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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Specialty properties
1695 Monterey Rd Colorado Springs, CO 80910
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US13-2674710
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1986
Construction
WOOD FRAME
Total area
4,920 SF
Lot
17.81 ac (775,804 SF)
Zoning code
PUD
APN
6428110001
UPID
US13-2674710
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
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$704k
Blend (final)
Blend
$510k
Owner & transaction history
1836 Ralphs Ridge Fee Owner LLC · 2 yrs held
1836 Ralphs Ridge Fee Owner LLC
since 2023
4 recorded transactions
Zoning & alternative use
PUD · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$615,000
+46.6%
Medical building
$565,000
+34.9%
Warehouse, storage
$425,000
+1.5%
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
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$420,000
Current use
AUTO REPAIR, GARAGE
$615,000
Change: +47% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +35% · Conversion: Difficult
WAREHOUSE, STORAGE
$425,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$370,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$104 / 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
$3,075,700
Assessed 2023
Previous assessed
$3,075,700
+0.0% YoY
Assessed land
$210,510
Assessed improvement
$2,865,190
Land market value
$3,142,002
Improvement market value
$42,764,075
Total market value
$45,906,077
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1986
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
16
Stories
1
Units
20
Total area
4,920 SF
Lot
17.81 ac (775,804 SF)
Zoning code
PUD
APN
6428110001
UPID
US13-2674710
Jurisdiction
EL PASO
Zoning & alternative use
PUD · Colorado Springs, CO
Zoning PUD · permitted uses
PUD · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$420,000
AUTO REPAIR, GARAGE
Est. value
$615,000
MEDICAL BUILDING
Est. value
$565,000
WAREHOUSE, STORAGE
Est. value
$425,000
RETAIL STORES
Est. value
$370,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1986
Construction
WOOD FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
16
Units
20
Lot
17.81 ac
Current owner
From public records · entity-resolved
1836 Ralphs Ridge Fee Owner LLC
Entity
Mailing address
10100 SANTA MONICA BLVD STE #420, LOS ANGELES, CA 90067-4118
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
—
1836 Ralphs Ridge Fee Owner LLC
—
Deed
related
$39,890,000 · Capital One Bank NA
Oct 3, 2017
—
Hudson Redwood Stone Ridge LLC
—
Deed
related
$11,710,000 · Cbre Cap Markets
Jul 2, 2010
—
Apartment Assocs Waterfield
—
Deed Of Trust
related
$65,000,000 · Lb Com'l Mtg Tr 2007-c3 (ct)
—
—
Hudson Redwood Stone Ridge LLC
—
Deed Of Trust
related
$11,710,000 · Cbre Cap Markets
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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