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    1455 S Nevada Ave Colorado Springs, CO 80905
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    1455 S Nevada Ave, Colorado Springs, CO 80905

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    • Drive through restaurants
    • 1,349 SF
    • 0.39 lot acres
    For Lease
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    Land for Ground Lease For Lease
    Contact for pricing
    1,305 SF

    Land for Ground Lease

    Ground lease opportunity on S Nevada Avenue, Colorado Springs.

    1455 S Nevada Ave, Colorado Springs, CO
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    Property ID
    US13-2747817
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Taco Express / Restaurant

    Property Details for 1455 S Nevada Ave

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.39 lot acres
    Zone code
    C6
    Property type
    Drive through restaurants
    APN
    6419412029
    APU
    6419412029

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2026 — Sna Equities LLC — Deed · related $85k · Stephen D Tebo
    Apr 18, 2024 $147,500 Sna Equities LLC Cdg Brookside & Nevada LLC Special Warranty Deed $1.5M · Schulz Partnership Lllp
    Oct 25, 2021 — Cdg Brookside & Nevada LLC — Deed · related $1.5M · Security Service FCU
    Dec 13, 2019 — Cdg-brookside & Nevada LLC — Deed · related $13.5M · Oneaz Cu
    Jun 26, 2017 — Cdg-brookside & Nevada LLC — Deed · related $2.1M · Bank34
    Sep 23, 2016 $106,000 Cdg Brooksid And Nevada LLC Roslin Bnet Lease III LLC Special Warranty Deed $1.2M · Bank 34
    May 25, 2016 — Jprn Self Storage LLC — Deed · related —
    Dec 10, 2010 — Roslin Net Lease III LLC Roslin Interests LLC Quit Claim Deed · related —
    Dec 10, 2010 $250,000 Roslin Net Lease III LLC Perfecto De La Torre Warranty Deed $341k · 5star Bank
    Dec 17, 2009 — Roslin Interests LLC Sheriff Of El Paso County Trustees Deed · related —
    Dec 7, 2009 $192,202 Taco Express INC Sheriff Of El Paso County Certificate Of Purchase —
    — — Sun I Cole — Deed Of Trust · related $1.1M · Minnequa Bank Of Pueblo
    — — Cdg-brookside & Nevada LLC — Deed Of Trust · related $13.5M · Oneaz Cu
    — — Jprn Self Storage LLC — Loan Modification · related —
    — — Jprn Self Storage LLC — Loan Modification · related —
    — — Jprn Self Storage LLC — Deed Of Trust · related $250k · Five Star Bank
    — — Cdg-brookside & Nevada LLC — Deed Of Trust · related $2.1M · Bank34

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.822
    Latitude
    38.8129
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,239
    $67,270
    $54,980
    $122,250
    -
    $241,110
    $197,074
    $438,184

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      Retail Space in Colorado Springs

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    Colorado Springs, CO 80905
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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