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Property profile & analytics
OFF-MARKET
Estimated value
$7,570,000
Office buildings
18 Weber St 24 Colorado Springs, CO 80903-1914
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US13-1000676
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
48,030 SF
Lot
1.09 ac (47,480 SF)
Zoning code
FBZ-CEN
APN
6418120020
UPID
US13-1000676
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
by Request
CAP Approach
CAP
$7.76M
Comparable Approach
Comparable
$9.78M
Blend (final)
Blend
$7.57M
Owner & transaction history
Colweb LLC · 6 yrs held
Colweb LLC
since 2019
4 recorded transactions
Zoning & alternative use
FBZ-CEN · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 ac
Source
Realmo
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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,405,000
6.5%
$7,760,000
7%
$7,205,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$11,975,000
Current use
AUTO REPAIR, GARAGE
$11,825,000
Change: -1% · Conversion: Difficult
MEDICAL BUILDING
$11,555,000
Change: -4% · Conversion: Easy
RETAIL STORES
$10,095,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$7.57M
Range $6.81M – $8.33M · ±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
$158 / 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
$1,883,250
Assessed 2023
Previous assessed
$1,883,250
+0.0% YoY
Assessed land
$331,170
Assessed improvement
$1,552,080
Land market value
$1,187,000
Improvement market value
$5,563,000
Total market value
$6,750,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
AC.PACKAGE
Stories
4
Total area
48,030 SF
Lot
1.09 ac (47,480 SF)
Zoning code
FBZ-CEN
APN
6418120020
UPID
US13-1000676
Jurisdiction
EL PASO
Zoning & alternative use
FBZ-CEN · Colorado Springs, COZoning FBZ-CEN · permitted uses
FBZ-CEN · Colorado Springs, CO
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$1e
Zone name
Form Based Central
General category
UNKNOWN
Zone area
272.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$12.0M
AUTO REPAIR, GARAGE
Est. value
$11.8M
MEDICAL BUILDING
Est. value
$11.6M
RETAIL STORES
Est. value
$10.1M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
MEDICAL 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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
4
Lot
1.09 ac
Current owner
From public records · entity-resolved
Colweb LLC
Entity
Mailing address
PO BOX 1455, COLORADO SPRINGS, CO 80901-1455
Ownership since
2019
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 9, 2019
—
Colweb LLC
—
Deed
related
$500,000 · Ent Cu
—
—
Colweb LLC
—
Loan Modification
related
—
—
—
Colweb LLC
—
Deed Of Trust
related
$500,000 · Ent Cu
—
—
Colweb LLC
—
Loan Modification
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.
Try Rey
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