Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1895 Main St Colorado Springs, CO 80911-1156
    Back to Search
    Property profile & analytics

    1895 Main St, Colorado Springs, CO 80911-1156

    View on Map
    • Distribution centers
    • 3,000 SF
    • 0.41 lot acres
    Off-Market
    Last Sale Jan 4, 2021
    $440,500
    Property ID
    US13-0978029
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Smith Plumbing, Heating, Cooling & Electrical - Colorado Springs / HVAC Service / General Contractor

    Property Details for 1895 Main St

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    0.41 lot acres
    Zone code
    CC CAD-O
    Property type
    Distribution centers
    APN
    6502000061
    APU
    6502000061

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 4, 2021 $440,500 Great Dane Ventures LLC 1895 Main Street LLC Special Warranty Deed $330k · Adams Bank & Trust
    Feb 21, 2018 — 1895 Main Street LLC — Deed · related $161k · Bank Of Co
    Sep 20, 2016 — 1895 Main Street LLC — Deed · related $176k · J & G Mesick Investments
    Nov 22, 2010 — Owner Name Unavailable Owner Name Unavailable Quit Claim Deed · related —
    Jan 26, 2005 — 1895 Main Street LLC Brown,sheri D Quit Claim Deed · related —
    Aug 4, 2004 — Sheri D Brown Weimer Properties LLC Warranty Deed · related —
    Oct 3, 2002 $360,000 Weimer Properties LLC Smith,david R & Kathi I Grant Deed —
    Nov 17, 1998 — David R Smith Ravinia Ltd Lc Grant Deed · related —
    — — 1895 Main Street LLC — Deed Of Trust · related $133k · Bank Of Co
    — — 1895 Main Street LLC — Deed Of Trust · related $176k · J & G Mesick Investments
    — — 1895 Main Street LLC — Deed Of Trust · related $161k · Bank Of Co
    — — 1895 Main Street LLC — Deed Of Trust · related $153k · Bank At Broadmoor

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Colorado Springs
    County
    El Paso
    State
    Colorado
    Longitude
    -104.739
    Latitude
    38.7685
    CBSA code
    17820
    CBSA name
    COLORADO SPRINGS, CO METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,137
    $34,080
    $79,170
    $113,250
    -
    $122,136
    $283,779
    $405,915

    Comparable in this City

    • Value Estimation
      $585,000
      3,480 SF

      2620 Cody Dr

      DISTRIBUTION WAREHOUSE
      2620 Cody Dr, Colorado Springs, CO 80911-1022
      View Details
    • Value Estimation by Request
      1,440 SF

      7185 Hwy 85-87

      DISTRIBUTION WAREHOUSE
      7185 Hwy 85-87, Colorado Springs, CO 80911
      View Details
    • Value Estimation by Request
      0.90 Acres

      - SWC Mesa Rdg Pkwy And Syracuse St

      Distribution properties
      - SWC Mesa Rdg Pkwy And Syracuse St, Colorado Springs, CO 80911
      View Details
    • Value Estimation
      $690,000
      7,500 SF

      4250 Hancock Expy

      DISTRIBUTION WAREHOUSE
      4250 Hancock Expy, Colorado Springs, CO 80911-6201
      View Details
    • Value Estimation by Request
      94,600 SF

      - SWC Mesa Rdg Pkwy And Syracuse St

      Individual retail properties
      - SWC Mesa Rdg Pkwy And Syracuse St, Colorado Springs, CO 80911
      View Details
    • Value Estimation
      $1,260,000
      10,048 SF

      4010 Clear Vw Frontage Rd

      DISTRIBUTION WAREHOUSE
      4010 Clear Vw Frontage Rd, Colorado Springs, CO 80911-1289
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      140.61 AC at Peak Innovation

      140.61 acres available in the High Growth Airport Trade Area.
      S Powers Blvd & Milton E Proby Pkwy, Colorado Springs, CO 80911
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      2.6-acre commercial land with utilities in high-traffic area.
      4735 Bradley Rd, Colorado Springs, CO 80911
      View Details
    • Contact for pricing
      22,000 SF

      Land Available in Fountain

      New pads and land with high traffic and visibility.
      6120 Timber Rail Pt, Colorado Springs, CO 80911
      View Details
    • Contact for pricing

      Retail Space or Pad Sites

      Retail space for lease or pad sites for sale.
      Nec Of Powers Blvd And Bradley Rd, Colorado Springs, CO 80911
      View Details
    • Contact for pricing
      5,200 SF

      Land with Car Wash Plans

      Land with approved plans for a car wash facility.
      3545 Spectrum Air Way, Colorado Springs, CO 80911
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,300 SF

      Industrial Distribution Warehouse For Rent

      9,300 SF industrial warehouse with excellent amenities and prime location.
      4250 Hancock Expy, Colorado Springs, CO 80911
      View Details
    • Contact for pricing
      131,128 SF

      Colorado Springs Warehouse Space

      Available warehouse space in Colorado Springs.
      7310 Logistics Pt, Colorado Springs, CO 80911
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available in new Powers Blvd development.
      Nec Of Powers Blvd And Bradley Rd, Colorado Springs, CO 80911
      View Details
    • $9 SF/Yr
      42,657 SF

      The Mart Shopping Center: Prime Space Available

      6,625 SF Flex Space in Colorado Springs
      6436 87, Colorado Springs, CO 80911
      View Details
    • Contact for pricing
      768 SF

      Retail Space on Camden Boulevard

      Retail space with excellent visibility and access on Camden Blvd.
      6720-6724 Camden Blvd, Fountain, CO 80911
      View Details
    • Contact for pricing
      2,625 SF

      Retail Space in Colorado Springs

      Retail space available in established Colorado Springs shopping center.
      314-388 Main St, Colorado Springs, CO 80911
      View Details

    Property Visit Statistics

    • Visits by month
      12.5k
    • Visitors by month
      9.9k
    • Avg Time on site
      14 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1895 Main St
    Colorado Springs, CO 80911-1156
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1895 Main St, Colorado Springs, CO, 80911
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!