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Property profile & analytics
OFF-MARKET
Estimated value
$2,205,000
Retail space
117 Wahsatch Ave Colorado Springs, CO 80903-3615
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-1634646
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,200 SF
Lot
0.44 ac (19,000 SF)
Zoning code
FBZ-CEN CU
APN
6418402009
UPID
US13-1634646
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
-
The O'Neil Group Family Office Business Management Consultant
-
Fast Fleet Towing Services Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.20M
CAP Approach
CAP
$1.89M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$2.21M
Owner & transaction history
Peak Education · 1 yrs held
Peak Education
since 2025
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
FBZ-CEN CU · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.7M
+26.8%
Office building
$2.5M
+18.6%
Auto repair, garage
$2.5M
+17.1%
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
$2,235,000
ML approach
$2,195,000
CAP Approach
CAP Return
Estimation
6%
$2,045,000
6.5%
$1,890,000
7%
$1,755,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,145,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,720,000
Change: +27% · Conversion: Moderate
OFFICE BUILDING
$2,545,000
Change: +19% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,510,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,455,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$2.21M
Range $1.98M – $2.43M · ±10% · vs last sale $2.25M (Apr 4 2025)
Last sale anchor
$2.25M
Apr 4 2025
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
$216 / 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
$24,202
Tax year 2023
Assessed value
$413,170
Assessed 2023
Previous assessed
$413,170
+0.0% YoY
Effective rate
5.86%
On assessed value
Assessed land
$82,700
Assessed improvement
$330,470
Land market value
$296,400
Improvement market value
$1,184,479
Total market value
$1,480,879
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
10,200 SF
Lot
0.44 ac (19,000 SF)
Zoning code
FBZ-CEN CU
APN
6418402009
UPID
US13-1634646
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN CU · Colorado Springs, CO
Zoning FBZ-CEN CU · permitted uses
FBZ-CEN CU · 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
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
MEDICAL 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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Peak Education
Individual
Mailing address
PO BOX 1385, COLORADO SPRINGS, CO 80901-1385
Ownership since
2025
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
Dec 23, 2025
—
Peak Education
—
Deed
related
$200,000 · Rocky Mountain Bank And Trust
Apr 4, 2025
$2,250,000
Peak Education
117 Wahsatch LLC
Special Warranty Deed
$1,575,000 · Rocky Mountain Bank And Trust
Feb 7, 2022
—
117 Wahsatch LLC
Kevonel Investments LLC
Deed
$2,167,500 · Bank Of Colorado
May 27, 2021
$1,050,000
117 Wahsatch LLC
Kevonel Investments LLC
Deed
—
Jan 23, 2020
—
Kevonel Investments LLC
—
Deed
related
$750,000 · Legacy Bank
Dec 9, 2019
$1,050,000
Kevonel Investments LLC
Antique Gallery INC
Grant Deed
—
May 14, 2007
$750,000
Antique Gallery INC
Saheto Ents LLP
Grant Deed
$472,000 · Pueblo Bank & Trust Co
—
—
Antique Gallery INC
—
Deed Of Trust
related
$472,000 · Pueblo Bank & Trust Co
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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