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Property profile & analytics
OFF-MARKET
Distribution centers
1895 Main St Colorado Springs, CO 80911-1156
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US13-0978029
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1998
Construction
STEEL FRAME
Total area
3,000 SF
Lot
0.41 ac (17,830 SF)
Zoning code
CC CAD-O
APN
6502000061
UPID
US13-0978029
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
-
Smith Plumbing, Heating, Cooling & Electrical - Colorado Springs HVAC Service 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
Great Dane Ventures LLC · 5 yrs held
Great Dane Ventures LLC
since 2021
Last sale
$440,500
7 recorded transactions
Zoning & alternative use
CC CAD-O · 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
$8,137
Tax year 2023
Assessed value
$113,250
Assessed 2023
Previous assessed
$113,250
+0.0% YoY
Effective rate
7.18%
On assessed value
Assessed land
$34,080
Assessed improvement
$79,170
Land market value
$122,136
Improvement market value
$283,779
Total market value
$405,915
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
1998
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Total area
3,000 SF
Lot
0.41 ac (17,830 SF)
Zoning code
CC CAD-O
APN
6502000061
UPID
US13-0978029
Jurisdiction
EL PASO
Zoning & alternative use
CC CAD-O · Colorado Springs, CO
Zoning CC CAD-O · permitted uses
CC CAD-O · 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
1998
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Great Dane Ventures LLC
Entity
Mailing address
5903 HIGH NOON AVE, COLORADO SPRINGS, CO 80923-5813
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2021
$440,500
Great Dane Ventures LLC
1895 Main Street LLC
Special Warranty Deed
$330,375 · Adams Bank & Trust
Feb 21, 2018
—
1895 Main Street LLC
—
Deed
related
$160,744 · Bank Of Co
Sep 20, 2016
—
1895 Main Street LLC
—
Deed
related
$175,800 · 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
$133,000 · Bank Of Co
—
—
1895 Main Street LLC
—
Deed Of Trust
related
$175,800 · J & G Mesick Investments
—
—
1895 Main Street LLC
—
Deed Of Trust
related
$160,744 · Bank Of Co
—
—
1895 Main Street LLC
—
Deed Of Trust
related
$153,000 · Bank At Broadmoor
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.
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