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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Distribution centers
1508 Dustry Dr Colorado Springs, CO 80905-2842
Entity Owned
8-yr Hold
Free & Clear
Property ID
US13-2840361
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,224 SF
Lot
0.33 ac (14,400 SF)
Zoning code
M1
APN
6429404001
UPID
US13-2840361
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
-
Mr. Rooter Plumbing of Colorado Springs Plumbing Service General Contractor
-
Geronimo Excavation Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$545k
Comparable Approach
Comparable
$810k
Blend (final)
Blend
$830k
Owner & transaction history
Marcana LLC · 8 yrs held
Marcana LLC
since 2018
6 recorded transactions
Zoning & alternative use
M1 · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+133.9%
Neighborhood: shopping center
$860,000
+62.0%
Auto repair, garage
$795,000
+49.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$590,000
6.5%
$545,000
7%
$510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$530,000
Current use
COMMERCIAL (GENERAL)
$1,240,000
Change: +134% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$860,000
Change: +62% · Conversion: Moderate
AUTO REPAIR, GARAGE
$795,000
Change: +50% · Conversion: Easy
MEDICAL BUILDING
$775,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$690,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$675,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
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
$257 / 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
$7,367
Tax year 2023
Assessed value
$151,870
Assessed 2023
Previous assessed
$151,870
+0.0% YoY
Effective rate
4.85%
On assessed value
Assessed land
$14,060
Assessed improvement
$137,810
Land market value
$50,400
Improvement market value
$493,936
Total market value
$544,336
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
3,224 SF
Lot
0.33 ac (14,400 SF)
Zoning code
M1
APN
6429404001
UPID
US13-2840361
Jurisdiction
EL PASO
Zoning & alternative use
M1 · Colorado Springs, CO
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$530,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$795,000
MEDICAL BUILDING
Est. value
$775,000
OFFICE BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
OFFICE 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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Marcana LLC
Entity
Free & Clear · 8 yrs held
Mailing address
4520 E EASTER AVE, CENTENNIAL, CO 80122-2168
Ownership since
2018
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 6, 2018
—
Marcana LLC
Bromag Investments LLC
Quit Claim Deed
related
—
Apr 4, 2018
—
Kathleen Linnen Marcana LLC
Kathleen Kunz Marcana LLC
Quit Claim Deed
related
—
Feb 4, 2015
—
Bromag Investments LLC
—
Trustees Deed
related
$150,000 · North Star Bk
Mar 18, 2005
$245,500
Bromag Investments LLC
Robertson,donald J
Warranty Deed
—
—
—
Bromag Investments LLC
—
Loan Modification
related
—
—
—
Bromag Investments LLC
—
Deed Of Trust
related
$300,000 · Umb Bank Colorado
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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