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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Warehouses
122 Cimarron St Colorado Springs, CO 80903
Entity Owned
5-yr Hold
Free & Clear
Property ID
US13-1243957
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1983
Construction
STEEL FRAME
Total area
625 SF
Lot
0.07 ac (3,200 SF)
Zoning code
FBZ-COR
APN
6418317027
UPID
US13-1243957
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
428 S Nevada Investors LLC · 5 yrs held
428 S Nevada Investors LLC
since 2021
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
FBZ-COR · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$1f
Zone name
Form Based Corridor
General category
UNKNOWN
Zone area
68.74 ac
Source
Realmo
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
$2,125,000
ML approach
$2,215,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $2.24M (Jul 2 2021)
Last sale anchor
$2.24M
Jul 2 2021
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
$3,400 / 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
Assessed value
$20,020
Assessed 2023
Previous assessed
$20,020
+0.0% YoY
Assessed land
$19,860
Assessed improvement
$160
Land market value
$71,200
Improvement market value
$563
Total market value
$71,763
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
625 SF
Lot
0.07 ac (3,200 SF)
Zoning code
FBZ-COR
APN
6418317027
UPID
US13-1243957
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$1f
Zone name
Form Based Corridor
General category
UNKNOWN
Zone area
68.74 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
428 S Nevada Investors LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5500 GREENWOOD PLZ BLVD STE #130, GREENWOOD VILLAGE, CO 80111-2105
Ownership since
2021
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
Jul 2, 2021
$2,238,550
428 S Nevada Investors LLC
Cruden Bay LLC
Special Warranty Deed
—
Jan 30, 2018
$1,000,000
Colorado 803w LLC
Cimarron Partners LLC
Trustees Deed
$1,470,000 · Eastern Colorado Bk
Jul 22, 2014
—
Austin Bluffs Center LLC
—
Grant Deed
related
$1,850,000 · Eastern Colorado Bk
Apr 3, 2007
—
Cimarron Partners LLC
Austin Bluffs Center LLC
Quit Claim Deed
related
—
Feb 28, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Dec 6, 2005
$2,500,000
Austin Bluffs Center LLC
Los Arcos Partners
Grant Deed
$1,400,000 · Garden Gods Bank
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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