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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Office buildings
129 Costilla St Colorado Springs, CO 80903-3813
Entity Owned
3-yr Hold
Free & Clear
Property ID
US13-0048304
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,822 SF
Lot
0.22 ac (9,500 SF)
Zoning code
FBZ-CEN
APN
6418314016
UPID
US13-0048304
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
-
Cheryl A. Baeza, LCSW Counselor Doctor
-
Jason D. Dagg, BA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$535k
Owner & transaction history
Csj No 7 LLC · 3 yrs held
Csj No 7 LLC
since 2023
7 recorded transactions
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$98,460
Assessed 2023
Previous assessed
$98,460
+0.0% YoY
Assessed land
$20,810
Assessed improvement
$77,650
Land market value
$74,575
Improvement market value
$278,298
Total market value
$352,873
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
4,822 SF
Lot
0.22 ac (9,500 SF)
Zoning code
FBZ-CEN
APN
6418314016
UPID
US13-0048304
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN · Colorado Springs, COZoning FBZ-CEN · permitted uses
FBZ-CEN · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1956
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Csj No 7 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
111 S TEJON ST STE #222, COLORADO SPRINGS, CO 80903-2246
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2023
—
Csj No 7 LLC
Carolyn S Jenkins
Bargain And Sale Deed
—
Jul 13, 2010
$750,000
Csj No 7 LLC
Palmer Village Holdings LLC
Grant Deed
—
Jul 6, 2010
—
Urban Ents LLC
Downtown Investment Props LLC
Grant Deed
related
—
Dec 30, 2005
$5,800,000
Carolyn S Jenkins
Springboard Investments LLC
Grant Deed
—
Dec 30, 2005
—
Springboard Investments LLC
Urban Ents LLC
Grant Deed
related
—
Jul 28, 2004
$800,000
Palmer Village Holdings LLC
Berwick James D & H H Trust
Grant Deed
related
—
Jul 28, 2004
—
Downtown Investment Props LLC
Palmer Village Holdings LLC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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