Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Bowling alleys
1232 21st St Colorado Springs, CO 80904-3710
Individually Owned
8-yr Hold
Free & Clear
Property ID
US13-1192823
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
22,436 SF
Lot
2.01 ac (87,556 SF)
Zoning code
M1/CR CU
APN
7414215012
UPID
US13-1192823
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
-
Medical Marijuana Card - Colorado Springs Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Cheyenne Mtn Coological Societ · 8 yrs held
Cheyenne Mtn Coological Societ
since 2017
6 recorded transactions
Zoning & alternative use
M1/CR CU · 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
$35 / 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
$207,730
Assessed 2023
Previous assessed
$207,730
+0.0% YoY
Assessed land
$70,350
Assessed improvement
$137,380
Land market value
$252,158
Improvement market value
$492,401
Total market value
$744,559
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Total area
22,436 SF
Lot
2.01 ac (87,556 SF)
Zoning code
M1/CR CU
APN
7414215012
UPID
US13-1192823
Jurisdiction
EL PASO
Zoning & alternative use
M1/CR CU · Colorado Springs, CO
Zoning M1/CR CU · permitted uses
M1/CR CU · 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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Cheyenne Mtn Coological Societ
Individual
Free & Clear · 8 yrs held
Mailing address
4250 CHEYENNE MTN ZOO RD, COLORADO SPRINGS, CO 80906-5728
Ownership since
2017
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
Oct 19, 2017
$1,050,000
Cheyenne Mtn Coological Societ
Tenpin Partners LLC
Grant Deed
—
Dec 30, 2015
$705,000
Tenpin Partners LLC
Amc Properties LLC
Warranty Deed
—
Nov 19, 2015
—
Amc Properties LLC
—
Trustees Deed
related
$178,000 · Laeloco LLC
Oct 7, 2015
—
Amc Properties LLC
Senior Deputy Public Trustee|1232 South 21st Stree
Trustees Deed
related
—
Sep 24, 2015
$520,000
1232 South 21st Street Assocs
Deputy Public Te Of El Paso Cnty
Certificate Of Purchase
$1,165,000
Aug 11, 2004
—
1232 South 21st Street Assoc
—
Deed Of Trust
related
$1,165,000 · Ute Lanes INC
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1232 21st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
