117 Las Vegas St Colorado Springs, CO 80903-4215
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$360k
Range $324k – $396k (±10%)
Property ID
US13-1143792
Property summary
AI-generated overview
This exceptional 18,400 square foot warehouse, located at 117 E Las Vegas St in Colorado Springs, CO 80903, presents a compelling investment opportunity. Priced at $3,900,000 ($211.96/SF), this property boasts a 100% occupancy rate with a remaining lease term of 2 years under a NNN lease structure. The single-tenant building, constructed in 1965, sits on a 1.52-acre lot and is zoned C6, allowing for future development potential. The warehouse features a desirable 15' ceiling height and two loading docks, enhancing operational efficiency. The property's prime location in El Paso County offers excellent access to major transportation routes and a thriving local market. This is a rare opportunity to acquire a well-maintained, high-occupancy warehouse with significant upside potential in a rapidly growing Colorado Springs market. The property's strong financials and flexible zoning make it an ideal addition to any investment portfolio. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,075 SF
Lot
1.52 ac (66,211 SF)
Zoning code
FBZ-COR/CR
APN
6419220018
UPID
US13-1143792
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$360k
Owner & transaction history
Zoning & alternative use
FBZ-COR/CR · Colorado Springs, CO
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$360k
Value range
$324k – $396k
±10% around blend
Estimated value / SF
$20 / SF
Confidence
Low
4 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
40
$324k
blend $360k
$396k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
18,075 SF
Lot area
1.52 ac
Year built
1965
Stories
1
APN
6419220018
Assessed value
$164,430
Annual tax
$8,551
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$3.89M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.1 mi away · 22,780 SF
4.6 mi away · 19,114 SF
6.1 mi away · 13,600 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$360k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 279 sales
$164
-88%
County 334 sales
$181
-89%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $20/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$164k
Move the market yield to see immediate price impact.
Value / SF
$9
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$10k
$207k
$148k
$115k
$12k
$230k
$164k
$128k
$13k
$253k
$181k
$141k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$3.75M
2.4 mi · Mar 2026 · $186/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,551
Tax year 2023
Assessed value
$164,430
Assessed 2023
Previous assessed
$164,430
+0.0% YoY
Effective rate
5.20%
On assessed value
Assessed land
$44,330
Assessed improvement
$120,100
Land market value
$158,906
Improvement market value
$430,466
Total market value
$589,372
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
18,075 SF
Lot
1.52 ac (66,211 SF)
Zoning code
FBZ-COR/CR
APN
6419220018
UPID
US13-1143792
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-COR/CR · Colorado Springs, COZoning FBZ-COR/CR · permitted uses
FBZ-COR/CR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
1.52 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
FBZ-COR/CR
Jurisdiction
Colorado Springs, CO
Recorded code
FBZ-COR/CR
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for FBZ-COR/CR in Colorado Springs, CO.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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