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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
1685 Paonia St Colorado Springs, CO 80915-2642
Entity Owned
2-yr Hold
Free & Clear
Property ID
US13-0780687
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Construction
WOOD FRAME
Total area
52,308 SF
Lot
4.36 ac (189,922 SF)
Zoning code
I-2 CAD-O
APN
5406305001
UPID
US13-0780687
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
-
Western Fireplace Supply Hardware & Home Improvement
-
Western Outdoor Living Furniture & Home Goods Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
Rice Investments LLC · 2 yrs held
Rice Investments LLC
since 2023
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
I-2 CAD-O · 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
Method
Estimation
Statistic approach
$585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $600k (Oct 5 2023)
Last sale anchor
$600k
Oct 5 2023
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
$13 / 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
$114,131
Tax year 2023
Assessed value
$1,583,670
Assessed 2023
Previous assessed
$1,583,670
+0.0% YoY
Effective rate
7.21%
On assessed value
Assessed land
$233,150
Assessed improvement
$1,350,520
Land market value
$835,652
Improvement market value
$4,840,575
Total market value
$5,676,227
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
1
Total area
52,308 SF
Lot
4.36 ac (189,922 SF)
Zoning code
I-2 CAD-O
APN
5406305001
UPID
US13-0780687
Jurisdiction
EL PASO
Zoning & alternative use
I-2 CAD-O · Colorado Springs, CO
Zoning I-2 CAD-O · permitted uses
I-2 CAD-O · 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
1999
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Lot
4.36 ac
Current owner
From public records · entity-resolved
Rice Investments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1685 PAONIA ST, COLORADO SPRINGS, CO 80915-2642
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Oct 5, 2023
—
Rice Investments LLC
Tim Rice
Intrafamily Transfer
related
—
Jul 14, 2014
$600,000
Tim Rice
Lebrun Properties LLC
Special Warranty Deed
$600,000 · Umb Bank NA
Oct 29, 1999
$2,436,900
Lebrun Properties LLC
Esi Holdings LLC
Grant Deed
$2,000,000 · Merrill Lynch Buiness Financia
Dec 14, 1998
—
Esi Holdings Paonia LLC
—
Deed Of Trust
related
$1,612,500 · Firstmerit Bank NA
May 19, 1998
$335,000
Esi Holdings Paonia LLC
Elkton Investments Ltd
Grant Deed
related
$333,826 · Individual
Apr 1, 1994
$500,000
Dagwood Properties II LLC
Sun Nlf Limited Partnership
Grant Deed
related
—
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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