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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Self service car washes
142 Manitou Ave Manitou Springs, CO 80829-2427
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US13-0973303
Property profile
Verified
Property type
Self service car washes
Use group
CAR WASH - SELF-SERVE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,776 SF
Lot
0.46 ac (19,987 SF)
Zoning code
C
APN
7404410024
UPID
US13-0973303
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
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
City Of Manitou Springs · 1 yrs held
City Of Manitou Springs
since 2024
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
C · Manitou Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$600,000
+25.0%
Neighborhood: shopping center
$490,000
+2.1%
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 Manitou Springs submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manitou 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$480,000
Current use
COMMERCIAL (GENERAL)
$600,000
Change: +25% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$490,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$430,000
Change: -10% · Conversion: Difficult
RETAIL STORES
$420,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (May 16 2024)
Last sale anchor
$650k
May 16 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
$366 / 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
$2,032
Tax year 2023
Assessed value
$36,690
Assessed 2023
Previous assessed
$36,690
+0.0% YoY
Effective rate
5.54%
On assessed value
Assessed land
$34,850
Assessed improvement
$1,840
Land market value
$124,919
Improvement market value
$6,587
Total market value
$131,506
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Self service car washes
Use group
CAR WASH - SELF-SERVE
Status
Off-Market
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
4
Total area
1,776 SF
Lot
0.46 ac (19,987 SF)
Zoning code
C
APN
7404410024
UPID
US13-0973303
Jurisdiction
EL PASO
Zoning & alternative use
C · Manitou Springs, CO
Zoning C · permitted uses
C · Manitou Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manitou Springs. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$490,000
MEDICAL BUILDING
Est. value
$430,000
RETAIL STORES
Est. value
$420,000
AUTO REPAIR, GARAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL 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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Stories
1
Units
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
City Of Manitou Springs
Entity
Mailing address
606 MANITOU AVE, MANITOU SPRINGS, CO 80829-1877
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
Jul 31, 2024
—
City Of Manitou Springs
Mf Property Holdings LLC
Warranty Deed
—
Jul 25, 2024
—
Mf Property Holdings LLC
Bronson Duran
Warranty Deed
—
May 16, 2024
$650,000
City Of Manitou Springs
Mf Property Holdings LLC
Warranty Deed
—
May 14, 2024
—
Bronson Duran
Mf Property Holdings LLC
Warranty Deed
—
Dec 9, 2020
—
Mf Property Holdings LLC
Manitou Springs Car Wash LLC
Grant Deed
$390,000 · Manitou Springs Car Wash LLC
Feb 1, 2019
$380,000
Manitou Springs Car Wash LLC
Robert T Wetzel
Special Warranty Deed
—
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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