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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Strip malls
1615 Jet Wing Dr Colorado Springs, CO 80916
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US13-0312091
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,363 SF
Lot
2.96 ac (128,938 SF)
Zoning code
PBC CU AO
APN
6426115004
UPID
US13-0312091
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
Jet Wing Center LLC · 17 yrs held
Jet Wing Center LLC
since 2009
7 recorded transactions
Zoning & alternative use
PBC CU AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$118 / 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
Assessed value
$494,570
Assessed 2023
Previous assessed
$494,570
+0.0% YoY
Assessed land
$143,890
Assessed improvement
$350,680
Land market value
$515,748
Improvement market value
$1,256,915
Total market value
$1,772,663
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Total area
14,363 SF
Lot
2.96 ac (128,938 SF)
Zoning code
PBC CU AO
APN
6426115004
UPID
US13-0312091
Jurisdiction
EL PASO
Zoning & alternative use
PBC CU AO · Colorado Springs, CO
Zoning PBC CU AO · permitted uses
PBC CU 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.
Building & site characteristics
From public records
Year built
1985
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
3
Lot
2.96 ac
Current owner
From public records · entity-resolved
Jet Wing Center LLC
Entity
Mailing address
6815 COTTON DR, COLORADO SPRINGS, CO 80923-6375
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2009
$1,627,600
Jet Wing Center LLC
Chung,keum W & Kyung
Warranty Deed
$1,220,700 · First National Bank
Dec 18, 2006
—
Keum W Chung
—
Trustees Deed
related
$20,000 · First National Bank
May 24, 2005
—
Keum W Chung
—
Trustees Deed
related
$75,000 · First National Bank
Apr 8, 2005
$1,720,000
Keum W Chung
Essex Corp
Grant Deed
$1,204,000 · First National Bank
—
—
Essex Corp
—
Deed Of Trust
related
$1,017,000 · Better Homes Co Profit Sharing
—
—
Keum W Chung
—
Deed Of Trust
related
$75,000 · First National Bank
—
—
Keum W Chung
—
Deed Of Trust
related
$320,000 · Soo B & Hae C Park
—
—
Essex Corp
—
Deed Of Trust
related
$1,097,600 · Sunflower Bank NA
—
—
Essex Corp
—
Deed Of Trust
related
$1,500,000 · Colorado Business Bank NA
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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