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Property profile & analytics
OFF-MARKET
Estimated value
$12,125,000
Warehouses
1935 Aerotech Dr Colorado Springs, CO 80916-4221
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US13-2775755
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
80,000 SF
Lot
6.21 ac (270,595 SF)
Zoning code
C6/CR P AO
APN
6425004025
UPID
US13-2775755
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
-
Storage Star Colorado Springs Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.09M
CAP Approach
CAP
$10.69M
Comparable Approach
Comparable
$14.76M
Blend (final)
Blend
$12.13M
Owner & transaction history
Manteca Self Storage Investors LLC · 3 yrs held
Manteca Self Storage Investors LLC
since 2022
Last sale
$12.9M
7 recorded transactions
Zoning & alternative use
C6/CR P AO · Colorado Springs, CO
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.7M
+55.9%
Medical building
$19.2M
+52.4%
Office building
$17.1M
+35.3%
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
$11,960,000
ML approach
$9,090,000
CAP Approach
CAP Return
Estimation
6%
$11,580,000
6.5%
$10,690,000
7%
$9,925,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,630,000
Current use
AUTO REPAIR, GARAGE
$19,690,000
Change: +56% · Conversion: Easy
MEDICAL BUILDING
$19,245,000
Change: +52% · Conversion: Difficult
OFFICE BUILDING
$17,085,000
Change: +35% · Conversion: Difficult
Blend value · Realmo final
$12.13M
Range $10.91M – $13.34M · ±10% · vs last sale $12.93M (Aug 3 2022)
Last sale anchor
$12.93M
Aug 3 2022
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
$152 / 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
$149,102
Tax year 2023
Assessed value
$2,916,390
Assessed 2023
Previous assessed
$2,916,390
+0.0% YoY
Effective rate
5.11%
On assessed value
Assessed land
$337,160
Assessed improvement
$2,579,230
Land market value
$1,217,696
Improvement market value
$9,329,936
Total market value
$10,547,632
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
SPACE
Buildings
8
Stories
1
Units
1
Total area
80,000 SF
Lot
6.21 ac (270,595 SF)
Zoning code
C6/CR P AO
APN
6425004025
UPID
US13-2775755
Jurisdiction
EL PASO
Zoning & alternative use
C6/CR P AO · Colorado Springs, CO
Zoning C6/CR P AO · permitted uses
C6/CR P 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
WAREHOUSE, STORAGE Current
Est. value
$12.6M
AUTO REPAIR, GARAGE
Est. value
$19.7M
MEDICAL BUILDING
Est. value
$19.2M
OFFICE BUILDING
Est. value
$17.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2019
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
8
Units
1
Lot
6.21 ac
Current owner
From public records · entity-resolved
Manteca Self Storage Investors LLC
Entity
Mailing address
3600 AMERICAN RIV DR STE #215, SACRAMENTO, CA 95864-5950
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2022
$12,925,000
Manteca Self Storage Investors LLC
Us Self Storage LLC
Special Warranty Deed
$7,500,000 · Western United Life Assurance Compa
Aug 4, 2020
—
Us Self Storage LLC
Starship Co Spgs Rv Pk LLC
Grant Deed
—
Jan 22, 2019
—
Starship Colorado Springs Rv P
—
Grant Deed
related
$6,188,000 · Citywide Bk
May 3, 2017
$1,600,000
Starship Colorado Springs Rv P
Miller Fam R/e LLC
Grant Deed
related
—
May 2, 2017
$1,600,000
Starship Colorado Springs Rv P
Miller Fam R/e LLC
Grant Deed
$10,000 · Monroe Family Partners Ltd
May 25, 2007
$2,173,059
Miller Family Real Estate LLC
Lg Case & New Discovery Ventur
Warranty Deed
—
—
—
Miller Family Real Estate LLC
—
Deed Of Trust
related
$3,520,000 · Bank Of America
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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