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Property profile & analytics
OFF-MARKET
Bars & Pubs
1223 Academy Blvd Colorado Springs, CO 80909-4406
Entity Owned
10-yr Hold
Free & Clear
Property ID
US13-0084875
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,927 SF
Lot
0.37 ac (16,000 SF)
Zoning code
C6 AO APZ2
APN
6411209067
UPID
US13-0084875
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Amerco Real Estate Co · 10 yrs held
Amerco Real Estate Co
since 2016
5 recorded transactions
Zoning & alternative use
C6 AO APZ2 · 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
$2,948
Tax year 2023
Assessed value
$62,170
Assessed 2023
Previous assessed
$62,170
+0.0% YoY
Effective rate
4.74%
On assessed value
Assessed land
$33,260
Assessed improvement
$28,910
Land market value
$119,200
Improvement market value
$103,631
Total market value
$222,831
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
1,927 SF
Lot
0.37 ac (16,000 SF)
Zoning code
C6 AO APZ2
APN
6411209067
UPID
US13-0084875
Jurisdiction
EL PASO
Zoning & alternative use
C6 AO APZ2 · Colorado Springs, CO
Zoning C6 AO APZ2 · permitted uses
C6 AO APZ2 · 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
1973
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Amerco Real Estate Co
Entity
Free & Clear · 10 yrs held
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2017
—
Amerco Real Estate Co
—
Grant Deed
related
$60,000,000 · Umb Bk
Mar 28, 2016
$100,000
Amerco Real Estate Co
Long,dolores K
Grant Deed
—
Mar 28, 2016
—
Dolores K Long
1223 Academy Partners LLC
Deed In Lieu Of Foreclosure
related
—
Dec 11, 2006
$201,600
1223 Academy Partners LLC
Long,dolores K
Warranty Deed
$141,600 · Dolores K Long
Jul 11, 2006
—
Record Owner
Owner,record
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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