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Property profile & analytics
OFF-MARKET
Estimated value
$1,895,000
Assisted living facilities
1420 Fountain Blvd, Colorado Springs, CO 80910-3502
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2687607
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,888 SF
Lot
0.64 ac (27,690 SF)
Zoning code
R5
APN
6420108009
UPID
US13-2687607
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
-
Solange at the Lodge Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Aew Equity & Notes LLC · 3 yrs held
Aew Equity & Notes LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
R5 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+687.7%
Commercial (general)
$2.1M
+494.0%
Apartment house (5+ units)
$1.3M
+283.7%
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
$1,850,000
ML approach
$1,890,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,755,000
Change: +688% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,075,000
Change: +494% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,340,000
Change: +284% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,235,000
Change: +254% · Conversion: Difficult
RESTAURANT
$1,215,000
Change: +248% · Conversion: Difficult
MEDICAL BUILDING
$1,140,000
Change: +226% · Conversion: Difficult
Blend value · Realmo final
$1.90M
Range $1.71M – $2.08M · ±10% · vs last sale $1.90M (Jun 19 2023)
Last sale anchor
$1.90M
Jun 19 2023
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
$192 / 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
$1,897
Tax year 2023
Assessed value
$38,310
Assessed 2023
Previous assessed
$38,310
+0.0% YoY
Effective rate
4.95%
On assessed value
Assessed land
$5,840
Assessed improvement
$32,470
Land market value
$87,224
Improvement market value
$484,568
Total market value
$571,792
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
55
Total area
9,888 SF
Lot
0.64 ac (27,690 SF)
Zoning code
R5
APN
6420108009
UPID
US13-2687607
Jurisdiction
EL PASO
Zoning & alternative use
R5 · Colorado Springs, CO
Zoning R5 · permitted uses
R5 · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
MEDICAL BUILDING
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
1
Units
55
Lot
0.64 ac
Current owner
From public records · entity-resolved
Aew Equity & Notes LLC
Entity
Mailing address
5975 S QUEBEC ST STE #275, CENTENNIAL, CO 80111-4573
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Alme Ventures LLC
—
Deed
related
$3,000,000 · Investors Source Private Lending Fund In
Jun 19, 2023
$1,900,000
Aew Equity & Notes LLC
Aime Ventures LLC
Warranty Deed
$1,330,000 · Amg National Trust Bank
Apr 27, 2023
—
Aime Ventures LLC
—
Deed
related
$3,000,000 · Investors Source Private Lending Fund 1
Apr 13, 2023
—
Aime Ventures LLC
—
Deed
related
$86,167 · Abw Income Fund Vi LLC
Dec 11, 2020
—
Aime Ventures LLC
—
Deed Of Trust
related
$290,909 · Abw Income Fund Vi LLC
Jul 1, 2019
$850,000
Aime Ventures LLC
Rocky Mountain Health Care Services
Special Warranty Deed
$138,200 · Investors Source Private Plending Fund 1
Mar 3, 2005
—
Rocky Mtn Health Care Svcs
—
Trustees Deed
related
$500,000 · American National Bank & Trust
Aug 19, 2003
$350,000
Rocky Mtn Health Care Svcs
Fountain Blvd L L C
Grant Deed
$280,000 · Fountain Blvd L L C
Aug 1, 2003
—
Fountain Blvd LLC
Eca Holdings INC
Quit Claim Deed
related
—
—
—
Rocky Mtn Health Care Svcs
—
Deed Of Trust
related
$950,000 · Wells Fargo Bank
—
—
Rocky Mtn Health Care Svcs
—
Loan Modification
related
—
—
—
Rocky Mtn Health Care Svcs
—
Deed Of Trust
related
$950,000 · Wells Fargo 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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