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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Showrooms
155 Academy Blvd Colorado Springs, CO 80909-6553
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-0116975
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,400 SF
Lot
4.09 ac (178,160 SF)
Zoning code
C6/CR AO
APN
6414205007
UPID
US13-0116975
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
-
A Classic Detail Car Wash
-
DRIVEASY Car Dealership
-
Botanical Organic Achene Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$1.77M
Owner & transaction history
Finish Line Auto Sales LLC · 6 yrs held
Finish Line Auto Sales LLC
since 2019
7 recorded transactions
Zoning & alternative use
C6/CR AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+13.8%
Apartment house (5+ units)
$2.2M
+6.1%
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 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,075,000
Current use
RESTAURANT
$2,365,000
Change: +14% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,205,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±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
$327 / 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
$25,933
Tax year 2023
Assessed value
$481,710
Assessed 2023
Previous assessed
$481,710
+0.0% YoY
Effective rate
5.38%
On assessed value
Assessed land
$372,800
Assessed improvement
$108,910
Land market value
$1,336,200
Improvement market value
$390,352
Total market value
$1,726,552
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Total area
5,400 SF
Lot
4.09 ac (178,160 SF)
Zoning code
C6/CR AO
APN
6414205007
UPID
US13-0116975
Jurisdiction
EL PASO
Zoning & alternative use
C6/CR AO · Colorado Springs, CO
Zoning C6/CR AO · permitted uses
C6/CR AO · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
2
Lot
4.09 ac
Current owner
From public records · entity-resolved
Finish Line Auto Sales LLC
Entity
Mailing address
230 N CHELTON RD, COLORADO SPRINGS, CO 80909-6402
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Finish Line Auto Sales LLC
—
Deed
related
$2,000,000 · United States Small Business Admin
Jun 22, 2020
—
Finish Line Auto Sales LLC
—
Deed
related
$762,800 · Economic & Cmnty Dev Inst
May 29, 2020
—
Finish Line Auto Sales LLC
—
Deed Of Trust
related
$610,240 · American Bk/commerce
Oct 16, 2019
$1,500,000
Finish Line Auto Sales LLC
Colorado Automax Re LLC
Grant Deed
$1,450,000 · Tantrum LLC
Aug 31, 2007
$2,200,000
Colorado Automax Re LLC
Western Auto Development Ltd
Special Warranty Deed
$1,760,000 · M & I Marshall & Ilsley Bank
—
—
Finish Line Auto Sales LLC
—
Deed Of Trust
related
$762,800 · Economic & Cmnty Dev Inst
—
—
Colorado Automax Re LLC
—
Loan Modification
related
$1,760,000 · Bmo Harris Bank
—
—
Finish Line Auto Sales LLC
—
Deed Of Trust
related
$762,800 · American Bk/commerce
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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