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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Strip malls
19585 Hess Rd Parker, CO 80134-3891
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US13-1200778
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2020
Total area
11,408 SF
Lot
0.82 ac (35,719 SF)
APN
R0460303
UPID
US13-1200778
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
-
Prime IV Hydration & Wellness - Parker Gym & Fitness Center Alternative Medicine Practice
-
Behavioral Innovations Medical Clinic
-
poulette BAKESHOP Bakery Specialty Food Shop
-
El Abuelo Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.19M
CAP Approach
CAP
$3.60M
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$4.98M
Owner & transaction history
Prakritis Country Meadows LLC · 4 yrs held
Prakritis Country Meadows LLC
since 2021
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.2M
+44.7%
Auto repair, garage
$4.9M
+14.5%
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 Parker submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Parker 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
$4,535,000
ML approach
$5,190,000
CAP Approach
CAP Return
Estimation
6%
$3,900,000
6.5%
$3,600,000
7%
$3,340,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,275,000
Current use
RESTAURANT
$6,190,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,900,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$3,885,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,710,000
Change: -13% · Conversion: Easy
MEDICAL BUILDING
$3,660,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10% · vs last sale $4.81M (Oct 19 2021)
Last sale anchor
$4.81M
Oct 19 2021
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
$436 / 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
$97,736
Tax year 2023
Assessed value
$1,113,990
Assessed 2023
Previous assessed
$384,160
+190.0% YoY
Effective rate
8.77%
On assessed value
Assessed land
$87,200
Assessed improvement
$1,026,790
Land market value
$312,543
Improvement market value
$3,680,257
Total market value
$3,992,800
Applied tax rate
803.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
AC.PACKAGE
Stories
1
Total area
11,408 SF
Lot
0.82 ac (35,719 SF)
APN
R0460303
UPID
US13-1200778
Jurisdiction
DOUGLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$4.3M
RESTAURANT
Est. value
$6.2M
AUTO REPAIR, GARAGE
Est. value
$4.9M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.7M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL 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
2020
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.82 ac
Current owner
From public records · entity-resolved
Prakritis Country Meadows LLC
Entity
Mailing address
2392 RED EDGE HTS, COLORADO SPRINGS, CO 80921-7207
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$4,811,000
Prakritis Country Meadows LLC
Country Meadows Development Phase 2
Special Warranty Deed
$3,127,000 · Ent Cu
Jun 8, 2021
—
Country Meadows Development Phase 2
—
Deed
related
$3,500,000 · North Valley Bank
Jul 15, 2019
—
Country Meadows Dev Phase 2 Ll
Country Meadows Dev LLC
Quit Claim Deed
related
$2,966,524 · Brelf II LLC
Jul 18, 2018
—
Country Meadows Dev LLC
—
Deed
related
$500,000 · Monarch Country Meadows LLC
Jun 6, 2017
$1,000,000
Country Meadows Dev LLC
Monarch Country Meadows LLC
Grant Deed
related
$500,000 · Monarch Country Meadows LLC
Aug 5, 2016
$550,000
Monarch Country Meadows LLC
Acorn 4 Cntry Meadows R/e LLC
Grant Deed
$350,000 · Integrity Cap Income Fund INC
Aug 14, 2012
—
Acorn 4 Cntry Meadows R/e LLC
Public Trustee Of Douglas Cnty
Trustees Deed
related
—
Apr 2, 2009
—
Ts Holdings LLC
—
Deed Of Trust
related
$1,900,000 · Firstier Bank NA
Jan 22, 2009
—
Ts Holdings LLC
—
Deed Of Trust
related
$1,530,450 · Firstier Bank NA
—
—
Country Meadows Dev LLC
—
Loan Modification
related
$500,000 · Monarch Country Meadows LLC
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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