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    Property profile & analytics

    16895 Hanks Grv Peyton, CO 80831-9531

    • Office buildings
    • 2,096 SF
    • 40.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US13-2509313
    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.

    Current Use by Public Records

    • Office buildings

    Property Details for 16895 Hanks Grv

    Year built
    1995
    Construction
    WOOD FRAME
    Lot size
    40.00 lot acres
    Property size
    2,096 SF
    Zone code
    A-35
    Property type
    Office buildings
    APN
    4100000297
    APU
    4100000297

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Peyton
    County
    El Paso
    State
    Colorado
    Longitude
    -104.511
    Latitude
    39.0481
    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
    $2,244
    $41,910
    $20,190
    $62,100
    -
    $150,200
    $75,024
    $225,224

    Comparable in this City

    • Value Estimation
      $1,360,000
      8,134 SF

      10850 Woodmen Rd

      OFFICE BUILDING • 8,134 SF
      10850 Woodmen Rd, Peyton, CO 80831-8127
      View Details
    • Value Estimation
      $1,295,000
      7,017 SF

      7020 Old Meridian Rd

      OFFICE BUILDING • 7,017 SF
      7020 Old Meridian Rd, Peyton, CO 80831-8112
      View Details
    • Value Estimation
      $935,000
      4,957 SF

      9985 Towner Ave

      OFFICE BUILDING • 4,957 SF
      9985 Towner Ave, Peyton, CO 80831-7009
      View Details
    • Value Estimation
      $580,000
      3,516 SF

      8011 Meridian Park Dr

      MEDICAL BUILDING • 3,516 SF
      8011 Meridian Park Dr, Peyton, CO 80831-8128
      View Details
    • Value Estimation by Request
      1,481 SF

      7475 Mclaughlin Rd

      MEDICAL BUILDING • 1,481 SF
      7475 Mclaughlin Rd, Peyton, CO 80831-4716
      View Details
    • Value Estimation by Request
      4,625 SF

      Bent Grass Mdw Rd & Meridian Rd

      Retail properties & Spaces • 4,625 SF
      0 Bent Grass Mdw Rd & Meridian Rd, Peyton, CO 80831
      View Details

    Similar Nearby for Sale

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      20 Acres with Highway Frontage

      20-acre property with highway frontage, live/work potential, and development opportunities.
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      31.92 Acres, Prime Commercial Location
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    • $11,500,000
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      Expansive Land Parcel For Sale

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    • $320,000
      40.89 Acres

      Land with Mountain Views

      40+ acre land parcel with mountain views in Peyton, CO.
      3680 Slocum Rd, Peyton, CO 80831
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    • $2,900,000
      2,655 SF

      Windsong Ranch with Indoor Arena

      30-acre ranch featuring a 50,000 sq ft indoor arena.
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    • $180,000

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      5.17-acre homesite with Pikes Peak views in Peyton Pines.
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    Similar Nearby for Lease

    • $40 SF/Yr
      4,625 SF

      Peyton Commercial Land For Lease

      Prime Peyton land, 0.78 acres, 4,625 sqft.
      8035 Meridian Park Dr, Peyton, CO 80831
      View Details
    • Contact for pricing
      15,000 SF

      Falcon Retail Space - 15,000 SF

      Prime Falcon retail space available. 15,000 sq ft single-tenant building.
      7530 Falcon Mkt Pl, Falcon, CO 80831
      View Details
    • $25 SF/Yr
      13,956 SF

      Meridian Ranch Retail Space

      Peyton, CO: Prime Retail Opportunity
      11950 Tourmaline Dr, Peyton, CO 80831
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    • $25 SF/Yr
      17,118 SF

      Meridian Ranch Retail Space Available

      Peyton, CO: Prime Retail Opportunity
      11910 Tourmaline Dr, Peyton, CO 80831
      View Details
    • Contact for pricing
      15,000 SF

      Falcon Marketplace: Peyton Retail Space

      15,000 SF Retail Space - Available Now
      7520 Falcon Mkt Pl, Peyton, CO 80831
      View Details
    • $32 SF/Yr
      18,500 SF

      Bent Grass Commons Retail Space

      Peyton, CO retail space for lease.
      8090 Meridian Park Dr, Peyton, CO 80831
      View Details
    Request Owner's contact information
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    16895 Hanks Grv
    Peyton, CO 80831-9531
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    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
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