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Property profile & analytics
FOR SALE
Retail space
1883 S Chelton Rd Colorado Springs, CO 80910
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US13-0575236
For Sale
1 / 7
$1,800,000
1883 S Chelton Rd, Colorado Springs, CO 80910
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
STEEL FRAME
Total area
6,573 SF
Lot
0.78 ac (34,019 SF)
Zoning code
PBC CU AO
APN
6427111045
UPID
US13-0575236
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
-
Badazz Baggerz Auto Parts Store Motorcycle Shop
-
Quality Auto Performance Center Electronics & Wireless Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
R & T Associates LLC · 15 yrs held
R & T Associates LLC
since 2010
7 recorded transactions
Zoning & alternative use
PBC CU AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+1.6%
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%
$1,320,000
6.5%
$1,215,000
7%
$1,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,380,000
Current use
OFFICE BUILDING
$1,405,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$134 / 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
Tax billed
$13,560
Tax year 2023
Assessed value
$272,500
Assessed 2023
Previous assessed
$272,500
+0.0% YoY
Effective rate
4.98%
On assessed value
Assessed land
$56,470
Assessed improvement
$216,030
Land market value
$202,413
Improvement market value
$774,297
Total market value
$976,710
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
6,573 SF
Lot
0.78 ac (34,019 SF)
Zoning code
PBC CU AO
APN
6427111045
UPID
US13-0575236
Jurisdiction
EL PASO
Zoning & alternative use
PBC CU AO · Colorado Springs, CO
Zoning PBC CU AO · permitted uses
PBC 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
RETAIL STORES Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
OFFICE BUILDING
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
2000
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
R & T Associates LLC
Entity
Mailing address
1883 S CHELTON RD, COLORADO SPRINGS, CO 80910-1664
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
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
May 23, 2017
—
R & T Associates LLC
—
Deed
related
$308,000 · Keybank USA
Dec 23, 2010
—
R & T Associates LLC
R T Associates
Quit Claim Deed
related
$375,000 · Five Star Bank
Apr 13, 2000
$185,400
R T Associates
Jh Foods Ltd
Grant Deed
$239,740 · Key Bank NA
—
—
R & T Associates LLC
—
Deed Of Trust
related
$60,000 · Key Bank & Trust
—
—
R & T Associates LLC
—
Deed Of Trust
related
$308,000 · Keybank USA
—
—
R & T Associates LLC
—
Deed Of Trust
related
$375,000 · Key Bank & Trust
—
—
R & T Associates LLC
—
Deed Of Trust
related
$375,000 · Key Bank & Trust
—
—
R&t Associates LLC
—
Deed Of Trust
related
$375,000 · Key Bank & Trust
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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