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Property profile & analytics
OFF-MARKET
Individual retail properties
119 Cheyenne Rd Colorado Springs, CO 80906-2533
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US13-1388801
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
1992
Construction
WOOD FRAME
Total area
2,062 SF
Lot
0.31 ac (13,479 SF)
Zoning code
OC P
APN
6430218032
UPID
US13-1388801
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 Day On Location Beauty Hair Salon Nail Salon
-
Aesthetics by Abby Hair Salon
-
Shoosh Salon & Day Spa Hair Salon Nail Salon
-
Joey Corrina Weaver Cosmetologist Hair Salon
-
Wildridge Salon Hair Salon
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
Flattop LLC · 14 yrs held
Flattop LLC
since 2011
6 recorded transactions
Zoning & alternative use
OC P · 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
$2,596
Tax year 2023
Assessed value
$55,760
Assessed 2023
Previous assessed
$55,760
+0.0% YoY
Effective rate
4.66%
On assessed value
Assessed land
$16,550
Assessed improvement
$39,210
Land market value
$59,308
Improvement market value
$140,540
Total market value
$199,848
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
1992
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Total area
2,062 SF
Lot
0.31 ac (13,479 SF)
Zoning code
OC P
APN
6430218032
UPID
US13-1388801
Jurisdiction
EL PASO
Zoning & alternative use
OC P · Colorado Springs, CO
Zoning OC P · permitted uses
OC P · 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
1992
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Flattop LLC
Entity
Mailing address
3240 ELECTRA DR, COLORADO SPRINGS, CO 80906-1087
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2011
$182,500
Flattop LLC
3rnkstg 11 Ltd
Warranty Deed
$377,000 · Wells Fargo Bank NA
Aug 30, 2011
—
3rnkstg II Ltd
Beck,fred & Laurel
Trustees Deed
related
—
Sep 29, 2009
—
3rnkstg II Ltd
Beck,fred & Laurel
Deed In Lieu Of Foreclosure
related
—
Nov 14, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Sep 19, 2006
—
3rnkstg II Ltd
Larsen,rulon J JR & Nena D
Quit Claim Deed
related
—
Sep 19, 2006
$150,000
Fred Beck
3rnkstg II Ltd
Warranty Deed
$240,000 · 3rnkstg II Ltd
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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