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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Auto shops
1212 Cir Dr Colorado Springs, CO 80909-3141
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US13-1116706
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,593 SF
Lot
0.74 ac (32,149 SF)
Zoning code
C5
APN
6409122011
UPID
US13-1116706
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
-
Bud's Muffler and Automotive Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.25M
Owner & transaction history
Griffith Group Cre Co LLC · 2 yrs held
Griffith Group Cre Co LLC
since 2024
Last sale
$1.3M
6 recorded transactions
Zoning & alternative use
C5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+76.1%
Medical building
$1.8M
+58.9%
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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,150,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,025,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$1,825,000
Change: +59% · Conversion: Difficult
OFFICE BUILDING
$1,045,000
Change: -9% · Conversion: Difficult
RETAIL STORES
$1,045,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (May 1 2024)
Last sale anchor
$1.25M
May 1 2024
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
$165 / 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
$12,709
Tax year 2023
Assessed value
$240,350
Assessed 2023
Previous assessed
$240,350
+0.0% YoY
Effective rate
5.29%
On assessed value
Assessed land
$60,100
Assessed improvement
$180,250
Land market value
$215,398
Improvement market value
$646,061
Total market value
$861,459
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
7,593 SF
Lot
0.74 ac (32,149 SF)
Zoning code
C5
APN
6409122011
UPID
US13-1116706
Jurisdiction
EL PASO
Zoning & alternative use
C5 · Colorado Springs, CO
Zoning C5 · permitted uses
C5 · 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
AUTO REPAIR, GARAGE Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.0M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
Griffith Group Cre Co LLC
Entity
Mailing address
15353 ISLA PALMA LN, NOKOMIS, FL 34275-4338
Ownership since
2024
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
May 1, 2024
$1,250,000
Griffith Group Cre Co LLC
Jevago LLC
Warranty Deed
$1,340,100 · American Bank Of Commerce
Mar 27, 2018
—
Jevago LLC
Goodwin,jeffrey L & Valinda S
Quit Claim Deed
related
$250,000 · Vectra Bk/co
Aug 13, 1998
$425,000
Goodwin,jeffrey L & Valinda S
Olson,carol L
Trustees Deed
$382,500 · Money Store Investment Corp
Aug 13, 1998
$260,000
Pearce,joyce E
International Motor Hotels INC
Trustees Deed
—
Aug 13, 1998
$110,000
Pearce,joyce E
National Shopping Centers INC
Trustees Deed
—
—
—
Jeffrey L Goodwin
—
Deed Of Trust
related
$320,000 · Key Bank & Trust
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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