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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Amusement parks
196 Spectrum Loop Colorado Springs, CO 80921-3837
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US13-1926474
Property profile
Verified
Property type
Amusement parks
Use group
ARCADES (AMUSEMENT)
Year built
2015
Construction
STEEL FRAME
Total area
68,225 SF
Lot
1.73 ac (75,359 SF)
Zoning code
PUD HR
APN
6207204009
UPID
US13-1926474
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
-
Overdrive Raceway Arcade & Gaming Center Family Recreation Center
-
Heartland Connect Business Networking Group Business Networking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.75M
Owner & transaction history
Overdrive Raceway LLC · 3 yrs held
Overdrive Raceway LLC
since 2022
3 recorded transactions
Zoning & alternative use
PUD HR · 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
$40 / 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
$127,692
Tax year 2023
Assessed value
$1,395,000
Assessed 2023
Previous assessed
$1,395,000
+0.0% YoY
Effective rate
9.15%
On assessed value
Assessed land
$362,680
Assessed improvement
$1,032,320
Land market value
$1,299,926
Improvement market value
$3,700,074
Total market value
$5,000,000
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
Amusement parks
Use group
ARCADES (AMUSEMENT)
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Stories
2
Total area
68,225 SF
Lot
1.73 ac (75,359 SF)
Zoning code
PUD HR
APN
6207204009
UPID
US13-1926474
Jurisdiction
EL PASO
Zoning & alternative use
PUD HR · Colorado Springs, CO
Zoning PUD HR · permitted uses
PUD HR · 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
2015
Construction
STEEL FRAME
Heating
NONE
Stories
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Overdrive Raceway LLC
Entity
Mailing address
4908 BEAR PAW DR, CASTLE ROCK, CO 80109-8610
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2022
—
Overdrive Raceway LLC
—
Deed
related
$175,000 · Adams Bank & Trust
Mar 8, 2022
—
Overdrive Raceway LLC
—
Deed
related
$5,680,703 · Adams Bank & Trust
Dec 9, 2015
—
Overdrive Raceway LLC
—
Grant Deed
related
$4,265,000 · Paragon Bk
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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