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Property profile & analytics
OFF-MARKET
Distribution centers
1775 Jet Strm Dr Colorado Springs, CO 80921-3908
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-0504318
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,625 SF
Zoning code
PIP2/CR
APN
6220102013
UPID
US13-0504318
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
-
Springs Church Church
-
BRAVE Experience Jerky Food Processing Plant
-
World Challenge Charitable Organization Social Service Agency
-
Blindsource, LLC (Bike/Boat/Book/etc) Store Home Decor Store
-
Casco Construction CO Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T&m Transportation INC · 3 yrs held
T&m Transportation INC
since 2022
7 recorded transactions
Zoning & alternative use
PIP2/CR · 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
—
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
$5,393
Tax year 2023
Assessed value
$84,890
Assessed 2023
Previous assessed
$84,890
+0.0% YoY
Effective rate
6.35%
On assessed value
Assessed land
$15,810
Assessed improvement
$69,080
Land market value
$56,658
Improvement market value
$247,606
Total market value
$304,264
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
1,625 SF
Zoning code
PIP2/CR
APN
6220102013
UPID
US13-0504318
Jurisdiction
EL PASO
Zoning & alternative use
PIP2/CR · Colorado Springs, CO
Zoning PIP2/CR · permitted uses
PIP2/CR · 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
2004
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Current owner
From public records · entity-resolved
T&m Transportation INC
Entity
Mailing address
628 JUNEGRASS CT, COLORADO SPRINGS, CO 80921-3044
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 19, 2022
—
T&m Transportation INC
Michael B Murphy
Special Warranty Deed
$288,000 · Ent Cu
Sep 19, 2022
$287,000
T&m Transporation INC
Melodee M Easton
Personal Rep. Deed
—
Jul 8, 2013
$240,000
Blindsource LLC
Barcan,cristian
Grant Deed
—
Feb 26, 2010
$235,000
Cristian Barcan
American National Bank
Special Warranty Deed
$214,000 · Wells Fargo Bank NA
Sep 24, 2009
—
American National Bank
Fallentine,bradley
Deed In Lieu Of Foreclosure
related
—
Jul 29, 2009
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jul 12, 2006
—
Bradley Fallentine
—
Trustees Deed
related
$195,000 · American National Bank & Trust
Jul 8, 2005
$200,000
Bradley Fallentine
Pen & Brush Properties LLC
Warranty Deed
—
Feb 4, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Blindsource LLC
—
Deed Of Trust
related
$180,000 · Academy Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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