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Property profile & analytics
OFF-MARKET
Distribution centers
1823 Vermijo Ave Colorado Springs, CO 80904-3817
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2695482
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,170 SF
Lot
0.17 ac (7,385 SF)
Zoning code
C6
APN
7411433005
UPID
US13-2695482
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
-
Two Tails Training Animal Training
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
Joe & John Paisan LLC · 3 yrs held
Joe & John Paisan LLC
since 2023
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
C6 · 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
$8,326
Tax year 2023
Assessed value
$158,090
Assessed 2023
Previous assessed
$158,090
+0.0% YoY
Effective rate
5.27%
On assessed value
Assessed land
$10,510
Assessed improvement
$147,580
Land market value
$37,664
Improvement market value
$528,951
Total market value
$566,615
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Total area
5,170 SF
Lot
0.17 ac (7,385 SF)
Zoning code
C6
APN
7411433005
UPID
US13-2695482
Jurisdiction
EL PASO
Zoning & alternative use
C6 · Colorado Springs, CO
Zoning C6 · permitted uses
C6 · 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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Joe & John Paisan LLC
Entity
Mailing address
8325 DWYER VW, CASCADE, CO 80809-1226
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
$500,000
Joe & John Paisan LLC
Oceans Investments LLC
Special Warranty Deed
$400,000 · Crossfirst Bank
May 3, 2019
—
Oceans Investments LLC
Tacincala Investments LLC
Quit Claim Deed
related
—
Oct 13, 2017
$380,000
Tacincala Investments LLC
Jensen,daniel A
Warranty Deed
$140,000 · Focht Joy Trust (pt)
Dec 3, 2014
—
Daniel A Jensen
Jensen,mark
Quit Claim Deed
related
—
Jul 12, 2007
$292,500
Mark Jensen
Theresa J Barela
Special Warranty Deed
$260,550 · Lehman Brothers Bank Fsb
Apr 10, 2002
$260,000
Frankie B Barela
Johnson,richard N
Grant Deed
$250,000 · First National Bank Colorado
Feb 14, 2002
—
Richard N Johnson
—
Trustees Deed
related
$30,000 · Paragon Financial Investors
Oct 6, 1998
$184,000
Krynski,irene
Johnson,ronald E & Margaret A \
Trustees Deed
$184,000 · Individual
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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