Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Rockrimmon Blvd Colorado Springs, CO 80919-2329
    Back to Search
    Property profile & analytics

    15 Rockrimmon Blvd, Colorado Springs, CO 80919-2329

    View on Map
    • Drive through restaurants
    • 806 SF
    • 0.60 lot acres
    Off-Market
    Last Sale Sep 23, 2020
    $400,000
    Property ID
    US13-1192219
    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

    • Ziggi's Coffee / Cafe & Coffee Shop

    Property Details for 15 Rockrimmon Blvd

    Year built
    1984
    Construction
    WOOD FRAME
    Lot size
    0.60 lot acres
    Zone code
    PBC HS
    Property type
    Drive through restaurants
    APN
    6318302005
    APU
    6318302005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 22, 2022 — Spiritual Bean 3 LLC — Deed · related $1.1M · High Plains Bank
    Jul 8, 2021 — Spiritual Bean 3 LLC — Deed · related $1.1M · High Plains Bank
    Sep 23, 2020 $400,000 Spiritual Bean 3 LLC 123 Cascade Associates LLC Special Warranty Deed $284k · High Plains Bank
    Oct 6, 2000 $475,000 123 Cascade Associates LLC Air Academy FCU Grant Deed $390k · Pueblo Bank & Trust Co

    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
    -104.825
    Latitude
    38.9142
    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
    $7,727
    $78,200
    $53,630
    $131,830
    -
    $280,276
    $192,224
    $472,500

    Comparable in this City

    • Value Estimation by Request
      3,100 SF

      4560 Centennial Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      4560 Centennial Blvd, Colorado Springs, CO 80919-3335
      View Details
    • Value Estimation by Request
      3,707 SF

      4540 Centennial Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD
      4540 Centennial Blvd, Colorado Springs, CO 80919-3335
      View Details
    • Value Estimation by Request
      6,525 SF

      4605 Centennial Blvd

      RESTAURANT
      4605 Centennial Blvd, Colorado Springs, CO 80919-3304
      View Details
    • Value Estimation by Request
      2,827 SF

      7350 Pne Crk Rd

      RESTAURANT
      7350 Pne Crk Rd, Colorado Springs, CO 80919-2626
      View Details
    • Value Estimation
      $2,715,000
      7,109 SF

      7061 Commerce Ctr Dr

      RESTAURANT
      7061 Commerce Ctr Dr, Colorado Springs, CO 80919-2651
      View Details
    • Value Estimation
      $625,000
      9,140 SF

      7115 Commerce Ctr Dr

      RESTAURANT
      7115 Commerce Ctr Dr, Colorado Springs, CO 80919-2633
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Buildable Parcel For Sale

      2.69 acre pad site in Colorado Springs.
      Centennial Blvd, Colorado Springs, CO 80919
      View Details
    • $3,396,000

      Freestanding Outback Steakhouse NNN

      Fee-simple investment featuring an absolute NNN lease with long remaining term and scheduled 2% annual increases.
      7065 Commerce Center Dr, Colorado Springs, CO 80919
      View Details
    • Contact for pricing
      23,662 SF

      Retail Center in Colorado Springs

      Multi-tenant retail center with stable income and upside potential.
      6660-6660 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • $6,000,000
      12.16 Acres

      Approved Estate Lots with Views

      Thirteen approved lots with views of Garden of the Gods.
      1420 Point Of The Pines Dr, Colorado Springs, CO 80919
      View Details
    • Contact for pricing

      Corporate Drive Specialty Property

      Specialty commercial property for sale in Colorado Springs.
      6395 Corporate Dr, Colorado Springs, CO 80919
      View Details
    • $312,000
      0.02 Acres

      Condominium in Saddleback Ridge

      Move-in ready condo with new features and convenient location.
      1935 Montura Vw, Colorado Springs, CO 80919
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Center with Lower Level

      Retail spaces available in Colorado Springs near Woodmen and I-25.
      401-493 Windchime Pl, Colorado Springs, CO 80919
      View Details
    • Contact for pricing
      848 SF

      Retail Space in Rockrimmon Center

      Retail space available in established Rockrimmon Shopping Center.
      6602-6616 Delmonico Dr, Colorado Springs, CO 80919
      View Details
    • Contact for pricing
      2,412 SF

      Retail Space in Safeway Village

      Neighborhood shopping center anchored by Safeway in Colorado Springs.
      710-728 Village Center Dr, Colorado Springs, CO 80919
      View Details
    • Contact for pricing
      5,023 SF

      Retail Space in Safeway Village

      Neighborhood shopping center anchored by Safeway in Colorado Springs.
      820-832 Village Center Dr, Colorado Springs, CO 80919
      View Details
    • Contact for pricing

      Centennial Shopping Center Retail Space

      Retail space with high visibility and ample parking available for rent.
      4935 Centennial Blvd, Colorado Springs, CO 80919
      View Details
    • Contact for pricing
      2,048 SF

      Centennial Blvd Office Space Available

      Office space for rent with recent upgrades and monument signage.
      5245 Centennial Blvd, Colorado Springs, CO 80919
      View Details

    Property Visit Statistics

    • Visits by month
      7.7k
    • Visitors by month
      6.2k
    • Avg Time on site
      6 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Rockrimmon Blvd
    Colorado Springs, CO 80919-2329
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15 Rockrimmon Blvd, Colorado Springs, CO, 80919
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!