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Property profile & analytics
OFF-MARKET
Auto shops
114 Las Vegas St, Colorado Springs, CO 80903-4216
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-0327169
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,300 SF
Lot
0.16 ac (7,125 SF)
Zoning code
FBZ-T1
APN
6419219020
UPID
US13-0327169
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
-
3D Blasting General Contractor
-
Playwider Warehouse Warehouse & Storage
-
R A K Investments Inc Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Summer Enterprises LLC · 4 yrs held
Summer Enterprises LLC
since 2022
Last sale
$320,000
5 recorded transactions
Zoning & alternative use
FBZ-T1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,824
Tax year 2023
Assessed value
$96,420
Assessed 2023
Previous assessed
$96,420
+0.0% YoY
Effective rate
5.00%
On assessed value
Assessed land
$10,730
Assessed improvement
$85,690
Land market value
$38,475
Improvement market value
$307,124
Total market value
$345,599
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
3,300 SF
Lot
0.16 ac (7,125 SF)
Zoning code
FBZ-T1
APN
6419219020
UPID
US13-0327169
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-T1 · Colorado Springs, CO
Zoning FBZ-T1 · permitted uses
FBZ-T1 · 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
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Summer Enterprises LLC
Entity
Mailing address
3825 TEAKWOOD PL, COLORADO SPRINGS, CO 80918-3031
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2025
—
Summer Enterprises LLC
—
Deed
related
$4,000,000 · The Stockmens Bank
Mar 18, 2022
$320,000
Summer Enterprises LLC
Sue Baldwin LLC
Warranty Deed
$220,000 · Independent Bank
Dec 30, 2019
$310,000
Sue Baldwin LLC
Kates Properties LLC
Warranty Deed
$232,500 · Bank Of The San Juans
Aug 21, 2018
—
Kates Properties LLC
114 E Las Vegas LLC
Warranty Deed
related
—
Apr 17, 2008
—
114 E Lasvegas LLC
Kates,richard A
Warranty Deed
—
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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