Individually Owned Property summary
AI-generated overview
This exceptional 12,578 square foot warehouse, located at 1207 S. Nevada Ave in Colorado Springs, CO 80903, presents a compelling redevelopment opportunity. Situated on a 1.21-acre lot zoned FBZ-COR, the property boasts excellent visibility and frontage on S. Nevada Avenue, complemented by rear access via S. Weber Street. The warehouse features six (6) high-clearance service bays with loading docks, providing ample space for various industrial uses. The asking price is $2,450,000, translating to $218.64 per square foot. Ample parking is available, with a ratio of 2.15 spaces per 1,000 square feet. The property's location within a well-established commercial corridor ensures high traffic volume and great signage opportunities. A closed-off outdoor area offers significant potential for expansion or the creation of additional usable space, such as a patio. This prime location and versatile layout make this warehouse an attractive investment for developers seeking a high-impact project in a thriving Colorado Springs market. The property is a single-tenant building.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,411 SF
Lot
1.21 ac (52,708 SF)
Zoning code
FBZ-COR
APN
6419400008
UPID
US13-0046700
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Car Rental Facility
-
Auto Repair Shop Vehicle Inspection Center
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$901k
Blend (final)
Blend
$900k
Owner & transaction history
since 2023
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
FBZ-COR · Colorado Springs, CO
Zoning description
$1f
General category
UNKNOWN
Top alternative use upside
Commercial (general)
$930,000
+56.3%
Neighborhood: shopping center
$645,000
+8.3%
Office building
$600,000
+1.3%
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 3 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$900k
Value range
$810k – $990k
±10% around blend
Estimated value / SF
$373 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
30
$810k
blend $900k
$990k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,411 SF
Lot area
1.21 ac
Year built
1959
Stories
1
APN
6419400008
Zoning
FBZ-COR
Assessed value
$233,860
Annual tax
$12,354
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
$440k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.6 mi away · 1,694 SF
3.8 mi away · 2,706 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$900k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 102 sales
$246
+52%
County 116 sales
$271
+38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $373/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+56%
vs current-use indication
Neighborhood: Shopping Center
Office Building
Auto Repair, Garage · current use
Medical Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
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 · 3 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$925k
Move the market yield to see immediate price impact.
Value / SF
$384
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%
$58k
$1.17M
$832k
$648k
$65k
$1.30M
$925k
$719k
$71k
$1.42M
$1.02M
$791k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$400k
3.2 mi · Oct 2025 · $171/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,354
Tax year 2023
Assessed value
$233,860
Assessed 2023
Previous assessed
$233,860
+0.0% YoY
Effective rate
5.28%
On assessed value
Assessed land
$105,880
Assessed improvement
$127,980
Land market value
$379,490
Improvement market value
$458,710
Total market value
$838,200
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
5
Stories
1
Total area
2,411 SF
Lot
1.21 ac (52,708 SF)
Zoning code
FBZ-COR
APN
6419400008
UPID
US13-0046700
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-COR · Colorado Springs, COZoning FBZ-COR · permitted uses
FBZ-COR · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
$1f
General category
UNKNOWN
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
5
Lot
1.21 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
FBZ-COR
UNKNOWN
Jurisdiction
Colorado Springs, CO
Recorded code
FBZ-COR
Official district
FBZ-COR
Official district profile
What the municipal code says about FBZ-COR
Zoning description
$1f
General category
UNKNOWN
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for FBZ-COR in Colorado Springs, CO.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
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.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
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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