11,250 SF)
Zoning code
M1/CR
APN
7414212026
UPID
US13-0916899
Jurisdiction
EL PASO
Zoning & alternative use
M1/CR · Colorado Springs, CO
Zoning M1/CR · permitted uses
M1/CR · 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
WAREHOUSE, STORAGE Current
Est. value
$710,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$960,000
AUTO REPAIR, GARAGE
Est. value
$885,000
MEDICAL BUILDING
Est. value
$865,000
OFFICE BUILDING
Est. value
$770,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2001
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
David Law
Individual
Mailing address
14 W ESPANOLA ST, COLORADO SPRINGS, CO 80907-7359
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Oct 2, 2024
$650,000
David Law
Sacc LLC
Warranty Deed
$461,734 · The Stockmens Bank
Dec 6, 2018
$415,000
Sacc LLC
Stahler,tom D & Jean L
Grant Deed
—
—
—
Thomas D Stahler
—
Deed Of Trust
related
$100,000 · Bank At Broadmoor
—
—
Tom D Stahler
—
Deed Of Trust
related
$125,000 · Woltman Rhea A Trust
—
—
Tom D Stahler
—
Deed Of Trust
related
$68,101 · Bank At Broadmoor
—
—
Tom D Stahler
—
Deed Of Trust
related
$80,830 · Bank At Broadmoor
—
—
Thomas D Stahler
—
Deed Of Trust
related
$150,000 · Bank At Broadmoor
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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