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Property profile & analytics
OFF-MARKET
Estimated value
$8,660,000
Auto shops
1715 Academy Blvd Colorado Springs, CO 80916-4509
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0319266
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,289 SF
Lot
4.07 ac (177,289 SF)
Zoning code
PBC UV CU AO
APN
6426209001
UPID
US13-0319266
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
-
Meineke Car Care Center Auto Repair Shop
-
U-Haul Neighborhood Dealer Car Rental Facility
-
RK Automotive Repair Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.25M
Blend (final)
Blend
$8.66M
Owner & transaction history
Capital Corona II LP · 3 yrs held
Capital Corona II LP
since 2022
7 recorded transactions
Zoning & alternative use
PBC UV CU AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.4M
+77.8%
Apartment house (5+ units)
$11.5M
+65.8%
Commercial (general)
$10.9M
+56.3%
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
$9,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$6,965,000
Current use
RESTAURANT
$12,380,000
Change: +78% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,545,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,885,000
Change: +56% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,540,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$6,805,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$6,040,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$5,945,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$8.66M
Range $7.79M – $9.53M · ±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
$306 / 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
$764,040
Assessed 2023
Previous assessed
$764,040
+0.0% YoY
Assessed land
$173,120
Assessed improvement
$590,920
Land market value
$620,512
Improvement market value
$2,117,976
Total market value
$2,738,488
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Total area
28,289 SF
Lot
4.07 ac (177,289 SF)
Zoning code
PBC UV CU AO
APN
6426209001
UPID
US13-0319266
Jurisdiction
EL PASO
Zoning & alternative use
PBC UV CU AO · Colorado Springs, CO
Zoning PBC UV CU AO · permitted uses
PBC UV 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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$7.0M
RESTAURANT
Est. value
$12.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.5M
COMMERCIAL (GENERAL)
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$6.8M
OFFICE BUILDING
Est. value
$6.0M
RETAIL STORES
Est. value
$5.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.07 ac
Current owner
From public records · entity-resolved
Capital Corona II LP
Entity
Mailing address
414 WALNUT AVE, HUNTINGTON BEACH, CA 92648-5158
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2022
$19,750,000
Capital Corona II LP
Pace Bally Plaza LLC
Special Warranty Deed
$14,812,500 · Pace Bally Plaza LLC
Sep 30, 2014
—
Pace Bally Plaza LLC
—
Grant Deed
related
$6,200,000 · American Bk/commerce
Mar 12, 2013
—
Dune Sc Sub II LLC
—
Deed Of Trust
related
$80,000,000 · Bank Of America
Jun 4, 2009
—
Ohio Mattress Co Licensing & C
—
Deed Of Trust
related
$350,000,000 · Bank Of Ny Mellon Tr Co NA
Jul 22, 2005
—
Ohio Mattress Co Licensing & C
—
Deed Of Trust
related
$565,000,000 · J P Morgan Chase Bank
Oct 6, 2004
—
Pace Bally Plaza LLC
Vannguyen,quan
Grant Deed
$7,960,000 · Principal Commercial Funding
Aug 22, 2002
$11,600,000
Quen V Nguyen
Pace Plaze Development Co
Grant Deed
$8,100,000 · Commercial Federal Bank
—
—
Ohio Mattress Co Licensing & C
—
Deed Of Trust
related
$177,132 · Bank Of Ny Mellon Tr Co NA
—
—
Pace Bally Plaza LLC
—
Loan Modification
related
—
—
—
Ohio Mattress Co Licensing & C
—
Deed Of Trust
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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